Stipulation And Agreed Order Modifying Proposed Payments
- Date
- 2019-09-13
Summary
A Stipulation and Agreed Order Modifying Proposed Payments to Creditor West Virginia Paving, Inc. from Proceeds of Sale, In re Panthera Enterprises, LLC, Case No. 2:19-bk-00787, in the United States Bankruptcy Court for the Northern District of West Virginia, signed June 22, 2021 by Judge Paul M. Black and filed as Doc 373. The stipulation between West Virginia Paving, Inc. and Chapter 7 Trustee Aaron C. Amore concerns the Trustee's motion to sell the debtor's real property free and clear of liens under 11 U.S.C. § 363. It states that the creditor will consent to the sale if it receives $30,000.00 in cash at closing and an additional $20,000 from the Note as an administrative expense, with an unsecured deficiency claim of $625,318.65. The order deems the sale motion modified. The 8-page filing includes a certificate of notice and a CM/ECF service list.
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No. 2:19-bk-00787 Doc 373 Filed 06/24/21 Entered 06/25/21 00:37:35 Page 1 of 8
SIGNED: June 22nd, 2021
________________________________
THIS ORDER HAS BEEN ENTERED ON THE DOCKET.
Paul M. Black
PLEASE SEE DOCKET FOR ENTRY DATE.
UNITED STATES BANKRUPTCY JUDGE
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF WEST VIRGINIA
In Re:
PANTHERA ENTERPRISES, LLC, Case No.: 2:19-bk-00787
Chapter 7
Debtor. Judge Paul M. Black
STIPULATION AND AGREED ORDER MODIFYING PROPOSED PAYMENTS
TO CREDITOR WEST VIRGINIA PAVING, INC. FROM PROCEEDS OF SALE
COMES NOW West Virginia Paving, Inc., a secured creditor in this proceeding,
hereinafter WVP, and Aaron C. Amore, the Chapter 7 Trustee, and do agree and stipulate, and do
propose this Stipulation and Agreed Order with respect to the distribution of the proceeds of sale
as the same are embodied in the Trustee’s “Motion For An Order Approving The Sale Of The
Debtor’s Real Property And Novating Certain Government Contracts Free And Clear Of Liens,
Claims, Interests, And Encumbrances Pursuant To 11 U.S.C. § 363” (hereinafter referred to as
“the Sale Motion”), and agreeing to certain other relief as to the Trustee. In support thereof the
parties would say, allege and show unto the Court as follows:
1. The Debtor filed a voluntary petition for relief under Chapter 11 of the
Bankruptcy Code on September 13, 2019. By Order entered on July 21, 2020, the proceeding
was converted to one under Chapter 7 of the Bankruptcy Code, and Aaron C. Amore was
appointed the Chapter 7 Trustee.
No. 2:19-bk-00787 Doc 373 Filed 06/24/21 Entered 06/25/21 00:37:35 Page 2 of 8
2. WVP is a secured party under a Deed of Trust in the principal amount of
$500,000 dated August 21, 2013 and recorded in the Office of the Clerk of the Hardy County
Commission in Trust Deed Book 277 at page 355 upon the Debtor’s 689.40 acre parcel of real
property. WVP's lien is subordinate to West Virginia Economic Development Authority's duly
perfected first lien Deed of Trust against the 689.40 acre parcel. WVP is also the holder of a
Judgment Lien docketed on June 30, 2017, in the amount of $631,647.53 plus costs in the
amount of $278.00, plus interest thereon upon both of the Debtor’s parcels of real property, as
the same are set forth in Judgment Lien Docket 30 at page 143, and as corrected in Judgment
Lien Docket 30 at page 156. Such Judgment Lien is subordinate in priority to the consensual
liens of the West Virginia Economic Development Authority, its own Deed of Trust, Howard
Shockey & Sons Inc., Virginia Heritage Bank, and a tax lien in favor of the State of West
Virginia State Tax Department.
3. The Sale Motion of the Trustee seeks an Order of and from this Court allowing
for the sale of the Debtor’s real property free and clear of liens, with such liens attaching to the
proceeds of sale, as set forth is Sections 363(f)(2), (4) & (5) of the Bankruptcy Code.
4. The undersigned counsel for WVP has been in discussions with the Trustee
regarding the extent of the payments which would flow to WVP as a result of the proposed sale,
and specifically as to the rights of WVP to object to the said sale and to the Trustee’s proposed
distributions to parties which hold junior liens without first satisfying the claims of WVP.
5. Counsel for WVP and the Trustee have stipulated and agreed that, in lieu of the
filing of an Objection by WVP to the Sale Motion which might impair the Trustee’s ability to
consummate the sale, WVP will consent to the proposed sale upon condition that the amounts
proposed to be distributed to WVP as the same are set forth in paragraph 69 of the Sale Motion,
2
No. 2:19-bk-00787 Doc 373 Filed 06/24/21 Entered 06/25/21 00:37:35 Page 3 of 8
and paragraph numbered 4.3(c) of the Asset Purchase Agreement (the “APA”) attached to the
Sale Motion, be modified and amended to provide that WVP shall receive cash at closing in the
amount of Thirty Thousand Dollars ($30,000.00); and an additional Twenty Thousand Dollars
($20,000) from the “Note” referenced in paragraph 73 of the Sale Motion, and paragraph
numbered 4.3(f) of the APA, shall be payable as an administrative expense as the Trustee
receives payments upon the Note, provided, however, that either WVP or the Trustee shall have
the right to seek relief from the Court at any time. In addition, WVP shall have an unsecured
deficiency claim upon its claim number 8 filed with the Clerk of the Court in the amount of
$625,318.65, to be paid as a general unsecured claim.
6. The terms of this Stipulation and Agreed Order are conditioned upon entry of the
Sale Order approving the proposed terms of sale except as modified herein.
Accordingly, it is therefore ORDERED and ADJUDGED that the Trustee’s “Motion For
An Order Approving The Sale Of The Debtor’s Real Property And Novating Certain Government
Contracts Free And Clear Of Liens, Claims, Interests, And Encumbrances Pursuant To 11
U.S.C. § 363” is deemed to be modified by this STIPULATION AND AGREED ORDER.
Respectfully submitted,
/s/ Stephen L. Thompson
Stephen L. Thompson, Esq. (WVSB # 3751)
BARTH & THOMPSON
P.O. Box 129
Charleston, West Virginia 25321
Telephone: (304) 342-7111
Facsimile: (304) 342-6215
E-mail: sthompson@barth-thompson.com
Counsel for West Virginia Paving, Inc.
3
No. 2:19-bk-00787 Doc 373 Filed 06/24/21 Entered 06/25/21 00:37:35 Page 4 of 8
/s/ Aaron C. Amore
Aaron C. Amore, Esq. (WVSB # 6455)
AMORE LAW, PLLC
206 West Liberty Street
Charles Town, WV 25414
Telephone: (304) 885-4111
Facsimile: (866) 417-8796
E-mail: aaron@amorelaw.com
Counsel for Chapter 7 Trustee Aaron C. Amore
4
No. 2:19-bk-00787 Doc 373 United States
Filed 06/24/21Bankruptcy Court 06/25/21 00:37:35 Page 5 of 8
Entered
Northern District of West Virginia
In re: Case No. 19-00787-pmb
Panthera Enterprises, LLC Chapter 7
Debtor
CERTIFICATE OF NOTICE
District/off: 0424-2 User: ad Page 1 of 4
Date Rcvd: Jun 22, 2021 Form ID: pdfdoc Total Noticed: 19
The following symbols are used throughout this certificate:
Symbol Definition
+ Addresses marked '+' were corrected by inserting the ZIP, adding the last four digits to complete the zip +4, or replacing an incorrect ZIP. USPS
regulations require that automation-compatible mail display the correct ZIP.
Notice by first class mail was sent to the following persons/entities by the Bankruptcy Noticing Center on Jun 24, 2021:
Recip ID Recipient Name and Address
db Panthera Enterprises, LLC, 2506 Fishpond Road, Old Fields, WV 26845
aty + Henry G. Swergold, 475 Park Avenue South, 18th Floor, New York, NY 10016-6901
aty + Mark A. Lindsay, 707 Grant Street, Suite 2200, Pittsburgh, PA 15219-1945
aty + Morgan Grossman, 475 Park Avenue South, 18th Floor, New York, NY 10016-6901
aty + Robert M. Sellards, Bailes, Craig, Yon & Sellards, PLLC, 401 10th Street, Suite 500, Huntington, WV 25701-2223
cr + Betty P. Williams, P. O. Box 122, Moorefield, WV 26836-0122
cr + Darrick and Emily Gust, c/o Spencer D. Elliott, Lewis Glasser PLLC, 300 Summers Street Suite 700, Charleston, WV 25301 US
25301-1632
acc + John Lantzy, Smith, Elliott, Kearns & Company, LLC, 19405 Emerald Square, Suite 1400, Hagerstown, MD 21742-3666
acc + Kelly T. Smith, Smith, Elliot, Kearns & Company, LLC, 19405 Emerald Square, Suite 1400, Hagerstown, MD 21742-3666
cr Panthera Training, LLC, 2506 Fish Pond Road, Old Fields, WV 26845
cr + Renick C. Williams, P. O. Box 122, Moorefield, WV 26836-0122
cr + Robert R. Williams, P. O. Box 122, Moorefield, WV 26836-0122
cr + SMI, LLC, 123 East Main Street, 5th Floor, Charlottesville, VA 22902-6800
cr + TR&L, LLC, 123 E. Main Street, 5th Floor, Charlottesville, VA 22902-6800
cr + West Virginia Economic Development Authority, 180 Association DR, Charleston, WV 25311-1217
cr + West Virginia Paving, Inc., c/o Stephen L. Thompson, Barth & Thompson, P. O. Box 129, Charleston, WV 25321 UNITED STATES
25321-0129
cr West Virginia State Tax Department, Bankruptcy Unit, P.O. Box 766, Charleston, WV 25323-0766
TOTAL: 17
Notice by electronic transmission was sent to the following persons/entities by the Bankruptcy Noticing Center.
Electronic transmission includes sending notices via email (Email/text and Email/PDF), and electronic data interchange (EDI). Electronic transmission is in Eastern
Standard Time.
Recip ID Notice Type: Email Address Date/Time Recipient Name and Address
aty + Email/Text: kburkley@bernsteinlaw.com
Jun 22 2021 18:59:00 Bernstein-Burkley, P.C., 707 Grant Street, Suite
2200, Pittsburgh, PA 15219-1945
cr + Email/Text: brapp@wtplaw.com
Jun 22 2021 18:59:00 PJSC Aviation Company Ukrainian Helicopters,
c/o Brandy M. Rapp, Esq., Whiteford, Taylor &
Preston LLP, 10 S. Jefferson Street, Suite 1110,
Roanoke, VA 24011-1314
TOTAL: 2
BYPASSED RECIPIENTS
The following addresses were not sent this bankruptcy notice due to an undeliverable address, *duplicate of an address listed above, *P duplicate of a
preferred address, or ## out of date forwarding orders with USPS.
Recip ID Bypass Reason Name and Address
cr Anthony McIntyre
cr Bruce Hardy
cr Rob Duncan, Manager/Duncan Development Group, LLC
cr Rob Duncan, Manager/TR&L, LLC,, a Virginia Limited Liability Company, Successor to SMI, LLC,, a Virginia Limited Liability
Company
cr Stacie Hardy
cr Timothy Miller
TOTAL: 6 Undeliverable, 0 Duplicate, 0 Out of date forwarding address
District/off:
No. 0424-2
2:19-bk-00787 Doc 373 Filed User: ad
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Page 6 of28of 4
Date Rcvd: Jun 22, 2021 Form ID: pdfdoc Total Noticed: 19
NOTICE CERTIFICATION
I, Joseph Speetjens, declare under the penalty of perjury that I have sent the attached document to the above listed entities
in the manner shown, and prepared the Certificate of Notice and that it is true and correct to the best of my information and
belief.
Meeting of Creditor Notices only (Official Form 309): Pursuant to Fed .R. Bank. P.2002(a)(1), a notice containing the
complete Social Security Number (SSN) of the debtor(s) was furnished to all parties listed. This official court copy contains
the redacted SSN as required by the bankruptcy rules and the Judiciary's privacy policies.
Date: Jun 24, 2021 Signature: /s/Joseph Speetjens
CM/ECF NOTICE OF ELECTRONIC FILING
The following persons/entities were sent notice through the court's CM/ECF electronic mail (Email) system on June 22, 2021 at the address(es) listed below:
Name Email Address
Aaron C. Amore
on behalf of Defendant Panthera Enterprises LLC amorewvt@gmail.com,
aca@trustesolutions.net;jackiewvt@gmail.com;annwvt@gmail.com
Aaron C. Amore
amorewvt@gmail.com aca@trustesolutions.net;jackiewvt@gmail.com;annwvt@gmail.com
Aaron C. Amore
on behalf of Plaintiff Aaron Amore Trustee amorewvt@gmail.com,
aca@trustesolutions.net;jackiewvt@gmail.com;annwvt@gmail.com
Aaron C. Amore
on behalf of Counter-Defendant Panthera Enterprises LLC amorewvt@gmail.com,
aca@trustesolutions.net;jackiewvt@gmail.com;annwvt@gmail.com
Aaron C. Amore
on behalf of Counter-Defendant Aaron Amore Trustee amorewvt@gmail.com,
aca@trustesolutions.net;jackiewvt@gmail.com;annwvt@gmail.com
Aaron C. Amore
on behalf of Trustee Aaron C. Amore amorewvt@gmail.com aca@trustesolutions.net;jackiewvt@gmail.com;annwvt@gmail.com
Aaron C. Amore
on behalf of Counter-Claimant Panthera Enterprises LLC amorewvt@gmail.com,
aca@trustesolutions.net;jackiewvt@gmail.com;annwvt@gmail.com
Aaron C. Amore
on behalf of Plaintiff Panthera Enterprises LLC amorewvt@gmail.com,
aca@trustesolutions.net;jackiewvt@gmail.com;annwvt@gmail.com
Anita M. Swaton
Anita_Swaton@wvnb.uscourts.gov
Brandy M. Rapp
on behalf of Creditor PJSC Aviation Company Ukrainian Helicopters brapp@wtplaw.com twhitt@wtplaw.com
Debra Lee Allen
on behalf of Plaintiff West Virginia Economic Development Authority dallen@spilmanlaw.com
Debra Lee Allen
on behalf of Defendant West Virginia Economic Development Authority dallen@spilmanlaw.com
Debra Lee Allen
on behalf of Creditor West Virginia Economic Development Authority dallen@spilmanlaw.com
Douglas Kahle
on behalf of Creditor Panthera Training LLC dkahle@basnightkinser.com
Douglas Kahle
on behalf of Plaintiff Panthera Training LLC dkahle@basnightkinser.com
Douglas Kahle
on behalf of Defendant Panthera Training LLC dkahle@basnightkinser.com
Douglas Kahle
District/off:
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Date Rcvd: Jun 22, 2021 Form ID: pdfdoc Total Noticed: 19
on behalf of Counter-Claimant Panthera Training LLC dkahle@basnightkinser.com
Elizabeth B. Carroll
elizabeth_carroll@vawb.uscourts.gov
Eric Michael Wilson
on behalf of Creditor West Virginia State Tax Department eric.m.wilson@wv.gov lora.l.rutledge@wv.gov
Gary O. Kinder
on behalf of U.S. Trustee United States Trustee gary.o.kinder@usdoj.gov
James E. Smith, II
on behalf of Plaintiff Betty P. Williams jes2esq@frontiernet.net
James E. Smith, II
on behalf of Creditor Renick C. Williams jes2esq@frontiernet.net
James E. Smith, II
on behalf of Creditor Betty P. Williams jes2esq@frontiernet.net
James E. Smith, II
on behalf of Plaintiff Renick C. Williams jes2esq@frontiernet.net
James E. Smith, II
on behalf of Plaintiff Robert R. Williams jes2esq@frontiernet.net
James E. Smith, II
on behalf of Creditor Robert R. Williams jes2esq@frontiernet.net
John J. Richardson
on behalf of Debtor Panthera Enterprises LLC jrichardson@bernsteinlaw.com
John J. Richardson
on behalf of Attorney Bernstein-Burkley P.C. jrichardson@bernsteinlaw.com
Julia A. Chincheck
on behalf of Counter-Claimant Panthera Training LLC jchincheck@bowlesrice.com
Julia A. Chincheck
on behalf of Plaintiff Panthera Training LLC jchincheck@bowlesrice.com
Julia A. Chincheck
on behalf of Creditor Panthera Training LLC jchincheck@bowlesrice.com
Julia A. Chincheck
on behalf of Defendant Panthera Training LLC jchincheck@bowlesrice.com
Kathy M. Santa Barbara
on behalf of Counter-Claimant TR&L LLC ksantabarbara@yahoo.com, cmarshsblo@yahoo.com
Kathy M. Santa Barbara
on behalf of Defendant TR&L LLC ksantabarbara@yahoo.com, cmarshsblo@yahoo.com
Kathy M. Santa Barbara
on behalf of Creditor SMI LLC ksantabarbara@yahoo.com, cmarshsblo@yahoo.com
Kathy M. Santa Barbara
on behalf of Creditor TR&L LLC ksantabarbara@yahoo.com, cmarshsblo@yahoo.com
Michael R. Proctor
on behalf of Plaintiff Panthera Training LLC mproctor@bowlesrice.com, lcrown@bowlesrice.com
Robert Sellards
on behalf of Creditor Azadian Group LLC rms@bcyon.com
Robert S. Bernstein, Esq
on behalf of Debtor Panthera Enterprises LLC rbernstein@bernsteinlaw.com,
cwirick@bernsteinlaw.com;cwirick@ecf.courtdrive.com;rbernstein@ecf.courtdrive.com
Sabrina B. Lee
sabrina_lee@vawb.uscourts.gov
Salene Rae Mazur Kraemer
on behalf of Debtor Panthera Enterprises LLC skraemer@bernsteinlaw.com, salene@ecf.courtdrive.com,
Spencer D. Elliott
on behalf of Creditor Darrick and Emily Gust selliott@lgcr.com
Stephen L. Thompson
on behalf of Creditor West Virginia Paving Inc. sthompson@barth-thompson.com,
office@barth-thompson.com;chris@barth-thompson.com
Steven L. Thomas
District/off:
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Date Rcvd: Jun 22, 2021 Form ID: pdfdoc Total Noticed: 19
on behalf of Defendant TR&L LLC sthomas@kaycasto.com,
lwalker@kaycasto.com;abrewster@kaycasto.com;nball@kaycasto.com
Steven L. Thomas
on behalf of Defendant SMI LLC sthomas@kaycasto.com,
lwalker@kaycasto.com;abrewster@kaycasto.com;nball@kaycasto.com
Steven L. Thomas
on behalf of Creditor TR&L LLC sthomas@kaycasto.com,
lwalker@kaycasto.com;abrewster@kaycasto.com;nball@kaycasto.com
Steven L. Thomas
on behalf of Creditor SMI LLC sthomas@kaycasto.com, lwalker@kaycasto.com;abrewster@kaycasto.com;nball@kaycasto.com
Travis Alan Knobbe
on behalf of Creditor West Virginia Economic Development Authority tknobbe@spilmanlaw.com dambrose@spilmanlaw.com
United States Trustee
ustpregion04.ct.ecf@usdoj.gov
William J. Leon
on behalf of Counter-Defendant Bill V. Neff Sr. jayleon@comcast.net
William J. Leon
on behalf of Creditor SMI LLC jayleon@comcast.net
William J. Leon
on behalf of Plaintiff Bill V. Neff Sr. jayleon@comcast.net
Zachary James Rosencrance
on behalf of Plaintiff Panthera Training LLC zrosencrance@bowlesrice.com, ajones@bowlesrice.com
Zachary James Rosencrance
on behalf of Defendant Panthera Training LLC zrosencrance@bowlesrice.com, ajones@bowlesrice.com
Zachary James Rosencrance
on behalf of Creditor Panthera Training LLC zrosencrance@bowlesrice.com, ajones@bowlesrice.com
Zachary James Rosencrance
on behalf of Counter-Claimant Panthera Training LLC zrosencrance@bowlesrice.com, ajones@bowlesrice.com
TOTAL: 56
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