Case number: 1:24-bk-12236 - LJB LLC - Massachusetts Bankruptcy Court

Case Information

Case title
LJB LLC
Court
Massachusetts (mabke)
Chapter
11
Judge
Janet E. Bostwick
Filed
11/07/2024
Last Filing
06/12/2025
Asset
Yes
Vol
v

Docket Header

NTCAPR

United States Bankruptcy Court
District of Massachusetts (Boston)
Bankruptcy Petition #: 24-12236

Assigned to: Judge Janet E. Bostwick
Chapter 11
Voluntary
Asset

Date filed:	11/07/2024
341 meeting:	12/09/2024

Debtor LJB LLC PO Box 450557 Waltham, MA 02454 Tax ID / EIN: 93-2133452	represented by	Gary W. Cruickshank Law Office of Gary W. Cruickshank 101 Federal Street Suite 1900 Boston, MA 02110 617-330-1960 Email: gwc@cruickshank-law.com
Assistant U.S. Trustee Richard King - B Office of the US Trustee J.W. McCormack Post Office & Courthouse 5 Post Office Sq., 10th Fl, Suite 1000 Boston, MA 02109 617-788-0400	represented by	Justin Kesselman ArentFox Schiff LLP 800 Bolylston Street Prudential Tower 32nd Floor Boston, MA 02199 617-973-6144 Email: justin.a.kesselman@usdoj.gov TERMINATED: 05/19/2025 Heather Sprague US Dept of Justice Office of the US Trustee 5 PO Square Suite 1000 Boston, MA 02109-3934 617 788 0400 Email: Heather.Sprague@usdoj.gov
Trustee Mark G. DeGiacomo Mark G. Degiacomo, Trustee Harris Beach Murtha Cullina PLLC 33 Arch Street, 12th Floor Boston, MA 02110 617-457-4000	represented by	Jonathan Horne Harris Beach Murtha Cullina PLLC 33 Arch Street 12th Floor Boston, MA 02110 617-457-4085 Email: jhorne@harrisbeachmurtha.com

Latest Dockets

Date Filed	#	Docket Text
06/12/2025	123	Supplemental Document: Revised Proposed Sale Order (Re: 94 Motion to Sell) filed by Trustee Mark G. DeGiacomo (Attachments: # 1 Redline Comparison Against Proposed Order Filed at Docket No. 117) (Horne, Jonathan) (Entered: 06/12/2025)
06/10/2025	122	Proceeding Memorandum and Order dated 6/10/2025 Re: 94 Motion filed by Trustee Mark G. DeGiacomo for Sale of Property free and clear of liens under Section 363(f) Re: Real properties located at 550/560/570 Moody St., 11 Alder St., 10 Myrtle St. and 90 Cherry St., Waltham, MA . HEARING HELD ON JUNE 10, 2025. AT THE HEARING, THE COURT FOUND THAT THE THREE BIDDERS WERE QUALIFIED. THE COURT PERMITTED FURTHER BIDDING TO DETERMINE THE HIGHEST AND BEST BID, CONSISTING OF A ROUND OF SEALED BIDDING FOLLOWED BY AN AUCTION BETWEEN THE TWO HIGHEST BIDDERS. AFTER A ROUND OF SEALED BIDS, THE TRUSTEE IDENTIFIED THE TWO HIGHEST BIDS AS THE BID OF WILLIAM B. KAPLAN IN THE AMOUNT OF $9,290,001, AND THE BID OF RCG, LLC, IN THE AMOUNT OF $9,011,565. THE OTHER BID WAS SUBMITTED BY SANJEEV JAIN IN THE AMOUNT OF $9,000,000. MR. JAIN DID NOT PARTICIPATE IN FURTHER BIDDING. AFTER AN AUCTION BETWEEN KAPLAN AND RCG, THE TRUSTEE ACCEPTED, AND THE COURT APPROVED, THE BID OF KAPLAN IN THE AMOUNT OF $9,290,001 AS THE HIGHEST BID. THE COURT FOUND THAT KAPLAN WAS A GOOD FAITH PURCHASER WITHIN THE MEANING OF SECTION 363(M) OF THE CODE. THE TRUSTEE SHALL BY JUNE 12, 2025, FILE A REVISED PROPOSED ORDER AND EMAIL THE PROPOSED ORDER IN WORD FORMAT TO JEB@MAB.USCOURTS.GOV. (Telam, Usbc) (Entered: 06/10/2025)
06/10/2025	121	Proceeding Memorandum and Order dated 6/10/2025 Re: 82 Expedited Motion filed by Trustee Mark G. DeGiacomo for Use of Cash Collateral. HEARING HELD ON JUNE 10, 2025. FOR THE REASONS SET FORTH ON THE RECORD, THE MOTION IS GRANTED IN PART ON AN INTERIM BASIS. THE TRUSTEE IS AUTHORIZED TO USE CASH COLLATERAL AS DEFINED UNDER SECTION 363 OF THE CODE (CASH COLLATERAL) ON AN INTERIM BASIS THROUGH JULY 31, 2025, ON THE SAME TERMS AND CONDITIONS AS SET FORTH IN THE INTERIM ORDER ON CHAPTER 11 TRUSTEES MOTION FOR USE OF CASH COLLATERAL DATED MARCH 10, 2025 (INTERIM ORDER), EXCEPT AS MODIFIED BY THIS ORDER. THE TRUSTEE IS AUTHORIZED TO PAY EXPENSES AS SET FORTH IN THE REVISED BUDGET (BUDGET) FILED ON JUNE 6, 2025, SUBJECT TO A VARIANCE OF NO MORE THAN 10% IN THE AGGREGATE ON A MONTHLY BASIS. IF THE SALE OF THE DEBTORS ASSETS HAS NOT CLOSED BY JULY 31, 2025, THE TRUSTEE MAY FILE A MOTION REQUESTING FURTHER USE OF CASH COLLATERAL. (Telam, Usbc) (Entered: 06/10/2025)
06/10/2025	120	Bid filed by San Jeev Jain 6/10/2025 in Open Court (Re: 94 Motion to Sell). (Telam, Usbc) (Entered: 06/10/2025)
06/10/2025	119	Bid filed 6/10/2025 by RCF LLC in Open Court (Re: 94 Motion to Sell). (Telam, Usbc) (Entered: 06/10/2025)
06/10/2025	118	Bid filed 6/10/2025 by Willam S. Kaplan in Open Court (Re: 94 Motion to Sell). (Telam, Usbc) (Entered: 06/10/2025)
06/09/2025	117	Supplemental Document: Proposed Order (Re: 94 Motion to Sell) filed by Trustee Mark G. DeGiacomo (Horne, Jonathan) (Entered: 06/09/2025)
06/09/2025	116	Order dated 6/9/2025 Re: 115 Expedited Motion filed by Creditor Alpha Debt Partners I, LLC to Appear Telephonically at Hearing Scheduled for 06/10/2025 [Re: 94 Motion to Sell]. GRANTED IN PART. THE COURT WILL PERMIT COUNSEL TO APPEAR REMOTELY FOR THE NONEVIDENTIARY PORTION OF THE HEARING. AS REFLECTED IN THE NOTICE OF SALE, THE COURT MAY TAKE EVIDENCE TO ADDRESS ISSUES OF FACT. REMOTE ACCESS WILL BE TERMINATED FOR THE EVIDENTIARY PORTION OF THE HEARING. ACCESS WILL NOT BE RESUMED FOR ANY REMAINING PORTION OF THE HEARING. THE MOVANT SHALL CONTACT THE COURTROOM DEPUTY, MARY MURRAY AT MARY_MURRAY@MAB.USCOURTS.GOV TO OBTAIN THE INFORMATION TO APPEAR REMOTELY. (Telam, Usbc) (Entered: 06/09/2025)
06/07/2025	115	Expedited Motion filed by Creditor Alpha Debt Partners I, LLC to Appear Telephonically at Hearing Scheduled for 06/10/2025 [Re: 94 Motion to Sell] with certificate of service. (Mattera, Alex) (Entered: 06/07/2025)
06/06/2025	114	Notice of Budget to Actual Reporting for the Period through May 31, 2025 with certificate of service filed by Trustee Mark G. DeGiacomo (Attachments: # 1 Exhibit A # 2 Exhibit B) (Horne, Jonathan) (Entered: 06/06/2025)