Alpha Protective Services, Inc. (“APSI”) filed a Chapter 11 bankruptcy petition on April 12, 2012. For the last few months the Bankruptcy Court has permitted APSI to continue its business with the consent of its primary lender who had allowed its cash collateral to be used under strict guidelines to fund the operations of the business, including payroll. After recent defaults by APSI under the terms of those agreements, the lender withdrew its consent and refused to consent to any further payroll being funded from its cash collateral. On December 14, 2012, the Bankruptcy Court began the first day of hearings on whether APSI would be permitted to use the lender’s cash collateral for payroll and other purposes. That hearing concluded after a full day of evidence and legal arguments on December 20, 2012. The Court that day converted the bankruptcy case to Chapter 7 and Neil Gordon was appointed as the Chapter 7 Trustee. A copy of the appointment is included under the Docket tab below. The Court also denied APSI the use of any of the lender’s cash collateral to make payroll or for any other purpose. The result is that APSI was immediately closed and all employees have been terminated. The Trustee’s job is to liquidate such assets and try to make the best possible distribution to creditors including former employees now owed back pay.
|February 19, 2013||Docket #223||Motion to Reject Lease or Executory Contract with Laketree, Inc.|
|February 19, 2013 ||Docket #222||Motion to Reject Lease or Executory Contract with General Electric Capital Corporation |
|February 14, 2013 ||Docket #220 ||Notice of Hearing filed by Trustee Neil C. Gordon |
|February 14, 2013||Docket #219 ||Motion to Reject Lease or Executory Contract with Fred Taylor Company, Inc. |
|February 12, 2013 ||Docket #216 ||Hearing continued with Order of Continuance |
|February 11, 2013 ||Docket #215 ||Order Granting Motion Seeking Allowance of Administrative Expense Claims and Proofs of Claim for Post-petition Wages|
|February 11, 2013||Docket #214 ||Response with no opposition (Notice that the IRS does not Object) |
|February 6, 2013 ||Docket #210 ||Order Granting Application to Employ Fife Whiteside as Special Counsel (Related Doc # 207)|
|February 5, 2013 ||Docket #209 ||Order Granting Motion to Reject Lease or Executory Contract with Earthlink Business (Related Doc #173) |
|February 5, 2013 ||Docket #208 ||Order Granting Motion to Reject Lease or Executory Contract with Pitney Bowes Global Financial Services|
|February 5, 2013 ||Docket #207 ||Application to Employ Fife M. Whiteside, P.C. as Special Counsel filed by Trustee Neil C. Gordon|
|January 29, 2013||Docket #203||Order Authorizing Employment of Auctioneer and Appraiser|
|January 24, 2013||Docket #198 ||Order Granting Motion for Sale of Property Under Section 363(b) (Related Doc #186)|
|January 11, 2013||Docket #188||Amended Motion for Sale of Property Under Section 363(b)(Related Document 186, Motion for Sale of Property)|
|January 10, 2013||Docket #186 ||Motion for Sale of Property Under Section 363(b)|
|January 11, 2013||Docket #8||Withdrawal of Notice for Temporary Restraining Order - Adversary Proceeding|
|January 11, 2013||Docket #188||Amended Motion for Order Approving Asset Purchase|
|December 28, 2012||Docket #171||Withdrawal of Notice of Abandonment|
|January 4, 2013||Docket #2||Motion for Temporary Restraining Order - Adversary Proceeding|
|January 4, 2013||Docket #1||Verified Complaint to Recover Assets - Adversary Proceeding|
|December 21, 2012||Docket #163||Notice of Proposed Abandonment or Disposition of Property|
|December 21, 2012||Docket #s 1 - 161||Docket through 12-21-12|
|December 20, 2012||Docket #157||Notice of Appointment of Ch. 7 Trustee|
|December 20, 2012||Docket #156||Order Converting to Ch. 7|
|December 19, 2012||Docket #153||Order Retaining Arnall Golden Gregory as Counsel to Ch. 7 Trustee|
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