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case_no: "22-50073"
doc_number: 3448
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filed_date: "2024-08-21"
lang: "en"
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# Guo Wengui / Miles Guo — bankruptcy case · ECF #3448



UNITED STATES BANKRUPTCY COURT

DISTRICT OF
CONNECTICUT
BRIDGEPORT DIVISION
In Re.
Ho Wan Kwok
Debtor(s)　§
§
§
§　Case No.
22-50073
Lead Case No.
22-50073
Jointly Administered
Monthly Operating Report　Chapter 11
Reporting Period Ended:
07/31/2024　Petition Date:
02/15/2022
Months Pending:
30　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
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

08/21/2024

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 3448 Filed 08/21/24 Entered 08/21/24 22:26:38 Page 2 of 25

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　\$71,292,228
b.　Total receipts (net of transfers between accounts)　\$3,147,180　\$118,455,475
c.　Total disbursements (net of transfers between accounts)　\$1,903,011　\$44,466,054
d.　Cash balance end of month (a+b-c)　\$72,536,397
e.　Disbursements made by third party for the benefit of the estate　\$0　\$12,757
f.　Total disbursements for quarterly fee calculation (c+e)　\$1,903,011　\$44,478,811
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　\$2,695,769　\$26,236,348
b.　Total payments to third parties incident to assets being sold/transferred　\$2,844　\$1,160,344
c.　outside the ordinary course of business
Net cash proceeds from assets sold/transferred outside the ordinary
course of business (a-b)　\$2,692,925　\$25,076,004
Part 4: Income Statement (Statement of Operations)
(Not generally applicable to Individual 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
Case 22-50073 Doc 3448 Filed 08/21/24 Entered 08/21/24 22:26:38 Page 3 of 25

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　\$1,873,920　\$40,636,880　\$1,873,920　\$40,636,880
Itemized Breakdown by Firm
Firm Name　Role
i　Neubert, Pepe & Monteith, P.C Local Counsel　\$1,020,385　\$3,384,686　\$1,020,385　\$3,384,686
ii　Paul Hastings LLP (counsel to cLead Counsel　\$0　\$31,441,406　\$0　\$31,441,406
iii　Brown Rudnick (counsel to Ho Lead Counsel　\$0　\$0　\$0　\$0
iv　Pullman & Comley, LLC (coun Lead Counsel　\$57,001　\$765,645　\$57,001　\$765,645
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　\$312,048　\$895,847　\$312,048　\$895,847
ix　Paul Wright　Other　\$0　\$0　\$0　\$0
x　Pallas Partners LLP　Other　\$108,147　\$413,965　\$108,147　\$413,965
xi　Edmiston and Company LimitedOther　\$0　\$1,176,250　\$0　\$1,176,250
xii　Engineering Operations and CerOther　\$0　\$0　\$0　\$0
xiii　Epiq Corporate Restructuring, LOther　\$4,131　\$306,099　\$4,131　\$306,099
xiv　Kroll LLC　Other　\$268,284　\$2,085,756　\$268,284　\$2,085,756
xv　Prager Dreifuss AG　Local Counsel　\$38,323　\$101,627　\$38,323　\$101,627
xvi　Eisner Advisory Group LLC　Other　\$65,600　\$65,600　\$65,600　\$65,600
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UST Form 11-MOR (12/01/2021) 4

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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
i　Firm Name
Baker Hostetler LLP　Role
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
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Case 22-50073 Doc 3448 Filed 08/21/24 Entered 08/21/24 22:26:38 Page 8 of 25

xcix

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

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.　set forth under 28 U.S.C. § 1930?　Are you current with quarterly U.S. Trustee fees as　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

08/21/2024

PageFour

In re Ho Wan Kwok　Case No.　22-50073 (JAM)

Debtor　Reporting Period:　7/1/2024 - 7/31/2024
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　\$
14,220.25　\$　38,792,899.51
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　\$
83,370.26　\$　10,302,313.64
Bombardier jet
Net proceeds of sale of shares of Victory Capital Holdings, Inc. held　\$
2,692,924.71　\$　2,692,924.71
by Reverence Capital Partners Opportunities Fund I (Cayman) L.P.

Cash dividends on account of shares of Victory Capital Holdings, Inc.　\$
54,858.88　\$　54,858.88
held by Reverence Capital Partners Opportunities Fund I (Cayman) L.P.

Bank Account Interest　\$
301,805.81　\$　3,802,879.82
Total Receipts　\$
3,147,179.91　\$　118,455,475.46
DISBURSEMENTS
ORDINARY ITEMS:
Bank Fees　\$
6,896.22　\$　84,777.43
Fees paid to International Surety Ltd for surety bond renewal　\$
-　\$　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 Yachtzoo 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)

In re Ho Wan Kwok　Case No.　22-50073 (JAM)

Debtor　Reporting Period:　7/1/2024 - 7/31/2024
Disbursement paid to R.I. Martine Survey (for Lady May II appraisal)　\$　-　\$　700.00
Disbursement paid to Brosnan Risk Consultants LTD (for security
services for HCHK Assignee)　\$　-　\$　57,246.47
Disbursement paid to ARD Facilities Management Group LLC (for
moving and storage services for HCHK)　\$　8,000.00　\$　181,950.00
Disbursement paid to FDS46 Crew Series LLC (Lady May II captain　\$　-　\$　2,130.00
salary)
Disbursement paid to B. Hofmeister Assignee for Benefit of Creditors　\$　-　\$　550,000.00
of HCHK (for settlement payment)
Disbursement paid to Cole Schotz, counsel to Brian W. Hofmeister,
Assignee of HCHK Entities (for preparation and prosecution of the　\$　-　\$　766,758.37
assignment proceedings per settlement order)
Disbursement paid to A. Atkins Appraisal Corp., appraiser to Brian
W. Hofmeister, Assignee of HCHK Entities (for appraisal fees per　\$　-　\$　7,800.00
settlement order)
Disbursement paid to McManimon, Scotland & Baumann, LLC, MSB
counsel to Brian. W. Hofmeister, Assignee of HCHK Entities (for fees
and expenses per settlement order)　\$　-　\$　75,000.00
Disbursement paid to DLA, LLC, financial advisor to Brian. W.
Hofmeister, Assignee of HCHK Entities (for fees per settlement order)　\$　-　\$　155,000.00
Disbursement paid to Prager Dreifuss AG (for advance on Swiss
court fees)　\$　-　\$　5,835.49
Total Ordinary Disbursements　\$　14,896.22　\$　3,526,231.17
REORGANIZATION ITEMS:
Professional Fees
Fees paid with respect to Neubert, Pepe & Monteith PC　1,020,385.47 \$　3,384,686.44
Fees paid with respect to Paul Hastings LLP
Broker fees paid with respect to Edmiston and Company Limited　\$
\$　-
-　\$
\$　31,441,405.54
1,176,250.00
Fees paid with respect to Pullman & Comley, LLC　\$　57,001.40　\$　765,644.67
Fees paid with respect to Epiq Corporate Restructuring LLC　\$　4,131.07　\$　306,098.63
Fees paid with respect to Harney Westwood & Riegels LP　\$　312,048.01　\$　895,847.07
Fees paid with respect to Kroll LLC　\$　268,283.63　\$　2,085,755.84
Fees paid with respect to Pallas Partners LLP　\$　108,147.13　\$　413,964.63
Fees paid with respect to Prager Dreifuss AG　\$　38,322.83　\$　101,626.77
Fees paid with respect to Eisner Advisory Group LLC　\$　65,600.00　\$　65,600.00
U. S. Trustee Fees　\$　14,195.00　\$　302,943.43
Other Reorganization Expenses (attach schedule)　\$　-　\$　-
Total Reorganization Items　\$　1,888,114.54　\$　40,939,823.02
Total Disbursements (Ordinary + Reorganization)　\$　1,903,010.76　\$　44,466,054.19
Financing of Genever Entities
Payment pursuant to DIP Order with respect to financing Genever US　\$　-　\$　25,004.19
invoices for Gallagher Basset Services Inc. (for air monitoring for
asbestos abatement, 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
US counsel fees (Saxe Doernberger & Vita PC)　\$　-　\$　236,452.00
Payment pursuant to DIP Order with respect to financing Genever
US counsel fees (O'Sullivan McCormack Jensen & Bliss PC)　\$　8,134.28　\$　230,263.96
Payment pursuant to DIP Order with respect to financing Genever
BVI corporate fees (Harneys Corporate Services)　\$　-　\$　48,659.58
Payment pursuant to DIP Order with respect to financing Genever
US invoices for ABF Environmental Inc. (for asbestos abatement and
insulation work)　\$　-　\$　121,300.00
Payment pursuant to DIP Order with respect to financing Genever
US invoices for Gustav Restoration LLC (for 50% deposit for work at
The Sherry Netherland)　\$　12,263.62　\$　21,528.99
Payment pursuant to DIP Order with respect to financing Genever
US invoices for Acheson Doyle Partners Architects, PC (for apartment
stabilization work at The Sherry Netherland)　\$　11,450.69　\$　258,929.59
Payment pursuant to DIP Order with respect to financing Genever US
invoices for Catalpa Special Inspections, Inc. (for remediation project at
The Sherry Netherland)　\$　-　\$　2,875.00

In re Ho Wan Kwok　Case No.　22-50073 (JAM)

Debtor　Reporting Period:　7/1/2024 - 7/31/2024
Payment pursuant to DIP Order with respect to financing Genever US　\$
2,141.52　\$　62,590.55
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　\$
-　\$　124,471.06
US invoices for Sciame Homes NY LLC (for general contractor at The
Sherry Netherland)
Payment pursuant to DIP Order with respect to financing Genever　\$
-　\$　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　\$
1,210.00　\$　3,772.00

invoices for U.S. Trustee Fees
Payment pursuant to DIP Order with respect to financing Genever US　\$
25,147.75　\$　84,183.25
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　\$
2,850.00　\$　9,150.00
invoices for ARD Facilities Management Group LLC (for storage
services for The Sherry Netherland)
Payment pursuant to DIP Order with respect to financing Genever US　\$
-　\$　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
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
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
invoices for The Light Touch (for work removing and packaging light
fixtures at The Sherry Netherland)
Payment pursuant to DIP Order with respect to financing Genever US　\$
184,756.59　\$　184,756.59
invoices for J and A Construction Consultants dba Dryfast Property
Restoration (for restoration work at The Sherry Netherland)
Total DIP Financing Items　\$
247,954.45　\$　1,700,958.28

Net Cash Flow (Total Receipts - Total Disbursements - DIP　\$
996,214.70　\$　72,288,462.99
Financing)
Cash - End of Month (Must equal reconciled bank statement)　\$
72,288,442.39　\$　72,288,442.39
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　\$
1,903,010.76

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　\$
1,903,010.76
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, 2024 THROUGH JULY 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]. On June 20, 2024, the Bankruptcy Court entered an amended order [Docket No. 3265] authorizing and approving the liquidation of shares of Victory Capital Holdings, Inc. held by Reverence Capital Partners Opportunities Fund I (Cayman) L.P. and the distribution of the proceeds of such liquidation, as discussed in the Trustee' s related motion [Docket No. 3203] and report of results of sale [Docket No. 3372].
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.

EASTWESTBANK Your financial bridge® Case 22-50073 Doc 3448 Filed 08/21/24 Entered 08/21/24 22:26:38 Page 19 of 25

9300 Flair Dr., 1St FL El Monte, CA. 91731

Direct inquiries to: 888 761-3967

ACCOUNT STATEMENT STARTING DATE: July 01, 2024 ENDING DATE: July 31, 2024 Total days in statement period: 31 Page 1 of 2

( 0)

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

Protecting the security of your account and personal information is our top priority. Learn about our online security best practices and tips on how to protect yourself from cybercrime by visiting eastwestbank.com/privacy-and-security.
Standard Business Checking

Low balance　Account number
Average balance　\$230,291.90
\$587,507.64　Beginning balance
Total additions
Total subtractions
Ending balance　( 4)
( 38)
\$3,325,660.61　\$298,688.24
3,845,374.10
818,401.73

CREDITS
Number　Date　Transaction Description　Additions
07-16　Wire Trans-IN
CHIESA, SHAHINIAN & GIANTOMASI PC A　83,370.26
07-24　Onln Bkg Trft C　FR ACC 05500018816　1,000,000.00
07-24　Deposit　14,220.25
07-31　Wire Trans-IN　REVERENCE CAPITAL PARTNERS OPP ORTU　2,747,783.59
DEBITS
Date　Transaction Description　Subtractions
07-05　Debit Memo　FIDUCIARY MAINTENA NCE　25.00
07-05　Debit Memo　FIDUCIARY COLLATER AL　6,071.22
07-12　Outgoing Fx Ccy　FX OUT WIRE 101461572 1 1 BK EST HO WAN KWOK　22,437.88
07-12　Service Charge　OUTGOING FX CCY WI　40.00
07-12　Outgoing Wire　ARD FACILITIES MAN AGEMENT GROUP LLC　8,000.00
07-12　Service Charge　OUTGOING WIRE　40.00
07-12　Outgoing Wire　ACHESON DOYLE PART NERS ARCHITECTS,　11,450.69
07-12　Service Charge　OUTGOING WIRE　40.00
07-16　Service Charge　WIRE TRANS-IN　10.00
07-19　Outgoing Wire　OSULLIVAN MCCORMAC K JENSEN AND　2,279.08
07-19　Service Charge　OUTGOING WIRE　40.00
07-19　Outgoing Wire　KROLL LLC　96,221.21
07-19　Service Charge　OUTGOING WIRE　40.00
07-23　Outgoing Wire　SKYLINE WINDOWS LL C　2,141.52
07-23　Service Charge　OUTGOING WIRE　40.00
07-23　Outgoing Wire　ARD FACILITIES MAN AGEMENT GROUP LLC　2,850.00
07-23　Service Charge　OUTGOING WIRE　40.00
07-25　Preauth Debit　QUARTERLY FEE PAYMENT 240725 0000　15,405.00
07-25　Preauth Debit　AIGRSCIA WEB PMT 240725　25,147.75
07-31　Service Charge　WIRE TRANS-IN　10.00

ACCOUNT STATEMENT li EASTWESTBANK Your financial bridge® Page 2 of 2 Case 22-50073 Doc 3448 Filed 08/21/24 Entered 08/21/24 22:26:38 Page 20 of 25

9300 Flair Dr., 1St FL STARTING DATE: July 01, 2024 El Monte, CA. 91731 ENDING DATE: July 31, 2024

BK EST/HO WAN KWOK DEBTOR

Date　Transaction Description　Subtractions

07-31　Outgoing Fx Ccy　FX OUT WIRE 101465344 1 1 BK EST HO WAN KWOK　15,884.95
07-31　Service Charge　OUTGOING FX CCY WI　40.00
07-31　Outgoing Wire　EPIQ CORPORATE RES TRUCTURING LLC　4,131.07
07-31　Service Charge　OUTGOING WIRE　40.00
07-31　Outgoing Wire　OSULLIVAN MCCORMAC K JENSEN AND　5,855.20
07-31　Service Charge　OUTGOING WIRE　40.00
07-31　Outgoing Wire　GUSTAV RESTORATION LLC　12,263.62
07-31　Service Charge　OUTGOING WIRE　40.00
07-31　Outgoing Wire　PULLMAN AND COMLEY LLC　57,001.40
07-31　Service Charge　OUTGOING WIRE　40.00
07-31　Outgoing Wire　EISNER ADVISORY GR OUP LLC　65,600.00
07-31　Service Charge　OUTGOING WIRE　40.00
07-31　Outgoing Wire　KROLL LLC　172,062.42
07-31　Service Charge　OUTGOING WIRE　40.00
07-31　Outgoing Wire　J AND A CONSTRUCTI ON CONSULTANTS　184,756.59
07-31　Service Charge　OUTGOING WIRE　40.00
07-31　Intl Wire Xfer　PALLAS PARTNERS LL P - USD OFFICE　108,147.13
07-31　Service Charge　INTL WIRE XFER　50.00
DAILY BALANCES

Date　Amount　Date　Amount　Date　Amount

06-30　298,688.24　07-16　333,943.71　07-24　1,244,512.15
07-05　292,592.02　07-19　235,363.42　07-25　1,203,959.40
07-12　250,583.45　07-23　230,291.90　07-31　3,325,660.61
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
Doc 3448
Filed 08/21/24
Entered 08/21/24 22:26:38

Brian W Hofmeister Assignee Fbo the

Creditors of Hchk Property Management
Law Firm of Brian W Hofmeister
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55-1394
3131 Princeton Pike Building 5 Suite 1'10
Lawrenceville NJ 08648
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Date:07 /24/2024 Account:
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DAmount: 1422025

EASTWESTBANK Your financial bridge® Case 22-50073 Doc 3448 Filed 08/21/24 Entered 08/21/24 22:26:38 Page 23 of 25

9300 Flair Dr., 1St FL El Monte, CA. 91731

Direct inquiries to: 888 761-3967

ACCOUNT STATEMENT STARTING DATE: July 01, 2024 ENDING DATE: July 31, 2024 Total days in statement period: 31 Page 1 of 2

( 0)

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

Protecting the security of your account and personal information is our top priority. Learn about our online security best practices and tips on how to protect yourself from cybercrime by visiting eastwestbank.com/privacy-and-security.
Trustee-Non Vendor MMA

Account number
Low balance
\$68,660,975.97
Average balance
\$70,366,715.46
Interest paid year to date
\$2,042,149.43　Total additions
Ending balance　Beginning balance
( 1)
Total subtractions
( 7)　\$70,993,539.45
301,805.81
2,332,563.48
\$68,962,781.78

CREDITS
Number
Date
07-31　Transaction Description
Interest Credit　Additions
301,805.81
DEBITS
Date
Transaction Description
07-12
Outgoing Wire
07-12
Service Charge
07-24
Onln Bkg Trfn D
07-31
Outgoing Wire
07-31
Service Charge
07-31
Intl Wire Xfer
07-31
Service Charge　NEUBERT, PEPE AND MONTEITH, P.C.-
OUTGOING WIRE
TO ACC 05500018263
NEUBERT, PEPE AND MONTEITH P C
OUTGOING WIRE
HARNEY WESTWOOD & RLEGELS LP
INTL WIRE XFER　Subtractions
-531,485.27
-40.00
-1,000,000.00
-488,900.20
-40.00
-312,048.01
-50.00
DAILY BALANCES
Date
Amount
06-30
70,993,539.45
07-12
70,462,014.18　Date
07-24
07-31　Amount
69,462,014.18
68,962,781.78　Date　Amount
INTEREST INFORMATION
Annual percentage yield earned
Average balance for APY　\$70,366,715.46　5.18%
Interest-bearing days
Interest earned　31
\$301,805.81

ACCOUNT STATEMENT 9300 Flair Dr., 1St FL STARTING DATE: July 01, 2024 El Monte, CA. 91731 ENDING DATE: July 31, 2024 6 li EASTWESTBANK Your financial bridge® Page 2 of 2

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

Case 22-50073
Doc 3448
Filed 08/21/24
Entered 08/21/24 22:26:38　Page 25 of 25
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Date:07 /24/2024 Account:
Amoun 153 .91 Serial: 1007 DAccount:　DAmount:1422025