---
type: court_doc
id: "court_ctb_3925_0"
court: "CTB"
case_no: "22-50073"
doc_number: 3925
doc_type: "ORDER"
filed_date: "2024-12-23"
lang: "en"
machine_translated: false
url: "https://mubeitech.com/en/court/court_ctb_3925_0"
json_url: "https://mubeitech.com/api/court/court_ctb_3925_0"
---
# Guo Wengui / Miles Guo — bankruptcy case · ORDER · ECF #3925

**Monthly Operating Report — In re Ho Wan Kwok (Miles Guo / Guo Wengui), CTB 22-50073 ECF #3925 (filed 2024-12-23). The Chapter 11 Trustee filed the monthly operating report for the period ending November 30, 2024, reporting a beginning cash balance of $78,227,559, monthly receipts of $269,679, monthly disbursements of $3,324,770, and an ending cash balance of $75,172,468.**


UNITED STATES BANKRUPTCY COURT
DISTRICT OF
BRIDGEPORT DIVISION　CONNECTICUT

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:
11/30/2024
Months Pending:
34　Petition Date:
02/15/2022
Industry Classification:

0　0
Reporting Method:　Accrual Basis　Cash Basis
Debtor's Full-Time Employees (current):
Debtor's Full-Time Employees (as of date of order for relief):　0

Supporting Documentation (check all that are attached):
Statement of cash receipts and disbursements　(For jointly administered debtors, any required schedules must be provided on a non-consolidated basis for each debtor)
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

12/23/2024

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 3925 Filed 12/23/24 Entered 12/23/24 18:30:06 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　\$78,227,559
b.　Total receipts (net of transfers between accounts)　\$269,679　\$128,979,017
c.　Total disbursements (net of transfers between accounts)　\$3,324,770　\$51,441,092
d.　Cash balance end of month (a+b-c)　\$75,172,468
e.　Disbursements made by third party for the benefit of the estate　\$0　\$12,757
f.　Total disbursements for quarterly fee calculation (c+e)　\$3,324,770　\$51,453,849
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) 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
Case 22-50073 Doc 3925 Filed 12/23/24 Entered 12/23/24 18:30:06 Page 3 of 25

Approved
Approved
Paid Current
Paid
Current Month
Cumulative
Month
Cumulative
\$3,230,155
\$46,853,146
\$3,230,155
Debtor's professional fees & expenses (bankruptcy) Aggregate Total
Itemized Breakdown by Firm
Firm Name
Role
i
Neubert, Pepe & Monteith, P.C Local Counsel
\$447,460
\$4,536,436
\$447,460
ii
Paul Hastings LLP (counsel to cLead Counsel
\$2,086,058
\$35,554,118
\$2,086,058
iii
Brown Rudnick (counsel to Ho Lead Counsel
\$0
\$0
\$0
iv
Pullman & Comley, LLC (coun Lead Counsel
\$29,750
\$795,395
\$29,750
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
\$446,092
\$1,341,940
\$446,092
ix
Paul Wright
Other
\$0
\$0
\$0
x
Pallas Partners LLP
Other
\$64,951
\$478,916
\$64,951
xi
Edmiston and Company LimitedOther
\$0
\$1,176,250
\$0
xii
Engineering Operations and CerOther
\$0
\$0
\$0
xiii
Epiq Corporate Restructuring, LOther
\$0
\$306,099
\$0
xiv
Kroll LLC
Other
\$61,684
\$2,373,480
\$61,684
xv
Prager Dreifuss AG
Local Counsel
\$12,416
\$143,169
\$12,416
xvi
Eisner Advisory Group LLC
Other
\$81,744
\$147,344
\$81,744
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

\$46,853,146

\$4,536,436
\$35,554,118
\$0
\$795,395
\$0
\$0
\$0
\$1,341,940
\$0
\$478,916
\$1,176,250
\$0
\$306,099
\$2,373,480
\$143,169
\$147,344

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
Case 22-50073 Doc 3925 Filed 12/23/24 Entered 12/23/24 18:30:06 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.　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
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

12/23/2024

PageFour

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

 Debtor Reporting Period: 11/1/2024 - 11/30/2024

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　\$　-　\$　38,792,899.51
creditors of HCHK pursuant to settlement order
Clark Hill Settlement
Retainer Refund (Kercsmar Collins & O'Hara / Lewis Roca)　\$
\$　-
-　\$
\$　499,000.00
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 Bombardier jet　\$　-　\$　10,302,313.64
Net proceeds of sale of shares of Victory Capital Holdings, Inc.　\$　-　\$　2,692,924.71
held by Reverence Capital Partners Opportunities Fund I (Cayman)
L.P.
Cash dividends on account of shares of Victory Capital Holdings,　\$　-　\$　54,858.88
Inc. 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
Refund received from Pullman & Comley, LLC for overpayment of　\$　-　\$　26,102.00
invoices
Bank Account Interest　\$
\$　269,678.78
269,678.78　\$
\$　4,954,499.95
128,979,016.94
Total Receipts
DISBURSEMENTS
ORDINARY ITEMS:
Bank Fees　\$　6,902.36　\$　112,273.22
Fees paid to International Surety Ltd for surety bond renewal
premium　\$　-　\$　268,747.00
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　\$　-　\$　18,137.64
Yacht 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　\$　-　\$　431,604.00
the 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　\$　-　\$　31,026.98
with sale of Lady May
Disbursement paid to B. Hofmeister Assignee for Benefit of
Creditors of HCHK (for HCHK admin matters and employee　\$　-　\$　76,150.88
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　\$　-　\$　700.00
appraisal)
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　\$　9,975.00　\$　232,150.00
moving and storage services for HCHK and Golden Spring)
Disbursement paid to FDS46 Crew Series LLC (Lady May II

\$　-　\$　2,130.00
captain salary)
Disbursement paid to B. Hofmeister Assignee for Benefit of　\$　-　\$　550,000.00

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

Debtor　Reporting Period:　11/1/2024 - 11/30/2024
Disbursement paid to Cole Schotz, counsel to Brian W.
Hofmeister, Assignee of HCHK Entities (for preparation and　\$
-　\$
766,758.37
prosecution of the 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,　\$
-　\$
75,000.00
MSB 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.　\$
-　\$
155,000.00
Hofmeister, Assignee of HCHK Entities (for fees per settlement
order)
Disbursement paid to Prager Dreifuss AG (for advance on Swiss　\$
-　\$
5,835.49
court fees)
Disbursement paid to Hawk Eye Security LLC (for security
services at Mahwah Mansion)　\$
62,778.42　\$
254,957.61
Disbursement paid to A&A Home Services LLC (for repairs to the　\$
-　\$
17,800.00
373 Taconic property)
Disbursement paid to Next Frontier Advisors (for deposit for　\$
-　\$
11,000.00
virtual staging at the 373 Taconic property)
Disbursement paid to Knight Security Systems (for security system　\$
48.77　\$
1,710.50
installation at the 373 Taconic property)
Disbursement paid to Slocum's Lock & Key LLC (for updating　\$
-　\$
1,932.91
keys and replacing deadbolt at the 373 Taconic property)
Disbursement paid to CT Fence and Landscaping, LLC (for　\$
-　\$
1,277.56
servicing the gate at the 373 Taconic property)
Disbursement paid to Township of Mahwah, NJ (for 675 Ramapo　\$
-　\$
141,930.59
Valley Road real property taxes)
Disbursement paid to Township of Mahwah, NJ (for 675 Ramapo　\$
-　\$
255.09
Valley Road sewer and water taxes)
Disbursement paid to World Insurance Associates LLC (for the　\$
-　\$
75,139.60
373 Taconic property)
Disbursement paid to Tax Collector - Town of Greenwich (for the　\$
-　\$
27,847.85
373 Taconic property real estate tax bill)
Disbursement paid to Rockland Electric (for electric company　\$
-　\$
18,135.38
invoices at 675 Ramapo Valley Road house and gate house )
Disbursement paid to City of Stamford, CT (for tax bills for 2022　\$
-　\$
617.73
and 2023)
Disbursement paid to Seriatim Inc. (for deposit for personal　\$
-　\$
1,800.00
property inventory services at 373 Taconic property)
Disbursement paid to Greenwich Pool Service, LLC (for pool　\$
-　\$
1,254.92
services at 373 Taconic property)
Disbursement paid to PSE&G (for gas utility invoices at 675　\$
1,326.50　\$
1,971.40
Ramapo Valley Road property)
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　\$
851.49　\$
1,701.75
Road property )
Disbursement paid to Optimum (for internet services at 373　\$
-　\$
561.89
Taconic property)
Disbursement paid to Eversource (for electric bill at 373 Taconic　\$
-　\$
2,327.99
property)
Disbursement paid to Central Bank of Cyprus (for test wire in favor　\$
-　\$
100.00
of the District Court of Limassol, Cyprus)
Disbursement paid to Atko Bros Landscaping (for landscaping　\$
-　\$
6,168.30
services at 373 Taconic property)
Disbursement paid to Town of Greenwich (for police security at　\$
2,125.00　\$
7,140.00
373 Taconic property)
Disbursement paid to Peter Shaw (for barrister fees)　\$
-　\$
2,865.19
Disbursement paid to Paul Wright (for barrister fees)　\$
-　\$
6,555.83
Disbursement paid to Kyle Davis Lawn Care, LLC (for　\$
3,326.06　\$
3,326.06
landscaping at Mahwah Mansion)
Disbursement paid to JL Holdings, Inc. (for pool and spa　\$
639.75　\$
639.75
winterization at 675 Ramapo Valley Road property)
Unauthorized fraudulent disbursements
*　\$
6,640.99　\$
6,640.99
Total Ordinary Disbursements　\$
94,614.34　\$
4,199,615.85
REORGANIZATION ITEMS:
Professional Fees
Fees paid with respect to Neubert, Pepe & Monteith PC　\$
447,459.57　\$
4,536,435.85
Fees paid with respect to Paul Hastings LLP　\$
2,086,057.69　\$
35,554,118.06
Broker fees paid with respect to Edmiston and Company Limited \$　-　\$
1,176,250.00

Fees paid with respect to Pullman & Comley, LLC　\$
29,750.10　\$
795,394.77
Fees paid with respect to Epiq Corporate Restructuring LLC　\$
-　\$
306,098.63
Fees paid with respect to Harney Westwood & Riegels LP　\$
446,092.50　\$
1,341,939.57
Fees paid with respect to Kroll LLC　\$
61,684.26　\$
2,373,480.32
\$
64,951.24　\$
478,915.87
Fees paid with respect to Pallas Partners LLP　\$
12,416.03　\$
143,169.22
Fees paid with respect to Prager Dreifuss AG　81,744.00　\$
147,344.00
Fees paid with respect to Eisner Advisory Group LLC　\$
U. S. Trustee Fees　\$
-　\$
Other Reorganization Expenses (attach schedule)　\$
-　\$

Total Reorganization Items　\$
3,230,155.39　\$
388,330.09
47,241,476.38

\* These cash disbursements in the aggregate amount constitute unauthorized disbursements due to forged checks and an unauthorized ACH payment. The account involved was immediately closed upon discovery of the fraudulent activity. The Trustee is working in conjunction with the estate's bank to recover the stolen funds, and has been in communication with the United States Trustee regarding same. As of the date of this MOR, \$690.99 has been reimbursed to the estate's bank account.

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

Debtor　Reporting Period:　11/1/2024 - 11/30/2024
Payment pursuant to DIP Order with respect to financing Genever　\$
-　\$　25,004.19
US 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　\$
10,708.76　\$　245,132.45
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
US invoices for Gustav Restoration LLC (invoices for terrace　\$
-　\$　39,924.43
cleaning project and for deposit for work at The Sherry Netherland)

Payment pursuant to DIP Order with respect to financing Genever　\$
-　\$　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　\$
-　\$　5,750.00
US invoices for Catalpa Special Inspections, Inc. (for remediation
project at The Sherry Netherland)
Payment pursuant to DIP Order with respect to financing Genever　\$
-　\$　122,849.05
US invoices for Skyline Windows LLC (for window replacement at
The Sherry Netherland)
Payment pursuant to DIP Order with respect to financing Genever　\$
-　\$　2,515.01
US invoices for Arista Air Conditioning Corp. (for service repair
proposal at The Sherry Netherland)
Payment pursuant to DIP Order with respect to financing Genever　\$
-　\$　105,526.25
US invoices for The Sherry Netherland, Inc. (for installation of
Payment pursuant to DIP Order with respect to financing Genever　\$
-　\$　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　\$
1,145.86　\$　19,501.92
US invoices for Burnham Nationwide, Inc. (for apartment restoration
at The Sherry Netherland)
Payment pursuant to DIP Order with respect to financing Genever　\$
212.99　\$　8,364.99
US invoices for U.S. Trustee Fees
Payment pursuant to DIP Order with respect to financing Genever
US invoices for AIG insurance premium　\$
-　\$　109,340.00
Payment pursuant to DIP Order with respect to financing Genever　\$
-　\$　29,446.33
US invoices for Hillmann Consulting (for post fire smoke damage
investigation at The Sherry Netherland)
Payment pursuant to DIP Order with respect to financing Genever　\$
2,850.00　\$　20,550.00
US invoices for ARD Facilities Management Group LLC (for storage
services for The Sherry Netherland)
Payment pursuant to DIP Order with respect to financing Genever　\$
-　\$　2,068.63
US invoices for Cleaning Contractors Corp. (for furniture cleaning at
The Sherry Netherland)
Payment pursuant to DIP Order with respect to financing Genever　\$
20,327.50　\$　32,777.50
US 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　\$
-　\$　554,269.78
US 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　\$
-　\$　1,750.00
US invoices for The Light Touch (for work removing and packaging
light fixtures at The Sherry Netherland)
Total DIP Financing Items　\$
35,245.11　\$　2,400,681.40

Net Cash Flow (Total Receipts - Total Disbursements - DIP　\$
(3,090,336.06) \$　75,137,243.31
Financing)

Cash - End of Month (Must equal reconciled bank statement)　\$
75,137,222.69　\$　75,137,222.69

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　\$
3,324,769.73

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　\$
3,324,769.73
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 NOVEMBER 1, 2024 THROUGH NOVEMBER 30, 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 3925 Filed 12/23/24 Entered 12/23/24 18:30:06 Page 19 of 25

Direct inquiries to: 888 761-3967

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

ACCOUNT STATEMENT  Page 1 of 5 STARTING DA TE: November 01, 2024 ENDING DATE: November 30, 2024 Total days in statement period: 3

( 13)

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

Happy holidays from all of us at East West Bank! Thank you for choosing us as your financial bridge. We wish you a joyous and prosperous holiday season and look forward to serving you in the new year. Together, let's reach further.
Standard Business Checking

Account number
Enclosures
Low balance
Average balance　13
\$461,016.83
\$674,802.48　Total additions
Ending balance　Beginning balance
Total subtractions　\$841,291
.91
.00
(0)
380,275.08
(4S)
\$461,016.83

CHECKS
Number

1189　Date
11-01
11-04
11-04
11-07
11 -06
11-18
11 -19　Amount
20,327.50
16.56
253.05
851.49
48.77
3,326.06
2,125.00　Number

2108 *

2111 *
* Skip in check sequence　Date
11-19
11-19
11-18
11-07
11-14
11-21　Amount
52.66
1,004.23
639.75
1,950.00
2,000.00
2,000.00

DEBITS

Date　Transaction Description　Subtractions
11-04 Debit Memo　FIDUCIARY MAINTENA NCE　25.00
11-04 Debit Memo　FIDUCIARY COLLATERAL　6,217.36
11-05 Outgoing Wire　DXX3165P00001860 HAWK EYE SECURITY 031101266 IN RE KWOK, 15,418 70 FOR
HAWKEYE RE　15,418.70
11-07 Outgoing Wire　ARD FACILITIES MAN AGEMENT GROUP LLC　1,975.00
11-07 Service Charge　OUTGOING WIRE　40.00
11-07 Outgoing Wire　ARD FACILITIES MAN AGEMENT GROUP LLC　2,850.00
11-07 Service Charge　OUTGOING WIRE　40.00
11-07 Outgoing Wire　ARD FACILITIES MAN AGEMENT GROUP LLC　8,000.00
11-07 Service Charge　OUTGOING WIRE　40.00
11-13 Outgoing Wire　DXX316DP00003080 BURNHAM NATIONWIDE071000013 REF. RE, 1, 14586 FOR
PROCESS NYC DEP　1,145.86
11-13 Service Charge　OUTGOING WIRE　40.00
11-13 Outgoing Wire　DXX316DP00003075 OSULLIVAN MCCORMAC 021300077 BNF CONT; US· OBI ;REF. IN
RE KWOK,　9,339.94
11-13 Service Charge　OUTGOING WIRE　40.00

Case 22-50073 Doc 3925 Filed 12/23/24 Entered 12/23/24 18:30:06 Page 20 of 25

ACCOUNT STATEMENT I= EASTWESTBANK Your financial bridge®

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

Page 2 of 5 STARTING DATE: November 01, 2024 ENDING DATE: November 30, 2024

Subtractions

BK EST/HO WAN KWOK DEBTOR
Date Transaction Description

11-13 Outgoing Wire　DXX316DP00003069 HAWK EYE SECURITY 031101266 REF. IN RE KWOK 15 ,34939 FOR

HAWK EV　15,349.39
11-13 Service Charge　OUTGOING WIRE　40.00
11-20 Outgoing Fx Ccy　FX OUT WIRE 101488045 1 1 BK EST HO WAN KWOK　12,416.03
11-20 Service Charge　OUTGOING FX CCV WI　40.00
11-20 Outgoing Wire　DXX3174P00001972 OSULLIVAN MCCORMAC 021300077 BNF CONT; UNITED STATES -
OBl;RE KWO　1,368.82
11-20 Outgoing Wire　DXX3174P00001976 HAWK EYE SECURITY 031101266 IN RE KWOK 16,6609 4 FOR
HAWK EYE RE　16,660.94
11-20 Service Charge　OUTGOING WIRE　40.00
11-20 Outgoing Wire　DXX3174P00002200 KROLL LLC 026009593 RE KWOK 61,684.26 FOR KROLL PER ORDE　61,684.26
11-20 Service Charge　OUTGOING WIRE　40.00
11-20 Outgoing Wire　DXX3174P00002204 EISNER ADVISORY GR 026009593 RE KWOK 81,744.00 FOR EISNER
ADVISOR　81,744.00
11-20 Service Charge　OUTGOING WIRE　40.00
11-20 Intl Wire Xfer　BXX3174P00001963 PALLAS PARTNERS LL COUTGB22XXX RE KWOK 64,95124 FOR
PALLAS PARTNERS　64,951.24
11-20 Service Charge　INTL WIRE XFER　50.00
11-22 Preauth Debit　QUARTERLY FEE PAYMENT 241122 0000　212.99
11-22 Preauth Debit　Credit One Bank Payment 241121　690.99
11-27 Outgoing Wire　DXX317BP00003978 HAWK EYE SECURITY 031101266 REF. RE IN RE KWOK, 15,349.39
FOR HA　15,349.39
11-27 Outgoing Wire　DXX317BP00003973 PULLMAN AND COMLEY 026009593 BNF CONT; US - OBI ;REF. RE
IN RE KWO　29,750.10
11-29 Service Charge　OUTGOING WIRE　40.00
11-29 Service Charge　OUTGOING WIRE　40.00

DAILY BALANCES

Date　Amount　Date　Amount　Date　Amount

10-31　841,291.91　11-07　783,238.48　11-20　509,100.30
11-01　820,964.41　11-13　757,283.29　11-21　507,100.30
11-04　814,452.44　11-14　755,283.29　11-22　506,196.32
11-05　799,033.74　11-18　751,317.48　11-27　461,096.83
11-06　798,984.97　11-19　748,135.59　11-29　461,016.83
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 3925 Filed 12/23/24 Entered 12/23/24 18:30:06 Page 23 of 25

Statement Date Page

11/30/2024 5 of 5
EASTWESTBANK Your financial bridge® Case 22-50073 Doc 3925 Filed 12/23/24 Entered 12/23/24 18:30:06 Page 24 of 25

Direct inquiries to: 888 761 -3967

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

ACCOUNT STATEMENT  Page 1 of 2 STARTING DA TE: November 01, 2024 ENDING DATE: November 30, 2024 Total days in statement period: 30

( 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

Happy holidays from all of us at East West Bank! Thank you for choosing us as your financial bridge. We wish you a joyous and prosperous holiday season and look forward to serving you in the new year. Together, let's reach further.
Trustee-Non Vendor MMA

Account number
Low balance
Average balance
Interest paid year to date　\$74,406,527.08
\$75,404,636.58
\$3,
193,769.56　Beginning balance
Total additions
Total subtractions
Ending balance　\$77,386,266.84
269,678.78
( 1)
2,979,739.76
(6)
\$74,676,205.86

CREDITS
Number
Date
11-30　Transaction Description
Interest Credit　Additions
269,678.78
DEBITS
Date
Transaction Description　Subtractions

11 -07 Outgoing Wire　Dxx3161P000033s2 PAUL HASTINGS LLP 322211124 REF 1N RE KWOK 2,0 s6,os1.6s

FOR PAUL　-2,086,057.69
11-07 Service Charge　OUTGOING WIRE　-40.00
11-20 Intl Wire Xfer　BXX3174P00002506 HARNEY WESTWOOD & FCJBVGVGXXX BNF CONT; VG1110 B
RITISH VIRGIN ISLA　-446, 09 2. 50
11-20 Service Charge　INTL WIRE XFER　-50.00
11-21　Outgoing Wire　DXX3175P00001862 NEUBERT, PEPE AND 211170101 BNF CONT; US - OBI ;REF. RE, IN
REKW　-447,459.57
11 -21　Service Charge　OUTGOING WIRE　-40. 00

DAILY BALANCES

Date　Amount　Date　Amount　Date　Amount

10-31　77,386,266.84　11-20　74,854,026.65　11-30　74,676,205.86
11 -07　75,300,
169.15　11 -21　74,406,527.08

INTEREST INFORMATION

Annual percentage yield earned　4.45% Interest-bearing days　30

Average balance for APY　\$75,404,636.58　Interest earned　\$269,678.78

ACCOUNT STATEMENT  Page 2 of 2 STARTING DATE: November 01, 2024 ENDING DATE: November 30, 2024

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

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