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Trustee's Report

Trustee's Report

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Published by ragnarisapirate
Ethanex Trustee's Report
Ethanex Trustee's Report

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Published by: ragnarisapirate on Jan 21, 2013
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02/04/2013

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Filed (f) or Converted (c):Claims Bar Date:
Form1
Individual Estate Property Record and ReportAsset Cases
06/30/11
Period Ending:Trustee:
Eric C. Rajala
Asset Description(Scheduled And Unscheduled (u) Property)Petition/UnscheduledValuesEstimated Net Value(Value Determined By Trustee,Less Liens, Exemptions,and Other Costs)PropertyAbandonedOA=§554(a) abandon.DA=§554(c) abandon.Sale/FundsReceived bythe EstateAsset FullyAdministered (FA)/Gross Value ofRemaining Assets
123456
Case Number:
Page: 108-20645-7 RDB07/14/08
Ref. #
Case Name:
Ethanex Energy, Inc.04/24/08
§341(a) Meeting Date:
03/27/08 (f)(360001)
State of Missouri-Air Pollution Control Refund (u)FA40.0040.0040.001Nasdaq Stock Market -Adm Fee Refund (u)FA7,500.007,500.007,500.002Westar Energy Credit Balance (u)FA0.000.0055.783BANK ACCOUNTS - Bank of America ckFA298,676.90298,676.90298,676.904BANK ACCOUNTS - Bank of America money mktFA0.000.0030,639.315BANK ACCOUNTS - Bank of America CDsFA78,497.5178,497.5178,497.516SECURITY DEPOSITS-Kiawah ResortFA3,098.343,098.340.00DA7 SECURITY DEPOSITS - Bonee EnterprisesFA900.00900.000.00DA8 Interest in Ethanex Southern IL, LLC- 85%FA426,813.29Unknown426,813.299Interest in Northeast Kansas LLCFAUnknownUnknown0.00DA10 Interest in Ethanex Energy NA,, IncFAUnknownUnknown0.00DA11  ACCOUNTS RECEIVABLE -Ethanex Southern IL, LLCFA1,370,000.001,370,000.000.00DA12 Contingent securities claim v McGuire Woods LLPCase is set for trial in U.S. District Court in KansasCity, Kansas, in May 2012.UnknownUnknownUnknown0.0013Contingent claim v Receiver of Zahill EstateUnknownUnknownUnknown0.0014 AUTOMOBILES - 06 GMC 1500FA15,000.000.000.00DA15  AUTOMOBILES - 06 GMC EnvoyFA22,500.001,842.950.00DA16
Printed: 07/18/2011 05:28 PM V.12.57
Case 08-20645 Doc# 100 Filed 07/19/11 Page 1 of 17
 
Filed (f) or Converted (c):Claims Bar Date:
Form1
Individual Estate Property Record and ReportAsset Cases
06/30/11
Period Ending:Trustee:
Eric C. Rajala
Asset Description(Scheduled And Unscheduled (u) Property)Petition/UnscheduledValuesEstimated Net Value(Value Determined By Trustee,Less Liens, Exemptions,and Other Costs)PropertyAbandonedOA=§554(a) abandon.DA=§554(c) abandon.Sale/FundsReceived bythe EstateAsset FullyAdministered (FA)/Gross Value ofRemaining Assets
123456
Case Number:
Page: 208-20645-7 RDB07/14/08
Ref. #
Case Name:
Ethanex Energy, Inc.04/24/08
§341(a) Meeting Date:
03/27/08 (f)(360001)
OFFICE EQUIPMENT, FURNISHINGS, AND SUPPLIESFA15,000.0015,000.000.00DA17 OFFICE EQUIPMENT, FURNISHINGS, AND SUPPLIESFA50,000.0050,000.0021,077.0018Sun Life Financial-Premium Refund (u)FA201.00201.00201.0019 Atmos Energy (u)Credit balanceFA77.8877.8877.8820Unused Retainer Fee (u)Shook Hardy & BaconFA1,386.001,386.001,386.0021Unused Retainer Fee (u)Davenport, Evans, Hurwitz & SmithFA755.32755.32755.3222REAL PROPERTY - 1107 Western Rd, Caro, MI (u)FA172,000.000.000.00DA23 Funds from dismissed case 08-20651 Ethanex South (u)FA8,371.718,371.718,371.4724Bank of America Credit Balance (u)Refund of account credit balance on credit cardFA180.48180.48180.4825POTENTIAL PREFERENCE - Kirkland & Ellis (u)Settlement per order dated 2/8/11 Doc #94FA100,000.00100,000.00100,000.0026Contingent claim in Zehill forfeiture case (u) Asset value based on amended Zehil criminalrestitution order, however, additional damages will besought in the forfeiture case.2,518,463.71UnknownUnknown0.0027INTEREST (u)UnknownUnknownN/A4,952.93Int
Printed: 07/18/2011 05:28 PM V.12.57
Case 08-20645 Doc# 100 Filed 07/19/11 Page 2 of 17
 
Filed (f) or Converted (c):Claims Bar Date:
Form1
Individual Estate Property Record and ReportAsset Cases
06/30/11
Period Ending:Trustee:
Eric C. Rajala
Asset Description(Scheduled And Unscheduled (u) Property)Petition/UnscheduledValuesEstimated Net Value(Value Determined By Trustee,Less Liens, Exemptions,and Other Costs)PropertyAbandonedOA=§554(a) abandon.DA=§554(c) abandon.Sale/FundsReceived bythe EstateAsset FullyAdministered (FA)/Gross Value ofRemaining Assets
123456
Case Number:
Page: 308-20645-7 RDB07/14/08
Ref. #
Case Name:
Ethanex Energy, Inc.04/24/08
§341(a) Meeting Date:
03/27/08 (f)(360001)(Excluding unknown values)
$1,936,528.09$979,224.87$2,518,463.7128
AssetsTotals
$2,570,998.43Major Activities Affecting Case Closing:
05/11/11- An amended order of restitution has been entered in the Zehil criminal case, allowing the estate's claim for restitution in the amount of $2,518,463.71.Payment will eventually be made via a distribution from the currency forfeited by Zehil in the criminal case; however, special counsel is filing a petition in the forfeitureaction, seeking an additional distribution in the form of recovery of the proceeds of Zehil's "short swing profits" from the sale of Ethanex stock.Gathering claims, govt bar date 10/14/08.4/29/08-Requested turnover of Bank of America funds.Negotiating to sell Ethanex Energy's 85% interest in Ethanex Southern Illinois, LLC, to Star Ethanol, the 15% owner of the LLC. Negotiating terms of employment of The Edgar Law Firm to represent the Trustee vs. Louis Zehil for securities fraud and the McGuire Woods law firm for professional negligence. Working on sale or auction of furniture, fixtures and equipment, and termination of office leases in Basehor and in South Carolina. All paper business records have been boxed, labelled,and moved into a storage facility, along with computer servers, PCs and laptops. All electronically stored information on the file servers has been archived with BDK,LLP to preserve it for litigation. Working on motion to appoint the trustee as the 401(k) plan administrator for Ethanex Energy, Inc.7/3/08-Application to Employ Edgar Law Firm as Special Counsel.1/28/09-Reviewing claims.5/5/09-Letter to Chadbourne & Parke requesting documentation on POC #8.6/01/09-Documentation on POC #8 received charges appear to be legitimate.7/31/09-Claims reviewed.8/6/09-Letter to Davenport requesting accounting of retainer.8/24/09-Accounting of Davenport retainer received OK per ECR.11/24/09-Motion to Pay Tax Claim Owed by Ethanex Southern Illinois, LLC filed.1/19/10-Preference demand letters sent to Marsh USA, inc, Shook, Hardy & Bacon, and Kirkland & Ellis.
Printed: 07/18/2011 05:28 PM V.12.57
Case 08-20645 Doc# 100 Filed 07/19/11 Page 3 of 17

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