Case number: 8:24-bk-10732 - 14963 Sierra Bonita Lane, LLC, a Wyoming limited l - California Central Bankruptcy Court

Case Information
  • Case title

    14963 Sierra Bonita Lane, LLC, a Wyoming limited l

  • Court

    California Central (cacbke)

  • Chapter

    11

  • Judge

    Scott C Clarkson

  • Filed

    03/26/2024

  • Last Filing

    05/09/2024

  • Asset

    Yes

  • Vol

    v

Docket Header
PlnDue, DsclsDue, JNTADMN, MEMBER



U.S. Bankruptcy Court
Central District of California (Santa Ana)
Bankruptcy Petition #: 8:24-bk-10732-SC

Assigned to: Scott C Clarkson
Chapter 11
Voluntary
Asset


Date filed:  03/26/2024
341 meeting:  04/30/2024
Deadline for objecting to discharge:  07/01/2024

Debtor

14963 Sierra Bonita Lane, LLC, a Wyoming limited liability company

2618 San Miguel Dr Unit 127
Newport Beach, CA 92660
ORANGE-CA
Tax ID / EIN: 92-2372835

represented by
James C Bastian, Jr

Shulman Bastian Friedman & Bui LLP
100 Spectrum Ctr Dr Ste 600
Irvine, CA 92618
949-340-3400
Email: jbastian@shulmanbastian.com

Melissa Davis Lowe

Shulman Bastian Friedman & Bui LLP
100 Spectrum Ctr Dr Ste 600
Irvine, CA 92618
949-340-3400
Fax : 949-340-3000
Email: mlowe@shulmanbastian.com

U.S. Trustee

United States Trustee (SA)

411 W Fourth St., Suite 7160
Santa Ana, CA 92701-4593
(714) 338-3400
represented by
Kenneth Misken

DOJ-Ust
Office of the United States Trustee
411 W. Fourth Street, #7160
Santa Ana, CA 92701
714-338-3405
Email: Kenneth.M.Misken@usdoj.gov

Queenie K Ng

411 West Fourth St.
Suite 7160
Santa Ana, CA 92701
714-338-3403
Fax : 714-338-3421
Email: queenie.k.ng@usdoj.gov
TERMINATED: 03/27/2024

Latest Dockets

Date Filed#Docket Text
05/09/202437Hearing Held On Motion (RE: related document(s)8 Debtors And Debtors In Possessions Emergency Motion For Entry Of Interim And Final Orders (1) Authorizing Postpetition Use Of Cash Collateral; (2) Granting Adequate Protection; (3) Scheduling A Final Hearing Pursuant To Bankruptcy Rule 4001(b); And (4) Granting Related Relief filed by Debtor 14963 Sierra Bonita Lane, LLC, a Wyoming limited liability company) - HEARING ON MOTOIN OFF CALENDAR - PER ORDERJOINTLY ADMINISTERED WITH LEAD CASE NO. 8:24-BK-10729-SCENTERED 4-8-2024 - (DOCKET NO. 31) (NB8) (Entered: 05/13/2024)
04/11/202436BNC Certificate of Notice - PDF Document. (RE: related document(s)32 Order on Motion to Use Cash Collateral (BNC-PDF)) No. of Notices: 1. Notice Date 04/11/2024. (Admin.) (Entered: 04/11/2024)
04/11/202435Notice Notice of Joint Administration of Cases and Requirements for Filing Documents [with proof of service] Filed by Debtor 14963 Sierra Bonita Lane, LLC, a Wyoming limited liability company (RE: related document(s)31 Order Granting Motion To Approve Joint Administration Of Cases. IT IS ORDERED: The Motion Is GRANTED. (A) Lead Case: 8434 Rochester Ave RE, LLC, A California Limited Liability Company (8:24-bk-10729-SC) Jointly Administered With Member Cases: (B) 14554 Valencia Ave, LLC, A California Limited Liability Company (8:24-bk-10730-SC); (C) 14963 Sierra Bonita Lane, LLC, A Wyoming Limited Liability Company (8:24-bk-10732-SC) - (SEE ORDER FOR FURTHER RULING) (Related Doc 7) Signed on 4/8/2024. (NB8)). (Bastian, James) (Entered: 04/11/2024)
04/10/202434BNC Certificate of Notice - PDF Document. (RE: related document(s)31 Order on Motion For Joint Administration (BNC-PDF)) No. of Notices: 1. Notice Date 04/10/2024. (Admin.) (Entered: 04/10/2024)
04/09/202433Corporate resolution authorizing filing of petitions , Statement of Corporate Ownership filed., List of Equity Security Holders , Statement of Related Cases (LBR Form 1015-2.1) , Summary of Assets and Liabilities for Non-Individual (Official Form 106Sum or 206Sum) , Schedule A/B Non-Individual: Property (Official Form 106A/B or 206A/B) , Schedule D Non-Individual: Creditors Who Have Claims Secured by Property (Official Form 106D or 206D) , Schedule E/F Non-Individual: Creditors Who Have Unsecured Claims (Official Form 106F or 206F) , Schedule G Non-Individual: Executory Contracts and Unexpired Leases (Official Form 106G or 206G) , Schedule H Non-Individual: Your Codebtors (Official Form 106H or 206H) , Declaration Under Penalty of Perjury for Non-Individual Debtors (Official Form 202) , Statement of Financial Affairs for Non-Individual Filing for Bankruptcy (Official Form 107 or 207) , Disclosure of Compensation of Attorney for Debtor (Official Form 2030) Filed by Debtor 14963 Sierra Bonita Lane, LLC, a Wyoming limited liability company (RE: related document(s) Set Case Commencement Deficiency Deadlines (ccdn)). (Bastian, James) (Entered: 04/09/2024)
04/09/202432Interim Order Granting In Part And Denying In Part Debtors And Debtors In Possessions' Emergency Motion For Entry Of Interim And Final Orders (1) Authorizing Postpetition Use Of Cash Collateral; (2) Granting Adequate Protection; (3) Scheduling A Final Hearing Pursuant To Bankruptcy Rule 4001(b); And (4) Granting Related Relief. IT IS ORDERED: 1. The Motion Is GRANTED IN PART AND DENIED IN PART As Described Further Herein Pursuant To 11 U.S.C. Section 363(c)(2)(B). 2. The Debtors Are Authorized To Use Any And All Post-Petition Cash Collateral Of Preferred Bank, A California Banking Corporation ("Lender"), Including Any And All Post-Petition Cash Collateral Consisting Of Rents And Accounts Receivable And Any Cash On Hand Generated From The Debtors' Real Property Assets Described In The Motion (Collectively "Cash Collateral") To Pay Any And All Real Property Taxes Owed On The Properties, The Post-Petition Management Fee Due Property Manager KNL Group, Any Insurance Related To The Properties, All Utilities Related To The Properties (As Necessary And If Not Paid Directly By The Tenants Of The Properties), And Any Other Regular Maintenance Items, As Such Regular Maintenance Items Are Noted In The Budgets Attached As Exhibit 3 To The Motion. Cash Collateral May Not Be Used At This Time, Absent A Further Order Of The Court, To Pay Any Stipend Or Other Funds To Any Manager (Other Than KNL Group As Noted Above) Or To Any Insider, Or To Pay Any Professional Fees. 3. The Debtors' Requests For Lender To Be Ordered To Turnover Pre-Petition Cash Collateral Are DENIED, WITHOUT PREJUDICE, To The Debtors Renewing Their Requests In An Adversary Proceeding. 4. The Cash Collateral Of Each Debtor (From Each Debtor's Underlying Real Property) Shall Only Be Used To Pay The Allowed Expenses (As Detailed And Listed In Paragraph 2 Above) Associated With The Same Debtor/Property Interest. 5. Debtors And All Other Parties In Interest Reserve Any And All Rights That They May Have To Object To The Claims Of The Lender Against The Debtors And Their Estates And To Object To The Validity, Priority And Extent Of The Lender's Liens, If Any, Encumbering The Debtors' Assets. 6. The Debtors Are Authorized To Sign Such Documents And Carry Out Such Actions As Are Consistent With The Purposes Of The Motion, The Budgets, And This Order. 7. Upon Reasonable Request, The Debtors Shall Provide The Lender's Appointed Representative Reasonable Access To The Books And Records And Lender's Collateral As Necessary To Allow Them To Review And Analyze The Budgets And The Assumptions Set Forth In The Motion. 8. This Is An Interim Order. A FINAL HEARING On The Motion And Matters Related To The Use Of Cash Collateral Is Set For MAY 9, 2024, AT 10:00 A.M. In Courtroom 5C Of The Above Court Located At 411 West Fourth Street, Santa Ana, California 92701. 9. Any Further Opposition To The Further Use Of Cash Collateral Is To Be Filed With The Court And Served Upon The Debtors And Their Counsel, The United States Trustee, The Creditor's Committee (If Any) And Its Counsel (If No Creditors Committee), the 20 Largest Unsecured Creditors By April 25, 2024. If No Opposition Is Filed, Any Opposition May Be Deemed Waived. Any Reply Must Be Filed And Served No Later Than May 2, 2024. 10. This Court Retains Exclusive Jurisdiction To Enforce The Provisions Of This Order And To Resolve Any Issues And/Or Disputes Concerning This Order Including, Interpretation Of The Terms, Conditions And Provisions, And All Issues And Disputes Arising In Connection With The Relief Authorized By This Order. (BNC-PDF) (Related Doc 8) Signed on 4/9/2024 (NB8) (Entered: 04/09/2024)
04/08/202431Order Granting Motion To Approve Joint Administration Of Cases. IT IS ORDERED: The Motion Is GRANTED. (A) Lead Case: 8434 Rochester Ave RE, LLC, A California Limited Liability Company (8:24-bk-10729-SC) Jointly Administered With Member Cases: (B) 14554 Valencia Ave, LLC, A California Limited Liability Company (8:24-bk-10730-SC); (C) 14963 Sierra Bonita Lane, LLC, A Wyoming Limited Liability Company (8:24-bk-10732-SC) - (SEE ORDER FOR FURTHER RULING) (Related Doc # 7) Signed on 4/8/2024. (NB8) (Entered: 04/08/2024)
04/02/202430Notice of lodgment [Amended Notice of lodgment of Interim Order Granting in Part Debtors' Emergency Motion for Entry of Interim and Final Orders Authorizing Post Petition Use of Cash Collateral and Related Relief ] Filed by Debtor 14963 Sierra Bonita Lane, LLC, a Wyoming limited liability company (RE: related document(s)8 Motion to Use Cash Collateral Debtors and Debtors in Possessions Emergency Motion for Entry of Interim and Final Orders (1) Authorizing Postpetition Use of Cash Collateral; (2) Granting Adequate Protection; (3) Scheduling a Final Hearing Pursuant To Bankruptcy Rule 4001(b); and (4) Granting Related Relief; Memorandum of Points and Authorities in Support Filed by Debtor 14963 Sierra Bonita Lane, LLC, a Wyoming limited liability company). (Lowe, Melissa) (Entered: 04/02/2024)
04/02/202429Notice of lodgment of Interim Order Granting in Part Debtors' Emergency Motion for Entry of Interim and Final Orders Authorizing Post Petition Use of Cash Collateral and Related Relief Filed by Debtor 14963 Sierra Bonita Lane, LLC, a Wyoming limited liability company (RE: related document(s)8 Motion to Use Cash Collateral Debtors and Debtors in Possessions Emergency Motion for Entry of Interim and Final Orders (1) Authorizing Postpetition Use of Cash Collateral; (2) Granting Adequate Protection; (3) Scheduling a Final Hearing Pursuant To Bankruptcy Rule 4001(b); and (4) Granting Related Relief; Memorandum of Points and Authorities in Support Filed by Debtor 14963 Sierra Bonita Lane, LLC, a Wyoming limited liability company). (Lowe, Melissa) (Entered: 04/02/2024)
04/01/202428Notice of lodgment of Order Granting Motion to Approve Joint Administration of Cases Filed by Debtor 14963 Sierra Bonita Lane, LLC, a Wyoming limited liability company (RE: related document(s)7 Motion for Joint Administration Debtors and Debtors in Possessions Emergency Motion for Order Directing Joint Administration of Related Chapter 11 Cases; Memorandum of Points and Authorities and Declaration of James C. Bastian in Support). (Lowe, Melissa) (Entered: 04/01/2024)