U.s. Bankruptcy court in new york hears nine OMNIBUS objections to claims. Debtors object to being reclassified, compound claims, wrong debtor claims, insufficient support claims, amended and replaced claims, and duplicative claims.
U.s. Bankruptcy court in new york hears nine OMNIBUS objections to claims. Debtors object to being reclassified, compound claims, wrong debtor claims, insufficient support claims, amended and replaced claims, and duplicative claims.
U.s. Bankruptcy court in new york hears nine OMNIBUS objections to claims. Debtors object to being reclassified, compound claims, wrong debtor claims, insufficient support claims, amended and replaced claims, and duplicative claims.
) In re: ) Chapter 11 ) Case No. 10-13800 Innkeepers USA Trust, eta/., ) Jointly Administered ) ) Debtors.) ) Page 1 of 8 07/13/2011 Page 2 of 8 The Honorable Judge Shelley C. Chapman: After reading June 29, 2001 Press Release it states on June 24, 2011 that you" intend to sign off on the hotel companies restructuring." "The plan has the support of Innkeepers secure creditors and more than 90% of its unsecured creditors, according to a company statement." The question I have was the vote that I had to send in to be there June 17, 2011 to be counted on. Was that a legal vote? The reason I asked this was that ( I voted for restructuring ) and June 22, 2011 the day before the Confirmation Hearing: I received in the mail where some debtors have filed the OMNIBUS objection ( each a "disputed claim" ) This is the ninth OMNIBUS objections to claims. This is the first time I got a noticed of the objection. 1) Here is a envelope dated on May 21, 2011. The letter was a ballot enclosed. Stating that I was getting the money. 2) Here is an envelope dated June 15,2011 stating "disallow and expunge." "The basis for objection" "equity interest." My claim was not for holding equity it was for the payment of dividends. 3) The ninth OMNIBUS objection to claims are: ( claims to be reclassified, claims to be adjusted, compound claims to be reclassified, wrong debtor claims to be reclassified, no liability claims, wrong debtor claims, equity claims, insufficient support claims, amended and replaced claims, and duplicative claims.) 4) You can note my claim was not for reclassified. My claim was for dividends. To me it should be reclassified to be dividends. 5) With these ten objection to claims above (in #3) how come in the news Press release that 90 percent that unsecured creditors support the plan according to a company statement. Is this another Apollo inappropriately using the freedom of the press. Date 7/t'J /I (
7J.Sl U.'S. H-<i"'v..>"CJ /I Po-f.:skw.. NY- r3t;; 7 Page 3 of 8 MOTION OF Gareth Tooly FOR ALLOWANCE OF Claim# 1775 for $5,700.00 For Dividends owed: Reclassified to be dividends , hereby files its Motion for Allowance of $5, 700.00 of dividends owe for 3, 600 shares of Innkeepers preferred C stock That I filed on 31912011 claim # 1775 2600 shares $0.50 per quarter. 4 Quarters equal $2.00 a share equal$ 5200.00 1000 shares $0.50 a quarter. 1 quarter equal $500.00 + Total owed $5700.00 is here by ordered and sign Date. _____ _ Sign. ________ _ Innkeepers Judge Approves Bankruptcy Plan, Sales to Cerberus and Chatham - Bloomberg Pagel sf2 tf<f.>liS MARKET SNAPSHOT U.S. :: EUROPE "\ STOXXSO 2,693.73 -1-{).20 0.01% FTSE 100 5,866.68 -2.28 -0.04% DAX 7,198.69 +24.55 0.34% % Gold 1,574.30 +0.77% EUR: USD 1.4045 0.4946% Nasdaq 2,781.91 -0.74% Dow 12,446.90 .0.47% S&P 600 1,313.64 -0.44% FTSE 100 5,866: Anywhere I Professional I Solutions I About Related Naws: Law U.S. Real Estate Want to save this for later? Add it to your Queue! Innkeepers Judge Approves Bankruptcy Plan, Sales to Cerberus and Chatham Q By Tiffany Kmy-Jun 29,2011 5:22PM ET Recommend 7 0 More Print Email Innkeepers USA Trust won final court approval for a reorganization plan that includes a sale of 64 of the company's hotels to Cerberus CapHal Management LP and Chatham Lodging Trust (CLOT), paving Hs way to exit bankruptcy. U.S. Bankruptcy Judge Shelley Chapman approved the plan today, after saying in Manhattan court June 24 that she intended to sign off on the hotel company's restructuring. The plan has the support of Innkeeper's secured creditors and more than 90 percent of its unsecured creditors, according to a company statement. "The successful restructuring of this company and the preservation of 3,500 jobs is a truly remarkable achievement," given the hospHaiHy industry's challenges in 2010, said Innkeepers' Chief Restructuring Officer, Marc A. Beilinson, in a statement. Innkeepers owns 71 hotels in 20 U.S. states, induding Residence Inns by Marriott and Hampton tnns. Lehman Ali, a unit of Lehman Brothers Holdings Inc. (LEHMQ), helped finance the buyout of Innkeepers with a $1.2 billion loan. The company's bankruptcy petition listed assets of $1.5 billion against debt totaling $1.52 billion. The deaf returns Chatham Chief Executive Officer Jeffrey Fisher to Innkeepers, which he founded in 1994 with seven hotels. The company was acquired by Apollo Investment Corp. (AINV) in 2007. Winning Bid At an auction in May, Cerberus and Chatham placed a winning bid of $1.1 billion for the largest group of hotels, topping an offer from Lehman Ali and Five Mile Capital Partners. Chatham, a real estate investment trust based in Palm Beach, Florida, has 10 percent of the joint venture formed with Cerberus, Fisher said. In addition to the 64 hotels, Chatham won another group of five hotels with a bid of $195 million. Two other hotels will be turned over to lenders, according to court papers. Most of Innkeepers' hotel portfolio is made up of extended-stay hotels, according to court papers. Midland loan Services, the special servicer of an $825 million mortgage loan, and Lehman filed objections to Innkeepers' bankruptcy plan and later withdrew them under an agreement announced in court. c Sign in Search News, Quotes and Opinion More Stories Morgan Stanley Changes Year-End Estimate for Rand, South African lnOaUon Turkish Soccer Teams in Match-Fix Probe Can Play In European Tournaments Australian Consumer Confidence Falls to Two-Year Low on EU, Rate Concerns China Home Sales Jump 31% as Homebuyers Defy Curbs Aimed at Cooling Market 1+1 Rate These Stories MoreNaws i A<lveffisement !I Clickheretofindoutmore! I c Most Popular Stories Defaulted Greece May Have to Rescue Trichet Q Updated 45 minutes ago Murdoch Faces Six Probes Into Phone Hacking Q Updated 1 hour ago French Banks Face Greatest Italian Risk Q Updated 1 hour ago China's Economy GrowS 9.5%, Besting Estlmates Q \ Unks- i More Most Popular Stories I Belize Property for Sale ! Belize property at its best Boating Golf and c 1 ' Tennis. $14,000. Umited ! Is Bankruotcy For You? Find Answers to All Your Bankruptcy Questions. Over SOK Cases Filed!
of Silver. New Rpt. YNtW.tnveslmentU.comfSltver \jtRJ Click here to find out more! I I -ll> http://www.bloomberg.com/news/2011-06-29/innkeepers-judge-approves-bankruptcy-plan... 7/13/2011 --'"" -;J. INNKEEPERS USA TRUST, et al. c/o Omni Management Group, LLC. 16161 Ventura-Blvd., Suite C, PMB 606 Encino, CA 91436'-2522 ''
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'\"" ""' c..i';i-S ,.._c:; 11 {1 y=;;"=uhjg_i:?_d.'C -_-- _ _. . z \1 \<'1 " ':) F!r;-.;<:vz.ov:r.::s 021M $()1.28 0008004922 1VAY2i MAILED FROM ZIP CODE 8' 436 f I" \)\
cO Creditor:GARETII TOOL Y Amount:$5,700.00 CaseNo: 10-13800 Debtor: InnkeeperS USA Trust, et al. Your rights are described in the Disclosure Statement. The Disclosure Statement, the Plan, the Disclosure Statement Order, and certain other materials contained in the Solicitation Package are included among the materials you are receiving with this Ballot. Additionally, the Solicitation Package can be obtained (a) from the Debtors' Notice and Claims Agent by: (i) visiting http://www.omnimgt.com/innkeepers; (ii) writing to Innkeepers USA Trust c/o Omni Management Group, LLC, 16161 Ventura Boulevard, Suite C, PMB 606, Encino, California, 91436, or (iii) calling (866) 989-6147; or (b) for a fee via PACER (except for Ballots) at http://www.nysb.uscourts.gov. The Court has approved the Disclosure Statement as containing adequate information as required under section 1125 of the Bankruptcy Code. Court approval of the Disclosure Statement does not indicate approval of the Plan by the Court. This Ballot may not be used for any purpose other than to vote to accept or reject the Remaining Debtor Plan. If you believe you have received this Ballot in error, please contact the Notice and Claims Agent at the address or telephone number set forth above. You should review the Disclosure Statement and the Plan before you vote. You may wish to seek legal advice concerning the Plan and the Plan's classification and treatment of your Claim or Interest. Your Claim or Interest has been placed in Class R4A General Unsecured Claims against the Remaining Debtors Other than Grand Prix Holdings under the Remaining Debtor Plan. Jf you hold Claims or Interests in more than one Class, you will receive a Ballot for each Class in which you are entitled to vote. If the Notice and Claims Agent does not receive your Ballot on or before the Voting Deadline, which is June 17, 2011, at 5:00 p.m. prevailing Eastern Time, and if the Voting Deadline is not extended, at the Debtors' sole discretion, your vote as either an acceptance or rejection of the Remaining Debtor Plan will not count. Jf the Court confirms the Plan, it will bind you regardless of whether you vote. Item 1. Principal Amount of Class R4A General Unsecured Claims against the Remaining Debtors Other than Grand Prix Holdings. The undersigned hereby certifies that as of the Voting Record Date, May 13, 2011, the undersigned was the Holder of a Class R4A Claim against the Debtors in the following amount (insert amount in box below): $5.700.00 and the Form of Certain Documents To Be Distributed in Connection with Solicitation of the Plan; and (D)Proposed Voting and General Tabulation Procedure (the "Disclosure Statement Order"). NID-909-26-C-1175 K&B 18696153.5 2 Innkeepers USA Trust, et al. c/o Omni Management Group, LLC. 16161 Ventura Blvd., Suite C, PMB 606 Encino, CA 91436-2522 ..., PLEASE FORWARD TO PRESIDENT, LEGAL DEPAIUMENT, OR ADDRESSEE.
""' "-- z ";:) PITIIIEY BOWES 02 1M $ 02.68 0008004922 JUN15 2011 MAILED FROM ZIP CODE 91436 -I;) ')>
PLEASE TAKE FURTHER NOTICE of the following important information regarding the Omnibus Objection: By the Omnibus Objection, the Debtors are seeking to disallow, expunge, reclassify, and/or reduce your Claim(s) listed in the table below. USA Trust, et al. Objection Procedures. On March 29, 2011, the United States Bankruptcy Court for the Southern District of New York (the "Court'') entered an order [Docket No. 1 064] approving procedures for filing and resolving objections to Claims asserted against the Debtors in the Chapter 11 Cases (the "Objection Procedures"). Review the Objection Procedures to ensure your response to the Omnibus Objection, if any, is timely and and served. < Resolving Objections. To fi . . bjections, certain of the Debtors' .wi!Hleiivaflable to discuss and potentially resOI . us Objections to ut rums without the need for filing a formal response or attending a o a 1tate such a discussion, please contact Jonathan Zinman at Kirkland & Ellis ebtors' restructuring counsel) by (i) emailing jonathan.zinman@kirkland.com or c mg (212) 446-4852 within 21 calendar days after the date of this Objection Notice. e have your proof(s) of Claim and any related material available for any such discussions all legal matters will be referred to the Debtors' counsel. uired to File a are not able to resolve consensually the Omnibus Objection filed with respect to your proof of claim before the deadline to respond to the Onmibus Objection, you must file a response (each, a "Response") with the Court in accordance with the procedures described below to contest the relief sought in the Omnibus Objection. ABSENT REACHING AN AGREEMENT WITH THE DEBTORS RESOLVING THE OMNIBUS OBJECTION TO A CLAIM, FAILURE TO FILE AND SERVE TIMELY A RESPONSE AS SET FORTH HEREIN OR TO ATTEND THE HEARING SCHEDULED FOR THE OMNIBUS OBJECTION TO A CLAIMANT'S CLAIMS MAY RESULT IN THE COURT GRANTING THE OMNIBUS OBJECTION WITH RESPECT TO SUCH CLAIM WITHOUT FURTHER NOTICE OR HEARING. Response Contents. Each Response must contain the following (at a minimum): a. a caption stating the nrune of the Court, the name of the Debtors, the case number, and the Omnibus Objection to which the Response is directed; b. a concise statement setting forth the reasons why the Court should not grant the Onmibus Objection wi.ll:I respect to such proof of claim, 3 Asserted claim amounts listed as $0.00 reflect that the claim amount asserted is unliquidated.