---
type: court_doc
id: "court_ctb_3845_0"
court: "CTB"
case_no: "22-50073"
doc_number: 3845
doc_type: "UNKNOWN"
filed_date: "2024-11-21"
lang: "en"
machine_translated: false
url: "https://mubeitech.com/en/court/court_ctb_3845_0"
json_url: "https://mubeitech.com/api/court/court_ctb_3845_0"
---
# Guo Wengui / Miles Guo — bankruptcy case · ECF #3845



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:
10/31/2024　Petition Date:
02/15/2022
Months Pending:
33　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　Balance sheet containing the summary and detail of the assets, liabilities and equity (net worth) or deficit

- 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

11/21/2024

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.

UST Form 11-MOR (12/01/2021) 1
Case 22-50073 Doc 3845 Filed 11/21/24 Entered 11/21/24 09:44:16 Page 2 of 28

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　\$74,594,326
b.　Total receipts (net of transfers between accounts)　\$7,090,200　\$128,709,338
c.　Total disbursements (net of transfers between accounts)　\$3,181,425　\$48,166,322
d.　Cash balance end of month (a+b-c)　\$78,503,100
e.　Disbursements made by third party for the benefit of the estate　\$0　\$12,757
f.　Total disbursements for quarterly fee calculation (c+e)　\$3,181,425　\$48,179,080
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　\$0　\$26,236,348
b.　Total payments to third parties incident to assets being sold/transferred
outside the ordinary course of business　\$0　\$1,160,344
c.　Net cash proceeds from assets sold/transferred outside the ordinary
course of business (a-b)　\$0　\$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

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 3845 Filed 11/21/24 Entered 11/21/24 09:44:16 Page 3 of 28

Part 5: Professional Fees and Expenses

Approved
Current Month　Approved
Cumulative　Paid Current
Month　Paid
Cumulative
Debtor's professional fees & expenses (bankruptcy) Aggregate Total　\$2,973,692　\$43,622,991　\$2,973,692　\$43,622,991
Itemized Breakdown by Firm
Firm Name　Role
i　Neubert, Pepe & Monteith, P.C Local Counsel　\$704,290　\$4,088,976　\$704,290　\$4,088,976
ii　Paul Hastings LLP (counsel to cLead Counsel　\$2,026,655　\$33,468,060　\$2,026,655　\$33,468,060
iii　Brown Rudnick (counsel to Ho Lead Counsel　\$0　\$0　\$0　\$0
iv　Pullman & Comley, LLC (coun Lead Counsel　\$0　\$765,645　\$0　\$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　\$0　\$895,847　\$0　\$895,847
ix　Paul Wright　Other　\$0　\$0　\$0　\$0
x　Pallas Partners LLP　Other　\$0　\$413,965　\$0　\$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　\$0　\$306,099　\$0　\$306,099
xiv　Kroll LLC　Other　\$226,040　\$2,311,796　\$226,040　\$2,311,796
xv　Prager Dreifuss AG　Local Counsel　\$16,707　\$130,753　\$16,707　\$130,753
xvi　Eisner Advisory Group LLC　Other　\$0　\$65,600　\$0　\$65,600
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
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 3845 Filed 11/21/24 Entered 11/21/24 09:44:16 Page 8 of 28

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?　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.　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

11/21/2024

PageFour

In re Ho Wan Kwok

In re Ho Wan Kwok Case No. 22-50073 (JAM)  Debtor Reporting Period: 10/1/2024 - 10/31/2024
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　\$
-　\$
38,792,899.51
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　\$
-　\$
10,302,313.64
Bombardier jet
Net proceeds of sale of shares of Victory Capital Holdings, Inc. held　\$
-　\$
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
held by Reverence Capital Partners Opportunities Fund I (Cayman) L.P.

Cash distribution on account of limited partnership interest held in　\$
-　\$
2,561,150.56
Reverence Capital Partners Opportunities Fund I (Cayman), L.P.

Funds received for sale of Greenwich Taconic property　\$
6,784,668.79　\$
6,784,668.79
Refund received from Pullman & Comley, LLC for overpayment of　\$
26,102.00　\$
26,102.00
invoices
Bank Account Interest　\$
279,429.24　\$
4,684,821.17
Total Receipts　\$
7,090,200.03　\$
128,709,338.16
DISBURSEMENTS
ORDINARY ITEMS:
Bank Fees　\$
7,114.82　\$
105,370.86
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

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

Debtor　Reporting Period:　10/1/2024 - 10/31/2024
Disbursement paid to B. Hofmeister Assignee for Benefit of Creditors
of HCHK (for HCHK admin matters and employee payments)　\$
-　\$
76,150.88
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
winterization and dockage fees)　\$
-　\$
16,384.10
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 and Golden Spring)　\$
9,975.00　\$
222,175.00
Disbursement paid to FDS46 Crew Series LLC (Lady May II captain
salary)　\$
-　\$
2,130.00
Disbursement paid to B. Hofmeister Assignee for Benefit of Creditors
of HCHK (for settlement payment)　\$
-　\$
550,000.00
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　\$
-　\$
7,800.00
W. Hofmeister, Assignee of HCHK Entities (for appraisal fees per
settlement order)
Disbursement paid to McManimon, Scotland & Baumann, LLC, MSB　\$
-　\$
75,000.00
counsel to Brian. W. Hofmeister, Assignee of HCHK Entities (for fees
and expenses per settlement order)
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
Disbursement paid to Hawk Eye Security LLC (for security services
at Mahwah Mansion)　\$
75,754.62　\$
192,179.19
Disbursement paid to A&A Home Services LLC (for repairs to the
373 Taconic property)　\$
-　\$
17,800.00
Disbursement paid to Next Frontier Advisors (for deposit for virtual
staging at the 373 Taconic property)　\$
-　\$
11,000.00
Disbursement paid to Knight Security Systems (for security system
installation at the 373 Taconic property)　\$
199.41　\$
1,661.73
Disbursement paid to Slocum's Lock & Key LLC (for updating keys
and replacing deadbolt at the 373 Taconic property)　\$
-　\$
1,932.91
Disbursement paid to CT Fence and Landscaping, LLC (for servicing
the gate at the 373 Taconic property)　\$
639.46　\$
1,277.56
Disbursement paid to Township of Mahwah, NJ (for 675 Ramapo
Valley Road real property taxes)　\$
69,020.70　\$
141,930.59
Disbursement paid to Township of Mahwah, NJ (for 675 Ramapo
Valley Road sewer and water taxes)　\$
39.55　\$
255.09
Disbursement paid to World Insurance Associates LLC (for the 373
Taconic property)　\$
-　\$
75,139.60
Disbursement paid to Tax Collector - Town of Greenwich (for the
373 Taconic property real estate tax bill)　\$
-　\$
27,847.85
Disbursement paid to Rockland Electric (for electric company
invoices at 675 Ramapo Valley Road house and gate house )　\$
10,496.91　\$
18,135.38
Disbursement paid to City of Stamford, CT (for tax bills for 2022 and
2023)　\$
-　\$
617.73
Disbursement paid to Seriatim Inc. (for deposit for personal property
inventory services at 373 Taconic property)　\$
-　\$
1,800.00
Disbursement paid to Greenwich Pool Service, LLC (for pool services
at 373 Taconic property)　\$
479.92　\$
1,254.92
Disbursement paid to PSE&G (for gas utility invoices at 675 Ramapo
Valley Road property)　\$
-　\$
644.90
Disbursement paid to Town of Greenwich (for alarm registration fee
for 373 Taconic property)　\$
-　\$
30.00
Disbursement paid to Verizon (for services at 675 Ramapo Valley
Road property )　\$
-　\$
850.26
Disbursement paid to Optimum (for internet services at 373 Taconic
property)　\$
204.33　\$
561.89
Disbursement paid to Eversource (for electric bill at 373 Taconic
property)　\$
2,327.99　\$
2,327.99

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

Debtor　Reporting Period:　10/1/2024 - 10/31/2024
Disbursement paid to Central Bank of Cyprus (for test wire in favor　\$　100.00　\$
100.00
of the District Court of Limassol, Cyprus)
Disbursement paid to Atko Bros Landscaping (for landscaping　\$　6,168.30　\$
6,168.30
services at 373 Taconic property)
Disbursement paid to Town of Greenwich (for police security at 373　\$　5,015.00　\$
5,015.00
Taconic property)
Disbursement paid to Peter Shaw (for barrister fees)　\$　2,865.19　\$
2,865.19
Disbursement paid to Paul Wright (for barrister fees)　\$　6,555.83　\$
6,555.83
Total Ordinary Disbursements　\$　196,957.03　\$
4,105,001.51
REORGANIZATION ITEMS:
Professional Fees
Fees paid with respect to Neubert, Pepe & Monteith PC　\$　704,289.84　\$
4,088,976.28
Fees paid with respect to Paul Hastings LLP　\$　2,026,654.83　\$
33,468,060.37
Broker fees paid with respect to Edmiston and Company Limited　\$　-　\$
1,176,250.00

Fees paid with respect to Pullman & Comley, LLC　\$　-　\$
765,644.67
Fees paid with respect to Epiq Corporate Restructuring LLC　\$　-　\$
306,098.63
Fees paid with respect to Harney Westwood & Riegels LP　\$　-　\$
895,847.07
Fees paid with respect to Kroll LLC　\$　226,040.22　\$
2,311,796.06
Fees paid with respect to Pallas Partners LLP　\$　-　\$
413,964.63
Fees paid with respect to Prager Dreifuss AG　\$　16,707.12　\$
130,753.19
Fees paid with respect to Eisner Advisory Group LLC　\$　-　\$
65,600.00
U. S. Trustee Fees　\$　10,776.33　\$
388,330.09

Other Reorganization Expenses (attach schedule)　\$　-　\$

Total Reorganization Items　\$　2,984,468.34　\$
44,011,320.99

Total Disbursements (Ordinary + Reorganization)　\$　3,181,425.37　\$
48,116,322.50
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　\$　-　\$
236,452.00
US counsel fees (Saxe Doernberger & Vita PC)
Payment pursuant to DIP Order with respect to financing Genever　\$　4,159.73　\$
234,423.69
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　\$　-　\$
121,300.00
US invoices for ABF Environmental Inc. (for asbestos abatement and
insulation work)
Payment pursuant to DIP Order with respect to financing Genever　\$　-　\$
39,924.43
US invoices for Gustav Restoration LLC (invoices for terrace cleaning
project and for deposit for work at The Sherry Netherland)

Payment pursuant to DIP Order with respect to financing Genever　\$　16,086.38　\$
316,695.97
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　\$
5,750.00
invoices for Catalpa Special Inspections, Inc. (for remediation project at
The Sherry Netherland)
Payment pursuant to DIP Order with respect to financing Genever US　\$　60,258.50　\$
122,849.05
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　\$　-　\$
105,526.25
invoices for The Sherry Netherland, Inc. (for installation of HVAC

Payment pursuant to DIP Order with respect to financing Genever　\$　163,083.40　\$
352,803.32
US invoices for Sciame Homes NY LLC (for general contractor at The
Sherry Netherland)
Payment pursuant to DIP Order with respect to financing Genever　\$　-　\$
18,356.06
US invoices for Burnham Nationwide, Inc. (for apartment restoration at
The Sherry Netherland)
Payment pursuant to DIP Order with respect to financing Genever US　\$　1,071.91　\$
8,152.00
invoices for U.S. Trustee Fees

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

Debtor　Reporting Period:　10/1/2024 - 10/31/2024
Payment pursuant to DIP Order with respect to financing Genever US　\$
25,156.75　\$
109,340.00
invoices for AIG insurance premium
Payment pursuant to DIP Order with respect to financing Genever US　\$
-　\$
29,446.33
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　\$
17,700.00
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　\$
-　\$
554,269.78
invoices for J and A Construction Consultants dba Dryfast Property
Restoration (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)
Total DIP Financing Items　\$
275,541.67　\$
2,365,436.29
Net Cash Flow (Total Receipts - Total Disbursements - DIP　\$
3,633,232.99　\$
78,227,579.37
Financing)
Cash - End of Month (Must equal reconciled bank statement)　\$
78,227,558.75　\$
78,227,558.75
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　\$
3,181,425.37

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　\$
3,181,425.37
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 OCTOBER 1, 2024 THROUGH OCTOBER 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.
Case 22-50073 Doc 3845 Filed 11/21/24 Entered 11/21/24 09:44:16 Page 20 of 28

EASTWESTBANK Your financial bridge®

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

Direct inquiries to: 888 761-3967

ACCOUNT STATEMENT  Page 1 of 5 STARTING DATE: October 01, 2024 ENDING DATE: October 31, 2024 Total days in statement period: 31

( 8)

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

Receive money using Direct Deposits! Set up direct deposit and have your paycheck or other recurring payments sent to your bank account automatically. Talk to your payer or call 888.895.5650 for more details.
Standard Business Checking

Account number
Enclosures
Low balance
Average balance　\$242,883.00
\$1,131,455.07　Beginning balance
Total additions
Total subtractions
Ending balance　( 3)
(66)　\$720,097.72
6,810,770.79
6,689,576.60
\$841,291.91

CREDITS
Number　Date
10-11
1 0-1 8
10-29　Transaction Description
Wire Trans-IN
Deposit
Wire Trans-IN　80c43e9c-96e2-4d42 -b75f-33eef0920bcd ROSS
JACKMAN NFSCUS3B /ROC/SWF OF 24/10/ 11
f3d92f67-Sf21-4 7 c6 -a396-e63fc 16d 15d8 NEUBERT
PEPE & MON 221970443 TACONIC ROAD　Additions
1,065,000.00
26,102.00
5,719,668.79
CHECKS
Number

1178　Date
10-02
10-01
10-10
10-11　Amount
5,015.00
199.41
3,084.15
351.69　Number

1182　Date
10-22
10-18
10-24
10-21　Amount
3,084.15
204.33
479.92
1,976.30
DEBITS
Date
10-02 Debit Memo
10-02 Debit Memo
10-03 Service Charge
10-03 Service Charge
10-03 Outgoing Wire
10-03 Service Charge
10-03 Outgoing Wire
10-03 Service Charge
10-03 Outgoing Wire　Transaction Description
10-03 Outgoing Fx Ccy
10-03 Outgoing Fx Ccy　FIDUCIARY MAINTENA NCE
FIDUCIARY COLLATERAL
FX OUT WIRE 101478485 1 1 BK EST HO WAN KWOK
OUTGOING FX CCV WI
FX OUT WIRE 101478476 1 1 BK EST HO WAN KWOK
OUTGOING FX CCV WI
OSULLIVAN MCCORMAC K JENSEN AND
OUTGOING WIRE
HAWK EYE SECURITY LLC
OUTGOING WIRE
KROLL LLC　Subtractions
25.00
6,099.82
2,865.19
40.00
6,555.83
40.00
3,148.73
40.00
14,197.12
40.00
131,030.52

Case 22-50073 Doc 3845 Filed 11/21/24 Entered 11/21/24 09:44:16 Page 21 of 28

li EASTWESTBANK Your financial bridge®

ACCOUNT STATEMENT  Page 2 of 5 STARTING DATE: October 01, 2024 ENDING DA TE: October 31, 2024

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

BK EST/HO WAN KWOK DEBTOR

Date　Transaction Description　Subtractions

10-03 Service Charge　OUTGOING WIRE　40.00
10-04 Withdrawal　TLR 8802 BR 8088　7,987.73
10-04 Preauth Debit　AIGRSCIA WEB PIVIT 241004　25,156.75
10-07 Preauth Debit　ROCKLAND EIECTR RECO 241007 59297160000　311.25
10-08 Outgoing Wire　ARD FACILITIES MAN AGEMENT GROUP LLC　1,975.00
10-08 Service Charge　OUTGOING WIRE　40.00
10-08 Outgoing Wire　ARD FACILITIES MAN AGEMENT GROUP LLC　2,850.00
10-08 Service Charge　OUTGOING WIRE　40.00
10-08 Outgoing Wire　ARD FACILITIES MAN AGEMENT GROUP LLC　8,000.00
10-08 Service Charge　OUTGOING WIRE　40.00
10-08 Outgoing Wire　HAWK EYE SECURITY LLC　14,197.78
10-08 Service Charge　OUTGOING WIRE　40.00
10-09 Outgoing Wire　NEUBERT, PEPE AND MONTEITH PC　243,965.44
10-09 Service Charge　OUTGOING WIRE　40.00
10-10 Intl Wire Xfer　P0111348139825 GOVERNMENT GENERAL CBCYCY2NACC RE: IN RE KWOK USD 100 IN
FAVOR OF TH　100.00
10-10 Service Charge　INTL WIRE XFER　50.00
10-11　Service Charge　WIRE TRANS-IN　10.00
10-15 Outgoing Wire　OSUUNAN MCCORMAC K JENSEN AND　1,011.00
10-15 Service Charge　40.00
10-17 Outgoing Wire　OUTGOING WIRE　13,360.00
10-17 Service Charge　ACHESON DOYLE PART NERS　40.00
10-17 Outgoing Wire　OUTGOING WIRE　15,349.39
10-17 Service Charge　HAWK EYE SECURITY LLC　40.00
OUTGOING WIRE　639.46
10-17 Preauth Debit　CT FENCE AND LAN SALE 241017
10-17 Preauth Debit　QUARTERLY FEE PAYMENT 241017 0000　11,848.24
10-23 Outgoing Wire　HAWKE EYE SECURITY LLC　16,660.94
10-23 Service Charge　OUTGOING WIRE　40.00
10-25 Outgoing Wire　SKYLINE WINDOWS LL C　60,258.50
10-25 Service Charge　OUTGOING WIRE　40.00
10-25 Outgoing Wire　KROLL U.C　95,009.70
10-25 Service Charge　OUTGOING WIRE　40.00
10-25 Outgoing Wire　SCIAME HOMES NY LL C　163,083.40
10-25 Service Charge　OUTGOING WIRE　40.00
10-25 Withdrawal　TLR 8807 BR 8088　1,913.39
10-28 Outgoing Fx Ccy　FX OUT WIRE 101482956 1 1 BK EST HO WAN KWOK　16,707.12
10-28 Service Charge　OUTGOING FX CCY WI　40.00
10-28 Preauth Debit　Township of IVlahw 2015295757 241028　39.55
10-28 Preauth Debit　Township of IVlahw 2015295757 241028　69,020.70
10-29 Service Charge　WIRE TRANS-IN　10.00
10-29 Outgoing Wire　ACHESON DOYLE PART NERS ARCHITECTS　2,726.38
10-29 Service Charge　OUTGOING WIRE　40.00
10-29 Outgoing Wire　CATALPA SPECIAL IN SPECTIONS INC　2,875.00
10-29 Service Charge　OUTGOING WIRE　40.00
10-29 Outgoing Wire　HAWK EYE SECURITY LLC　15,349.39
10-29 Service Charge　OUTGOING WIRE　40.00
10-29 Preauth Debit　ROCKLAND EIECTRRECO 241029 59297160000　284.54
10-30 Onln Bkg Trfn D　TO ACC 05500018816　5,719,668.79

I= EASTWESTBANK Your financial bridge® ACCOUNT STATEMENT  Case 22-50073 Doc 3845 Filed 11/21/24 Entered 11/21/24 09:44:16 Page 22 of 28

9300 Flair Dr., 1 St FL

Page 3 of 5 STARTING DATE: October 01, 2024 ENDING DATE: October 31, 2024 El Monte, CA. 91731

BK EST/HO WAN KWOK DEBTOR

DAIL V BALANCES

Date　Amount　Date　Amount　Date　Amount
09-30　720,097.72　10-09　246,117.15　10-22　1,286,030.44
10-01　719,898.31　10-10　242,883.00　10-23　1,269,329.50
10-02　708,758.49　10-11　1,307,521.31　10-24　1,268,849.58
10-03　550,761.10　10-15　1,306,470.31　10-25　948,464.59
10-04　517,616.62　10-17　1,265, 193.22　10-28　862,657.22
10-07　517,305.37　10-18　1,291,090.89　10-29　6,560,960.70
10-08　490,122.59　10-21　1,289,114.59　10-30　841,291.91
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

:
Checking Account  Case 22-50073 Doc 3845 Filed 11/21/24 Entered 11/21/24 09:44:16 Page 24 of 28

Statement Date Page

10/31/2024 5 of 5

Case 22-50073　Doc 3845　Filed 11/21/24　Entered 11/21/24 09:44:16　Page 26 of 28

KON　i based i　P
theatica Gra　क
Serzil MB　Flugrass
con Fibers　Chemical Protectio　ecurity Features　r
Listed b　13　>322070381<
For Deposit at　DOMO
F　CHECK

்　ﺗﻔﺘﺎﺡ ﺍﻟﻤﺪﻳﻨﺔ ﻟﻠﺘﻌ　ഥാനാ  Bigisla　೪ ೯೪  ಸಾವರ್ವ ಮಾಧು ಬಾರುಗ　Results of　East West Bank Only　яга падан
JALES CE　קיין  ושימור  ויינו　על האינו　ន 116 ខណៈ ដោយ ពេល ព្រះ　check alteration:　siya uo papiyond saunteal Ajuntas　Pasadena, CA .
10182024　14213
EELOWN　WOBILE DEPOSIT
ວຍ ລວມກັນວິສະວັນ ປະເທດ　이 모아  대한민　S　0000116970　ואב　CHIS

Case 22-50073
Doc 3845
Filed 11/21/24
EASTWESTBANK Your financial bridge®
9300 Flair Dr., 1 St FL
El Monte, CA. 91731　Entered 11/21/24 09:44:16　Page 27 of 28
Direct inquiries to:
888 761-3967
ACCOUNT STATEMENT
of

STARTING DATE: October 01, 2024
ENDING DATE: October 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　for more details.　Receive money using Direct Deposits!
Set up direct deposit and have your
paycheck or other recurring payments
sent to your bank account automatically.
Talk to your payer or call 888.895.5650
Trustee-Non Vendor MMA
Account number
Low balance
\$71,387,168.81
Average balance
\$72,308,898.65
Interest paid year to date
\$2,924,090.78　Beginning balance
Total additions
Total subtractions
Ending balance　\$73,874,228.04
5,999,098.03
(2)
2,487,059.23
(4)
\$77,386,266.84
CREDITS
Number
Date
Transaction Description
10-30
FR ACC 05500018 263
Onln Bkg Trft C
10-31
Interest Credit　Additions
5,719,668.79
279,429.24
DEBITS
Date
Transaction Description
10-03
Outgoing Wire
NEUBERT. PEPE AND MONTEITH Pc
10-03
Service Charge
ouTGO1NG w1RE
10-09
Outgoing Wire
PAUL HASTINGS LLP
10-09
Service Charge
ouTGO1NG w1RE　Subtractions
-460,324.40
-40.00
-2,026,654.83
-40.00

DAILY BALANCES

Date　Amount　Date　Amount　Date　Amount
09-30　73,874,228.04　10-09　71,387,168.81　10-31　77,386,266.84
10-03　73,413,863.64　10-30　77,
106,837.60
INTEREST INFORMATION

Annual percentage yield earned　4.66% Interest-bearing days　31

Average balance for APY　\$72,308,898.65　Interest earned　\$279,429.24

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

ACCOUNT STATEMENT  Page 2 of 2 STARTING DATE: October 01, 2024 ENDING DATE: October 31, 2024

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