Case number: 1:24-bk-10646 - Synapse Financial Technologies, Inc. - California Central Bankruptcy Court

Case Information
  • Case title

    Synapse Financial Technologies, Inc.

  • Court

    California Central (cacbke)

  • Chapter

    11

  • Judge

    Martin R. Barash

  • Filed

    04/22/2024

  • Last Filing

    08/06/2025

  • Asset

    Yes

  • Vol

    v

Docket Header
DsclsDue, PlnDue



U.S. Bankruptcy Court
Central District of California (San Fernando Valley)
Bankruptcy Petition #: 1:24-bk-10646-MB

Assigned to: Martin R. Barash
Chapter 11
Voluntary
Asset


Date filed:  04/22/2024
341 meeting:  06/10/2024
Deadline for objecting to discharge:  07/15/2024

Debtor

Synapse Financial Technologies, Inc.

21255 Burbank Boulevard
Suite 120
Woodland Hills, CA 91367-0000
LOS ANGELES-CA
Tax ID / EIN: 46-5396710

represented by
Ron Bender

Levene, Neale, Bender, Yoo & Golubchik L.L.P.
2818 La Cienega Avenue
Los Angeles, CA 90034
310-229-1234
Email: rb@lnbyg.com

Monica Y Kim

Levene, Neale, Bender, Yoo & Brill L.L.P.
2818 La Cienega Avenue
Los Angeles, CA 90034
310-229-1234
Email: myk@lnbyg.com

Krikor J Meshefejian

Levene, Neale, Bender, Yoo & Golubchik L.L.P.
2818 La Cienega Avenue
Los Angeles, CA 90034
310-229-1234
Fax : 310-229-1244
Email: kjm@lnbyg.com

Beth Ann R. Young

Levene, Neale, Bender, Yoo & Golubchik L.L.P.
2818 La Cienega Avenue
Los Angeles, CA 90034
310-229-1234
Email: bry@lnbyg.com

Trustee

Jelena McWilliams (TR)

Cravath, Swaine & Moore LLP
Two Manhattan West
375 Ninth Avenue
New York, NY 10001
212-474-7710

represented by
John D Buretta

CRAVATH, SWAINE & MOORE LLP
2 Manhattan West
375 9th Avenue
New York, NY 10001
(212) 474-1000
Fax : (212) 474-3700

Alexander Gerten

Cravath, Swaine & Moore LLP
Two Manhattan West
375 9th Avenue
New York, NY 10001
(212) 474-1000
Fax : (212) 474-3700

Benjamin Gruenstein

CRAVATH, SWAINE & MOORE LLP
2 Manhattan West
375 9th Avenue
New York, NY 10001
(212) 474-1000
Fax : (212) 474-3700

Jane Kim

Keller Benvenutti Kim LLP
425 Market Street
Floor 26
San Francisco, CA 94105
415-364-6793
Email: jkim@kellerbenvenutti.com

Jeremy V Richards

KELLER BENVENUTTI KIM LLP
425 Market Street, 26th Floor
San Francisco, CA 94105
(415) 496-6723
Fax : (650) 636-9251
Email: jrichards@kbkllp.com

Thomas B Rupp

KELLER BENVENUTTI KIM LLP
101 Montgomery St Ste1950
San Francisco, CA 94104
(415) 496-6723
Fax : (650) 636-9251
Email: trupp@kbkllp.com

Paul H Zumbro

CRAVATH, SWAINE & MOORE LLP
2 Manhattan West
375 9th Avenue
New York, NY 10001
(212) 474-1000
Fax : (212) 474-3700

U.S. Trustee

United States Trustee (SV)

915 Wilshire Blvd, Suite 1850
Los Angeles, CA 90017
(213) 894-6811

represented by
Russell Clementson

915 Wilshire Blvd., Suite 1850
Los Angeles, CA 90017
213-894-4505
Fax : 213-894-0276
Email: russell.clementson@usdoj.gov

Creditor Committee

Official Committee of Unsecured Creditors of Synapse Financial Technologies, Inc.
represented by
Zev Shechtman

Saul Ewing LLP
1888 Century Park East
Suite 1500
Los Angeles, CA 90067
310-255-6130
Fax : 310-255-6200
Email: Zev.Shechtman@saul.com

Latest Dockets

Date Filed#Docket Text
08/06/2025610Notice Transfer of Secured Claim With Proof of Service Filed by Creditor SLFAQ SYN LLC. (Golden, Jeffrey) (Entered: 08/06/2025)
08/06/2025609Stipulation By Evolve Bank & Trust and Jelena McWilliams, Chapter 11 Trustee, for Evolve Bank & Trust to House Certain Data and to Modify Stipulated Protective Order with Proof of Service Filed by Interested Party Evolve Bank & Trust (Poitras, David) (Entered: 08/06/2025)
08/04/2025608Movant's Response to Evolve Bank & Trust's Opposition to Motion to Compel Compliance with Rule 2004 Subpoena; Request for Clarification and Leave to Seek Supplemental Relief. [EDB FILING] Filed by Creditor Justin Newbern (RE: related document(s)597 Opposition to (related document(s): 594 Motion filed by Creditor Justin Newbern) Evolve Bank & Trust's Opposition to Motion to Compel Compliance with Rule 2004 Subpoena Issued to Evolve Bank & Trust; Declaration of Edward Somers in Support Thereof with Proof of Service Filed by Interested Party Evolve Bank & Trust). (PG) (Entered: 08/04/2025)
08/01/2025607Motion to Extend Time - Request For Extension Of Time To Rile Reply To Evolve Bank & Trust's Opposition To Motion To Compel Filed by Creditor Justin Newbern [EDB FILED DOCUMENT] (LF1) (Entered: 08/01/2025)
08/01/2025606Withdrawal re: Notice of Withdrawal and Withdrawal of Evolve Bank & Trust's Limited Opposition to Motion for Relief from the Automatic Stay as to Personal Property Filed by Amazon Web Services, Inc. (with proof of service) Filed by Interested Party Evolve Bank & Trust (RE: related document(s)554 Opposition). (Poitras, David) (Entered: 08/01/2025)
07/31/2025605Request for courtesy Notice of Electronic Filing (NEF) Filed by Salvato, Gregory. (Salvato, Gregory) (Entered: 07/31/2025)
07/30/2025604Transcript regarding Hearing Held 05/14/24 RE: DEBTOR'S EMERGENCY MOTION FOR AN ORDER (A) APPROVING SALE OF SUBSTANTIALLY ALL OF THE DEBTOR'S ASSETS FREE AND CLEAR OF ALL LIENS, CLAIMS, INTERESTS AND ENCUMBRANCES; (B) APPROVING ASSUMPTION AND ASSIGNMENT OF UNEXPIRED LEASES AND EXECUTORY CONTRACTS AND DETERMINING CURE AMOUNTS; (C) WAIVING THE 14-DAY STAY PERIODS OF BANKRUPTCY RULES 6004(h) AND 6006(d); AND (D) GRANTING RELATED RELIEF DEBTOR'S EMERGENCY MOTION FOR ENTRY OF AN ORDER: (I) AUTHORIZING THE CONTINUED USE OF ITS CASH MANAGEMENT SYSTEM; (II) AUTHORIZING THE MAINTENANCE OF CERTAIN PRE-PETITION BANK ACCOUNTS; AND (III) AUTHORIZING BANKS TO RELEASE ADMINISTRATIVE HOLDS AND/OR FREEZES ON THE DEBTOR'S PRE-PETITION ACCOUNTS EMERGENCY MOTION OF EVOLVE BANK & TRUST (EVOLVE) FOR AN ORDER DIRECTING THE DEBTOR TO RESTORE EVOLVES ACCESS TO THE DEBTORS DASHBOARD SYSTEM; OR, ALTERNATIVELY, AUTHORIZING EVOLVE TO CLOSE ALL OF THE DEBTORS DEMAND DEPOSIT ACCOUNTS AT EVOLVE ASSOCIATED WITH DEBTORS PROGRAMS DEBTOR'S EMERGENCY MOTION FOR ENTRY OF AN INTERIM ORDER: (I) AUTHORIZING THE DEBTOR TO USE CASH COLLATERAL; (II) GRANTING ADEQUATE PROTECTION; (III) SCHEDULING A FINAL HEARING; AND (IV) GRANTING RELATED RELIEF. Remote electronic access to the transcript is restricted until 10/28/2025. The transcript may be viewed at the Bankruptcy Court Clerk's Office on a public terminal
or
purchased through the Transcription Service Provider before the transcript access restriction has ended. [TRANSCRIPTION SERVICE PROVIDER: BRIGGS REPORTING COMPANY, INC., Telephone number 310-410-4151.]. Notice of Intent to Request Redaction Deadline Due By 8/6/2025. Redaction Request Due By 08/20/2025. Redacted Transcript Submission Due By 09/2/2025. Transcript access will be restricted through 10/28/2025. (Steinhauer, Holly) (Entered: 07/30/2025)
07/30/2025603Transcript regarding Hearing Held 05/13/24 RE: DEBTOR'S EMERGENCY MOTION FOR AN ORDER (A) APPROVING SALE OF SUBSTANTIALLY ALL OF THE DEBTOR'S ASSETS FREE AND CLEAR OF ALL LIENS, CLAIMS, INTERESTS AND ENCUMBRANCES; (B) APPROVING ASSUMPTION AND ASSIGNMENT OF UNEXPIRED LEASES AND EXECUTORY CONTRACTS AND DETERMINING CURE AMOUNTS; (C) WAIVING THE 14-DAY STAY PERIODS OF BANKRUPTCY RULES 6004(h) AND 6006(d); AND (D) GRANTING RELATED RELIEF DEBTOR'S EMERGENCY MOTION FOR APPROVAL OF COMPROMISE OF CONTROVERSY WITH EVOLVE BANK & TRUST PURSUANT TO RULE 9019 OF THE FEDERAL RULES OF BANKRUPTCY PROCEDURE DEBTOR'S EMERGENCY MOTION FOR ENTRY OF AN ORDER: (I) AUTHORIZING THE CONTINUED USE OF ITS CASH MANAGEMENT SYSTEM; (II) AUTHORIZING THE MAINTENANCE OF CERTAIN PRE-PETITION BANK ACCOUNTS; AND (III) AUTHORIZING BANKS TO RELEASE ADMINISTRATIVE HOLDS AND/OR FREEZES ON THE DEBTOR'S PRE-PETITION ACCOUNTS DEBTOR'S EMERGENCY MOTION FOR ENTRY OF AN INTERIM ORDER: (I) AUTHORIZING THE DEBTOR TO USE CASH COLLATERAL; (II) GRANTING ADEQUATE PROTECTION; (III) SCHEDULING A FINAL HEARING; AND (IV) GRANTED RELATED RELIEF EMERGENCY MOTION OF EVOLVE BANK & TRUST (EVOLVE) FOR AN ORDER DIRECTING THE DEBTOR TO RESTORE EVOLVES ACCESS TO THE DEBTORS DASHBOARD SYSTEM; OR, ALTERNATIVELY, AUTHORIZING EVOLVE TO CLOSE ALL OF THE DEBTORS DEMAND DEPOSIT ACCOUNTS AT EVOLVE ASSOCIATED WITH DEBTORS PROGRAMS. Remote electronic access to the transcript is restricted until 10/28/2025. The transcript may be viewed at the Bankruptcy Court Clerk's Office on a public terminal
or
purchased through the Transcription Service Provider before the transcript access restriction has ended. [TRANSCRIPTION SERVICE PROVIDER: BRIGGS REPORTING COMPANY, INC., Telephone number 310-410-4151.]. Notice of Intent to Request Redaction Deadline Due By 8/6/2025. Redaction Request Due By 08/20/2025. Redacted Transcript Submission Due By 09/2/2025. Transcript access will be restricted through 10/28/2025. (Steinhauer, Holly) (Entered: 07/30/2025)
07/30/2025602Transcript regarding Hearing Held 05/09/24 RE: DEBTOR'S EMERGENCY MOTION FOR AN ORDER (A) APPROVING SALE OF SUBSTANTIALLY ALL OF THE DEBTOR'S ASSETS FREE AND CLEAR OF ALL LIENS, CLAIMS, INTERESTS AND ENCUMBRANCES; (B) APPROVING ASSUMPTION AND ASSIGNMENT OF UNEXPIRED LEASES AND EXECUTORY CONTRACTS AND DETERMINING CURE AMOUNTS; (C) WAIVING THE 14-DAY STAY PERIODS OF BANKRUPTCY RULES 6004(h) AND 6006(d); AND (D) GRANTING RELATED RELIEF DEBTOR'S EMERGENCY MOTION FOR APPROVAL OF COMPROMISE OF CONTROVERSY WITH EVOLVE BANK & TRUST PURSUANT TO RULE 9019 OF THE FEDERAL RULES OF BANKRUPTCY PROCEDURE DEBTOR'S FIRST OMNIBUS MOTION FOR ENTRY OF AN ORDER AUTHORIZING REJECTION OF EXECUTORY CONTRACTS AND UNEXPIRED LEASES DEBTOR'S EMERGENCY MOTION FOR ENTRY OF AN ORDER: (I) AUTHORIZING THE CONTINUED USE OF ITS CASH MANAGEMENT SYSTEM; (II) AUTHORIZING THE MAINTENANCE OF CERTAIN PRE-PETITION BANK ACCOUNTS; AND (III) AUTHORIZING BANKS TO RELEASE ADMINISTRATIVE HOLDS AND/OR FREEZES ON THE DEBTOR'S PRE-PETITION ACCOUNTS DEBTOR'S EMERGENCY MOTION FOR ENTRY OF AN INTERIM ORDER: (I) AUTHORIZING THE DEBTOR TO USE CASH COLLATERAL; (II) GRANTING ADEQUATE PROTECTION; (III) SCHEDULING A FINAL HEARING; AND (IV) GRANTED RELATED RELIEF. Remote electronic access to the transcript is restricted until 10/28/2025. The transcript may be viewed at the Bankruptcy Court Clerk's Office on a public terminal
or
purchased through the Transcription Service Provider before the transcript access restriction has ended. [TRANSCRIPTION SERVICE PROVIDER: BRIGGS REPORTING COMPANY, INC., Telephone number 310-410-4151.]. Notice of Intent to Request Redaction Deadline Due By 8/6/2025. Redaction Request Due By 08/20/2025. Redacted Transcript Submission Due By 09/2/2025. Transcript access will be restricted through 10/28/2025. (Steinhauer, Holly) (Entered: 07/30/2025)
07/29/2025601Notice of Withdrawal of Appearance Filed by Creditor TriplePoint Capital, LLC (RE: related document(s)24 Notice of Appearance and Request for Notice // Notice of Appearance and Request for Service of Papers by Jason D Strabo Filed by Creditor TriplePoint Capital, LLC.). (Strabo, Jason) (Entered: 07/29/2025)