TAKE NOTICE that the Trustee in this case has filed a Bankruptcy Trustee’s Motion for Authority to (A) Make an Interim Distribution on the Stone Street Claim (B) Amend Allowed Base Claims and (C) Make Fifth Interim Distribution on Increased Claims and Application to Pay Interim Compensation to Trustee (this “Motion”). The Motion requests approval for the Trustee: (1) make an interim distribution on the Stone Street Claim in the amount of $1,650,000; (2) to reconsider, amend and increase Base Claims; (3) to make a fifth interim distribution to holders of allowed Base Claims in the aggregate amount of $1,408,472.74; and (4) to pay a Trustee Commission calculated on the interim distribution in the amount of $91,754.81.
If you want the Court to consider your views on the motion, then, on or before October 20, 2021, you should file a response as set forth in the notice of opportunity for hearing linked below.
Joseph W. Grier, III (“Trustee”) has filed papers with the Court seeking an Order allowing interim compensation and reimbursement of expenses for Grier Wright Martinez, PA as attorneys to Trustee for the period November 1, 2020 through April 30, 2021 as follows: $16,202.50 in professional fees and $364.79 in reimbursement of expenses be paid as a cost of administration of the bankruptcy estates of TSI Holdings, LLC, WSC Holdings, LLC and SouthPark Partners, LLC (the “Ponzi Entities”); and
Joseph W. Grier, III (“Trustee”) has filed papers with the Court seeking an Order allowing interim compensation and reimbursement of expenses for Edward Bowers and Middleswarth, Bowers and Co. as accountants to Trustee for the period May 1, 2020 through April 30, 2021 as follows: $5,083.65 in professional fees and $10.60 in reimbursement of expenses be paid as a cost of administration of the bankruptcy estates of TSI Holdings, LLC, WSC Holdings, LLC and SouthPark Partners, LLC (the “Ponzi Entities”).
If you do not want the Court to authorize the compensation and reimbursement of expenses which have been requested, or if you want the Court to consider your views on the request for compensation, then on or before fourteen days after the date of this notice, 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 9:30 a.m.. on June 14, 2021 in JCW Courtroom 2B 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.
The Trustee will send out fourth interim distribution checks the week of January 25, 2021. If you have an address change since the last distribution, please send an email to email@example.com or firstname.lastname@example.org
On December 21, 2020, the Trustee filed a motion with the Bankruptcy Court seeking approval of an interim distribution to holders of allowed claims in the TSI Holdings, LLC, WSC Holdings, LLC, and SouthPark Partners, LLC bankruptcy cases which, if allowed, will bring cumulative distributions to 100% of allowed base claims. The motion, corresponding distribution exhibit, and notice of hearing are linked immediately below.
Upon approval of the trustee’s motion, persons with allowed claims other than in the bankruptcy cases will receive comparable distribution checks from American Legal Claims Services in the amounts listed in the chart linked below.