Welcome

REMINDER:  The deadline for submitting claims against the Siskey-Related Debtors is August 23, 2017.  For more information on filing claims in the bankruptcy case, please click the “FILING CLAIMS” tab at the top of this page.

On January 27, 2017, Michael D’Agata, Charlotte Dreibelbis, and Anthony William Packer filed an involuntary petition against TSI Holdings, LLC, thereby initiating a chapter 7 bankruptcy case currently pending before the United States Bankruptcy Court for the Western District of North Carolina as case number 17-30132.  Rick Siskey allegedly operated a Ponzi Scheme through TSI Holdings, LLC.

On February 8, 2017, the Honorable J. Craig Whitley issued an Order Requiring Appointment of Interim Trustee appointing Joseph W. Grier, III (the “Trustee”) of Grier Furr & Crisp, PA as the Interim Trustee for TSI Holdings, LLC.  The Order directs the Trustee to preserve property of, and prevent loss to, the bankruptcy estate and enumerates the following duties:  (1) take possession of the property of TSI Holdings, LLC’s bankruptcy estate; (2) collect and analyze TSI Holdings, LLC’s financial records to identify all property lost through fraudulent transfers and/or preferences, and to bring the property back into the estate for the benefit of creditors; and (3) take all other acts necessary to preserve and protect the property of TSI Holdings, LLC’s bankruptcy estate, including taking possession of property as might be necessary to prevent any further loss to the estate.

Since his appointment as the Trustee for TSI Holdings, LLC, the Trustee has been appointed in other bankruptcy cases for entities related to TSI Holdings, LLC:  WSC Holdings, LLC (Bankr. W.D.N.C. case number 17-30338); SouthPark Partners, LLC (Bankr. W.D.N.C. case number 17-30339); and Sharon Road Properties, LLC (Bankr. W.D.N.C. case number 17-30363).

This website will be the Trustee’s primary means of communication with investors and the public.  The Trustee will use this site to provide updates on the status of the TSI Holdings, LLC bankruptcy (and related legal proceedings) and to post pleadings entered in such actions.  Please be encouraged to post questions on this site, and the Trustee will answer those questions as time and resources allow, with a focus on fielding inquiries that have general applicability to all investors and/or the public.  You may also communicate with the Trustee at tsiholdings@grierlaw.com.  Please check back periodically for additional information.

REMINDER:  The deadline for submitting claims against the Siskey-Related Debtors is August 23, 2017.  For more information on filing claims in the bankruptcy case, please click the “FILING CLAIMS” tab at the top of this page.

Ex Parte Motion for Authority to Enter Into Escrow Agreement and Act as Escrow Agent

PLEASE TAKE NOTICE that Joseph W. Grier, III, the chapter 7 trustee for TSI Holdings, LLC (the “Trustee”), by and through counsel, filed an Ex Parte Motion for Authority to Enter Into Escrow Agreement and Act as Escrow Agent (D.E. 93) on August 3, 2017. The Court subsequently granted that motion and entered the attached Order (D.E. 94) (the “Order”).  The Order authorizes the Trustee to act as escrow agent for the net proceeds generated from the sale of the real property formerly used by Rick Siskey as his primary residence.

If you object to the relief granted in the Order, then, on or before August 18, 2017, you should file a request for hearing with the Court.

NoEEPR – Ex_Parte_Motion_to_Enter_Into_Escrow_Agreement_and_Act_as_Escrow_Agent

Sharon Road Properties, LLC Tax Returns

The Trustee has caused 2016 Federal and State Partnership Income Tax Returns to be prepared and filed for Sharon Road Properties, LLC.  The Trustee has mailed the owners of Sharon Road Properties, LLC Schedule K-1s.

Motion for Protective Order on Documents Subpoenaed from MetLife

On July 5, 2017, the Trustee filed a motion seeking a protective order from the Bankruptcy Court in order to preserve the confidentiality of certain information contained in documents subpoenaed from MetLife.  A hearing on the motion for protective order will be held on July 24, 2017 at 9:30am in Bankruptcy Courtroom 1-4 at 401 W. Trade Street, Charlotte, North Carolina.

DE79 – Motion for Protective Order on MetLife Materials