Appointed as the Plan Trustee for this golf course and residential community in Georgia.
Appointed as the Receiver for this multi-state pay day loan operation.
Hays was engaged as Accountants and Financial Advisors to the Trustee of the bankruptcy estate of this hedge fund. The Debtor filed bankruptcy as investors were seeking to withdraw their funds. Hays recovered and liquidated assets and prepared a funds tracing database. The case was the subject of a TV consumer investigator’s report on WSBTV.
Hays Assignee Services, LLC, serves as the Assignee under an Assignment for Benefit of Creditors for this software company. Hays is currently managing the winddown and collecting the earnout from the sale of the company.
The Assignee has not collected any distributions pursuant to the sale agreement and the Purchaser does not have any current plan to use the technology. Therefore, a distribution to creditors currently appears unlikely.
Catalyst Natural Gas, LLC (CNG), Catalyst Supply Services, Inc. (CSS), and Catalyst Energy Group, Inc. (CEG), collectively the Debtors, filed voluntary petitions for relief under the reorganization provisions of Chapter 11 of Title 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Northern District of Georgia on October 1, 2008 (the Petition Date), jointly administered under Case No. 08-79390-JB.
The Debtors distributed gas acquired pursuant to a certain ISDA Master Agreement with Constellation Energy Commodities Group and executed a guaranty and security agreement.
On October 21, 2008, the United States Trustee (UST) appointed the Official Committee of Unsecured Creditors of the Debtors (the Committee) and the Committee has actively participated in the Bankruptcy Cases since that date. Between the Petition Date and January 21, 2009, the Debtors managed the affairs as a debtor-in-possession and ceased all business operations other than collecting certain accounts receivable, pursuing notes and investigating other asset recoveries. On January 21, 2009, S. Gregory Hays was appointed Trustee (Trustee) and is engaged in winding up the affairs of the Debtors. Subsequently, both the UST and Committee consented to the Trustee filing a motion to convert the Chapter 11 case to proceedings under Chapter 7. On 2/12/09 (the “Conversion Date”) the case was converted to Chapter 7.