Order Denying Trustee’s Motion for Order Converting Cases to Chapter 11 and for Miscellaneous Related Relief and Setting Status Conference

A status hearing is hereby scheduled for November 14, 2018 at 11:00 a.m. in Courtroom 1-4 of the Charles R. Jonas Federal Building, 401 West Trade Street, Charlotte, NC 28202.

Order Denying Motion to Convert and Setting Status Conference

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Trustee Files Third Interim Fee Applications for Grier Furr & Crisp, PA and Middleswarth Bowers and Company

Joseph W. Grier, III, Trustee, has filed applications for interim compensation for the period of June 1, 2018 through September 30, 2018 to Grier Furr & Crisp, PA, attorneys to the Trustee (“Grier”) and Middleswarth Bowers & Company, accountants to the Trustee (“Bowers”), linked below.

The Trustee seeks approval of interim compensation to Grier in the amounts of $208,453.00 in fees and $6,818.22 in expenses.

The Trustee seeks approval of interim compensation to Bowers in the amounts of $62,097.25 in fees and $19.06 in expenses.

If you do not want the Court to approve one or both of these applications, or if you want the Court to consider your views, then on or before October 30, 2018, you or your attorney must do the following: (1) file a written response explaining your position with the Court; (2) mail, fax, or email a copy of your response to the Trustee; and (3) attend a hearing on your response at 2:00 p.m. on November 26, 2018 in Bankruptcy Courtroom 1-4 in the U.S. Courthouse, 401 West Trade Street, Charlotte, North Carolina.

If you or your attorney do not take these steps, the Court may decide that you do not oppose the relief the Trustee requests and may enter an order approving the applications for compensation.

Siskey- Bowers App for Compensation

Siskey- GFC App For Compensation

Siskey- Notice of Opportunity for Hearing GFC & Bowers Fee App

Sharon Road Properties Auction

On July 19, 2018 the Trustee held an auction of Sharon Road Properties, LLC’s (“SRP”) 32.55% interest in Bissell Porter Siskey, LLC (the “BPS Interest”).   Bissell Porter Siskey, LLC owns a commercial building located at 4521 Sharon Road, Charlotte, NC.   The highest bidder for the BPS Interest was Bissell Porter Four, LLC which bid $3,300,000.   The next highest bidder was Klj Properties, L.L.C which bid $3,150,000.   The closing of the sale is to occur after the entry of a written order approving the sale becomes a final order.   Distribution of the auction proceeds to equity holders of SRP cannot occur until the claims of Stone Street Partners, LLC f/k/a Siskey Capital, LLC, Dawn E. King and Paul G. Porter in the SRP Bankruptcy case are resolved.