Hays Finanical Consultants Atlanta Georgia


Milton Hall Surgical Associates, LLC

Mr. Hays was appointed as Receiver to manage a medical practice with 12 entities and 150 employees while the business was being marketed for sale. The business was sold in May, 2024.

OGUSA Assignee, Inc. / Omnico Group USA, Inc.

Omnico Group USA, Inc. f/k/a Matra Systems, Inc.  (the “Assignor”) assigned all of its assets to OGUSA Assignee, Inc. (“Assignee”) to be administered for the benefit of the creditors of Assignor  The assets were assigned to the Assignee on June 24, 2022 pursuant to an Assignment for Benefit of Creditors (“ABC”) under Georgia law.

S. Gregory Hays serves as the President of the Assignee and is in the process of liquidating the remaining assets that were assigned by the Assignor. An ABC is a statutory out of court liquidation process. The assets of the company are assigned to a third party fiduciary that is responsible for liquidating the assets, recovering funds, and making a distribution to creditors. All assets are assigned through a Deed of Assignment (“Deed”), which is filed in county property records which transfers the assets from the Assignor to the Assignee. In connection with the Deed, the Assignor signed an affidavit stating under oath that the Deed transferred all assets and property to the Assignee.

The Assignee was appointed on June 27, 2022 and is moving quickly to liquidate assets and gain a detailed understanding of the assets and claims. It is early in the process and the Assignee is  uncertain what funds will be available after payment of administrative expenses to make payment to unsecured creditors.

American Underwriting Services LLC

American Underwriting Services LLC (“AUS”) filed a Voluntary Petition seeking relief under Chapter 11 of the Bankruptcy Code on May 18, 2018.  On June 27, 2018, S. Gregory Hays was appointed as the Chapter 11 Trustee for AUS.

The Trustee has determined that it is no longer feasible for AUS to conduct business operations and the Trustee is accordingly closing the AUS Office and terminating its remaining employees.  The Trustee has also filed a Motion to Convert the AUS Bankruptcy Case to a Chapter 7 Liquidation Case and the Bankruptcy Court has scheduled a hearing for Tuesday, July 31, 2018 to consider this Motion.

AUS is ceasing all business operations effective immediately and will no longer service any policies, bind any coverages or accept any new policies or amendments thereto.  The remaining employees of AUS will be terminated as of July 31, 2018 and no one will be available to address any policy issues after that date.  To the extent that your firm needs to make alternate arrangements to service your insurance needs, you should do so immediately.

 You will receive a notice and claim form after the case is converted.

MLGNL Assignee / Mori Luggage & Gifts

MLG Northlake, Inc. f/k/a Mori Luggage & Gifts, Inc. (“MLG” or the “Assignor“) sold the majority of its assets on February 1, 2018. The proceeds from the sale were used to pay down a portion of its secured debt and all of its remaining assets were assigned to MLGNL Assignee, Inc. (“Assignee“) to be administered for the benefit of the creditors of MLG. The assets were assigned to the Assignee on April 10, 2018 pursuant to an Assignment for Benefit of Creditors (“ABC“) under Georgia law. S. Gregory Hays serves as the President of the Assignee and is in the process of liquidating the remaining assets that were assigned by the Assignor.

Laptop & Desktop Repair, LLC

Hays was appointed as Receiver for this operating business in Reno, Nevada on September 26, 2016.

Trade AM

On August 7, 2013, S. Gregory Hays was appointed Interim Trustee in the Trade AM International bankruptcy case.  For more details please see the documents tab.

March 25, 2014 @ 10:30 am. Hearing scheduled for Trustee’s Motion for Authority to Use Cash Collateral in Order to Pay Certain Tax Claims

Lee’s Famous Recipes

S. Gregory Hays serves as the Liquidating Trustee of Lee’s Famous Recipes.  For additional information please visit the documents tab.

Jova/Daniels/Busby

Jova/Daniels/Busby Inc., one of  Atlanta’s oldest architectural firms, founded in 1966, filed Ch. 7 bankruptcy on January 14, 2013 and Mr. Hays was appointed as the Chapter 7 trustee. The Trustee is in process of investigating the case and determining the status of client engagements.

Alpha Protective Services

Alpha Protective Services, Inc. (“APSI”) filed a Chapter 11 bankruptcy petition on April 12, 2012 and
continued operations during the Chapter 11 with the consent of its primary lender. APSI was allowed to
use the Lender’s cash collateral under strict guidelines to fund business operations including
payroll. After APSI defaulted under the terms of those agreements, the Lender withdrew its consent
and refused to consent to payroll being funded from the cash collateral and Neil Gordon was appointed
as the Chapter 11 trustee( the “Trustee”) on December 18, 2012.
On December 14, 2012, the Bankruptcy Court began the first day of hearings on whether APSI would be
permitted to continue using 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, and the Court
converted the Chapter 11 bankruptcy case to Chapter 7 and Neil Gordon continued to serve as the
Chapter 7 trustee. A copy of the appointment is included under the Docket Tab at
www.haysconsulting.net/Alpha . 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 terminated.
The Trustee’s role is to liquidate all assets, pursue claims from litigation, and t maximize the
distribution to creditors including former employees Since the closure of APSI, the Trustee and his
advisors located and liquidated the assets of the company and is pursuing certain litigation claims. The
Report of Sale and Orders approving settlements are available for review at the Docket Tab.
In addition, the 401(k) plan that was available for certain employees was terminated, and funds were
distributed to participants who provided the plan distribution instructions. The final audit for the 401(k)
plan (covering 2013) will occur this spring.
As of March 1, 2014, a lawsuit filed by the U.S. Department of Labor (“DOL”) is pending against APSI and
the Trustee is working on issues regarding payroll with DOL. The Trustee anticipates filing various
lawsuits to recover funds for the Bankruptcy Estate. After the disposition of these lawsuits, the Trustee
is hopeful that he will be able make a distribution to creditors. At this time, the Trustee cannot predict
when or how much the distribution to creditors will be.
The Trustee will provide further updates on this web site as issues are resolved and the case progresses
in the bankruptcy court.

 

Watch Brokers

International Estate Brokers d/b/a Watch Brokers operated a consignment and retail sales and repair business for luxury watches and related items.  Based in Atlanta, GA the company principally operated its business via the Internet and attracted a national and international clientele.

On September 19, 2012, the Honorable Judge Cynthia Wright of the Superior Court of Fulton County appointed Christopher J. Tierney as the Receiver in response to a Complaint filed by the State of Georgia ex rel. John D. Sours, Administrator of the Fair Business Practices Act.

People who feel that they may have a claim against International Estate Brokers d/b/a Watch Brokers should send an email to the Receiver at watchbrokersreceiver@haysconsulting.net with their complete contact information (name, address, phone number and email address) to assist the Receiver with future communications.