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Notice of Trustee's Intent to Abandon Asset to: Debtor(s), Creditors and Other Parties in Interest — In re Panthera Enterprises, LLC (Dkt. 471)

Date
2022-09-21

Full text

Page 1 of 2

UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF WEST VIRGINIA

IN RE:

PANTHERA ENTERPRISES, LLC

Case No. 19-00787

Debtor.

Chapter 7

NOTICE OF TRUSTEE'S INTENT TO ABANDON ASSET
TO: DEBTOR(S), CREDITORS AND OTHER PARTIES IN INTEREST

NOTICE is hereby given that, pursuant to the provisions of 11 U.S.C. § 554 (a) that the
Trustee in the above bankruptcy matter intends to abandon an asset of the estate which is
described below. You are FURTHER NOTIFIED that the asset below will be deemed abandoned
on the date this notice was filed, unless a written request for a hearing or a written objection to
the proposed abandonment, stating specific grounds for an objection, is filed with the Clerk of
the United States Bankruptcy Court at P. O. Box 70, Wheeling, WV 26003, and a copy thereof
mailed to the Trustee at the address listed below within FOURTEEN (14) days of the mailing of
this Notice.

Asset Description:

The remaining asset in this case is an unsecured note held by the Trustee that was to be paid to
the Estate by Panthera Training, LLC as it held trainings at the facility it purchased from the
Estate in July of 2021. The original amount of the note was $275,000 and to date only
$78,112.72 in payments have been received. The last payment on the note received by the
Trustee was on September 21, 2022 and the balance of the note has remained at 196,887.28 for
almost three years. The principal of Panthera Training, LLC became increasingly ill in 2023 and
passed away on or about February 2024. The remaining principal, Merle Starer, has since
marketed the property for sale at a price designed to sufficiently cover the secured and unsecured
debt, including the Note held by the Bankruptcy Estate. Starer provided periodic updates on
prospective purchasers and status of offers, many of which seemed promising a year or more
ago. The West Virginnia Economic Development Authority (WVEDA) has a first lien on all of
the real and personal property of the Debtor. The Trustee believes that the value of said assets is
less than the debt owed to WVEDA. At this time, however, the property has very limited
marketability and, if sold, is highly unlikely to sell for an amount sufficient to cover the
unsecured Note held by the Bankruptcy Estate. Because the Estate has been open for more than
six years and no payments have been made on the note in almost three years, the Trustee hereby
abandons it as an asset of the Bankruptcy Estate in order to take steps to wind up and close this
case.

No. 2:19-bk-00787    Doc 471    Filed 11/17/25    Entered 11/17/25 13:36:49    Page 1 of 2

Page 2 of 2

/s/ Aaron C. Amore
Aaron C. Amore, Trustee
WVSB #6455
206 West Liberty Street
P.O. Box 386
Charles Town, WV 25414
(304) 885-4111
aaron@amorelaw.com
No. 2:19-bk-00787    Doc 471    Filed 11/17/25    Entered 11/17/25 13:36:49    Page 2 of 2

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