Valken Incorporated
7
Jerrold N. Poslusny Jr.
06/25/2025
03/27/2026
Yes
v
| NoLOC, TaxReq, CONVERTED, FeeDueMOTION |
Assigned to: Judge Jerrold N. Poslusny Jr. Chapter 7 Previous chapter 11 Original chapter 11 Voluntary Asset |
|
Debtor Valken Incorporated
550 Bridgeton Pike Suite 15 Mantua, NJ 08051 GLOUCESTER-NJ Tax ID / EIN: 26-1488626 fdba Victory Gel Caps, LLC (successor by merger) dba Valken Sports |
represented by |
Jordan Blask
Frost Brown Todd LLP 501 Grant Street Suite 800 Pittsburgh, PA 15219 412-513-4300 Email: jblask@fbtgibbons.com Albert Anthony Ciardi, III
Ciardi Ciardi & Astin 1905 Spruce Street Philadelphia, PA 19103 215-557-3550 Fax : 215-557-3551 Email: aciardi@ciardilaw.com Ciardi Ciardi & Astin
1905 Spruce Street Philadelphia, PA 19103 Nicole M. Nigrelli
Ciardi Ciardi & Astin 1905 Spruce Street Philadelphia, PA 19103 215-557-3550 Fax : 215-557-3551 Email: nnigrelli@ciardilaw.com Daniel S. Siedman
Ciardi Ciardi & Astin 1905 Spruce Street Philadelphia, PA 19103 215-557-3550 Email: dsiedman@ciardilaw.com |
Trustee Brian Thomas
Brian Thomas, Esq 327 Central Avenue Suite 103 Linwood, NJ 08221 (609) 601-6066 |
represented by |
Brian Thomas
Brian Thomas, Esq 327 Central Avenue Suite 103 Linwood, NJ 08221 (609) 601-6066 Email: brian@brianthomaslaw.com Brian S. Thomas
Brian S. Thomas, LLC 327 Central Avenue Suite 103 Linwood, NJ 08221 Brian S. Thomas
Brian S. Thomas, Esq 327 Central Ave Suite 103 Linwood, NJ 08221 (609) 601-6066 Email: brian@brianthomaslaw.com |
U.S. Trustee U.S. Trustee
US Dept of Justice Office of the US Trustee One Newark Center Ste 2100 Newark, NJ 07102 (973) 645-3014 |
represented by |
Jeffrey M. Sponder
Office of U.S. Trustee One Newark Center Newark, NJ 07102 973-645-2379 Email: jeffrey.m.sponder@usdoj.gov |
| Date Filed | # | Docket Text |
|---|---|---|
| 03/27/2026 | 227 | Determination of Adjournment Request Granted. Hearing will be adjourned to 4/14/26 at 11 am. The hearing date is Not Peremptory. (related document:210 Order (Generic)) (cmf) (Entered: 03/27/2026) |
| 03/17/2026 | Hearing Rescheduled from 3/17/2026. (related document:210 ORDER ON TRUSTEES MOTIONS TO ABANDON PERSONAL PROPERTY (related document:158 Notice of Proposed Abandonment re: Inventory, equipment, supplies, machinery, furniture, fixtures, personal property, tools/tooling There appears to be no equity given the amount of liens on property. Property may be at various locations including 175 East Freedom Avenue, Anaheim, CA, 1816 North American Street, Anaheim, CA, 1 Hawk Court, Swedesboro, NJ, 420 Ambro Drive, Pittman, NJ, and possibly other locations.. Hearing scheduled for 11/28/25. Filed by Brian Thomas on behalf of Brian Thomas. Objections due by 11/21/25. Modified on 10/22/2025 TO REFLECT INCORRECT HEARING DATE NOTICE WILL NOT BE GENERATED (lgr). filed by Trustee Brian Thomas, 159 Notice of Proposed Abandonment re: Items shipped from China to California and located in cargo containers: Sporting goods located at West Basin CNTR Terminal (Y773) AMS B/L #FFCG258FSTALA052 Goggles located at West Basin CNTR Terminal (Y773) AMS B/L #FFCG258FSTALA052 Plastic helmet lens located at Long Beach CNTR TMNL (WAC8) AMS B/L #TQAM755LGGB25092 Goggles port unknown. Contains goggles sold by Guangzhow Jiayou Arts and Crafts It appears that debtor may have given deposits to acquire these items. The balance due (shipping, demurrage etc.) is approximately $46,664. While the value of the contents may exceed the amount due, the estate does not have the funds available to pay the amount due, or the ability to move and store said items. Additionally, it is unknown whether any creditor liens may attach to these assets.. Hearing scheduled for 11/28/25. Filed by Brian Thomas on behalf of Brian Thomas. Objections due by 11/21/25. Modified on 10/22/2025 TO REFLECT INCORRECT HEARING DATE NOTICE WILL NOT BE GENERATED (lgr). filed by Trustee Brian Thomas, 160 Notice of Proposed Abandonment re: Inventory, equipment, supplies, machinery, furniture, fixtures, personal property, tools/tooling There appears to be no equity given the amount of liens on property. Property may be at various locations including 175 East Freedom Avenue, Anaheim, CA, 1816 North American Street, Anaheim, CA, 1 Hawk Court, Swedesboro, NJ, 420 Ambro Drive, Pittman, NJ, and possibly other locations. Liens on property: Not necessarily in order of priority: Wilmington Savings - $4,800,000.00 McKenna & Associates - $1,060,000.00 Summit Bridge National Investment VIII, LLC - $1,359,000.00 Leaf Capital - $420,000.00 Parkside Funding - $52,000.00 Paypal - $113,000.00 Small Business Administration - $150,000.00 Jules/Flagstar - $1,427,000.00 Various equipment and machinery Leases - Byline Financial Group Coverall Cleaning Services Jules and Associates Jules/Flagstar Leaf Capital Financial Cloud TFC Technology. Hearing scheduled for 11/25/25. Filed by Brian S. Thomas on behalf of Brian Thomas. Objections due by 11/18/25. filed by Trustee Brian Thomas, 161 Notice of Proposed Abandonment re: Items shipped from China to California and located in cargo containers: Sporting goods located at West Basin CNTR Terminal (Y773) AMS B/L #FFCG258FSTALA052 Goggles located at West Basin CNTR Terminal (Y773) AMS B/L #FFCG258FSTALA052 Plastic helmet lens located at Long Beach CNTR TMNL (WAC8) AMS B/L #TQAM755LGGB25092 Goggles port unknown. Contains goggles sold by Guangzhow Jiayou Arts and Crafts It appears that debtor may have given deposits to acquire these items. The balance due (shipping, demurrage etc.) is approximately $46,664. While the value of the contents may exceed the amount due, the estate does not have the funds available to pay the amount due, or the ability to move and store said items. Additionally, it is unknown whether any creditor liens may attach to these assets.. Hearing scheduled for 11/25/25. Filed by Brian S. Thomas on behalf of Brian Thomas. Objections due by 11/18/25. filed by Trustee Brian Thomas). Service of notice of the entry of this order pursuant to Rule 9022 was made on the appropriate parties. See BNC Certificate of Notice. Signed on 2/11/2026. (kvr)) Hearing scheduled for 03/31/2026 at 11:00 AM, JNP - Courtroom 4C, Camden. (cm) (Entered: 03/17/2026) | |
| 03/17/2026 | 226 | Document re: Amended Notice of Claim to Property (related document:210 Order (Generic), 214 Document filed by Creditor Summitbridge National Investments VIII LLC) filed by Martin J. Weis on behalf of Defy Sports MFG, Inc. as assignee of Summitbridge National Investments VIII LLC. (Weis, Martin) (Entered: 03/17/2026) |
| 03/13/2026 | 225 | Determination of Adjournment Request Granted. Hearing will be adjourned to 3/31/2026 at 11:00am. The hearing date is Not Peremptory. (related document:210 Order (Generic)) (kvr) (Entered: 03/13/2026) |
| 03/04/2026 | 224 | Notice of Transfer of Claim re: Claim Transferred From Summitbridge National Investments VIII LLC to DEFY Sports MFG, Inc.. (related document:223 Transfer of Claim filed by Interested Party Defy Sports MFG, Inc. as assignee of Summitbridge National Investments VIII LLC). (lgr) (Entered: 03/04/2026) |
| 03/03/2026 | Hearing Rescheduled from 3/3/2026. (related document:210 ORDER ON TRUSTEES MOTIONS TO ABANDON PERSONAL PROPERTY (related document:158 Notice of Proposed Abandonment re: Inventory, equipment, supplies, machinery, furniture, fixtures, personal property, tools/tooling There appears to be no equity given the amount of liens on property. Property may be at various locations including 175 East Freedom Avenue, Anaheim, CA, 1816 North American Street, Anaheim, CA, 1 Hawk Court, Swedesboro, NJ, 420 Ambro Drive, Pittman, NJ, and possibly other locations.. Hearing scheduled for 11/28/25. Filed by Brian Thomas on behalf of Brian Thomas. Objections due by 11/21/25. Modified on 10/22/2025 TO REFLECT INCORRECT HEARING DATE NOTICE WILL NOT BE GENERATED (lgr). filed by Trustee Brian Thomas, 159 Notice of Proposed Abandonment re: Items shipped from China to California and located in cargo containers: Sporting goods located at West Basin CNTR Terminal (Y773) AMS B/L #FFCG258FSTALA052 Goggles located at West Basin CNTR Terminal (Y773) AMS B/L #FFCG258FSTALA052 Plastic helmet lens located at Long Beach CNTR TMNL (WAC8) AMS B/L #TQAM755LGGB25092 Goggles port unknown. Contains goggles sold by Guangzhow Jiayou Arts and Crafts It appears that debtor may have given deposits to acquire these items. The balance due (shipping, demurrage etc.) is approximately $46,664. While the value of the contents may exceed the amount due, the estate does not have the funds available to pay the amount due, or the ability to move and store said items. Additionally, it is unknown whether any creditor liens may attach to these assets.. Hearing scheduled for 11/28/25. Filed by Brian Thomas on behalf of Brian Thomas. Objections due by 11/21/25. Modified on 10/22/2025 TO REFLECT INCORRECT HEARING DATE NOTICE WILL NOT BE GENERATED (lgr). filed by Trustee Brian Thomas, 160 Notice of Proposed Abandonment re: Inventory, equipment, supplies, machinery, furniture, fixtures, personal property, tools/tooling There appears to be no equity given the amount of liens on property. Property may be at various locations including 175 East Freedom Avenue, Anaheim, CA, 1816 North American Street, Anaheim, CA, 1 Hawk Court, Swedesboro, NJ, 420 Ambro Drive, Pittman, NJ, and possibly other locations. Liens on property: Not necessarily in order of priority: Wilmington Savings - $4,800,000.00 McKenna & Associates - $1,060,000.00 Summit Bridge National Investment VIII, LLC - $1,359,000.00 Leaf Capital - $420,000.00 Parkside Funding - $52,000.00 Paypal - $113,000.00 Small Business Administration - $150,000.00 Jules/Flagstar - $1,427,000.00 Various equipment and machinery Leases - Byline Financial Group Coverall Cleaning Services Jules and Associates Jules/Flagstar Leaf Capital Financial Cloud TFC Technology. Hearing scheduled for 11/25/25. Filed by Brian S. Thomas on behalf of Brian Thomas. Objections due by 11/18/25. filed by Trustee Brian Thomas, 161 Notice of Proposed Abandonment re: Items shipped from China to California and located in cargo containers: Sporting goods located at West Basin CNTR Terminal (Y773) AMS B/L #FFCG258FSTALA052 Goggles located at West Basin CNTR Terminal (Y773) AMS B/L #FFCG258FSTALA052 Plastic helmet lens located at Long Beach CNTR TMNL (WAC8) AMS B/L #TQAM755LGGB25092 Goggles port unknown. Contains goggles sold by Guangzhow Jiayou Arts and Crafts It appears that debtor may have given deposits to acquire these items. The balance due (shipping, demurrage etc.) is approximately $46,664. While the value of the contents may exceed the amount due, the estate does not have the funds available to pay the amount due, or the ability to move and store said items. Additionally, it is unknown whether any creditor liens may attach to these assets.. Hearing scheduled for 11/25/25. Filed by Brian S. Thomas on behalf of Brian Thomas. Objections due by 11/18/25. filed by Trustee Brian Thomas). Service of notice of the entry of this order pursuant to Rule 9022 was made on the appropriate parties. See BNC Certificate of Notice. Signed on 2/11/2026. (kvr)) Hearing scheduled for 03/17/2026 at 11:00 AM, JNP - Courtroom 4C, Camden. (cm) (Entered: 03/03/2026) | |
| 03/02/2026 | Receipt of filing fee for Transfer of Claim( 25-16742-JNP) [claims,trclm] ( 28.00) Filing Fee. Receipt number A49288567, fee amount $ 28.00. (re: Doc#223) (U.S. Treasury) (Entered: 03/02/2026) | |
| 03/02/2026 | 223 | Transfer of Claim Amount to be transferred $ 1367792.25.. Fee Amount $ 28. Transfer Agreement 3001 (e) 2 Transferor: Summitbridge National Investments VIII LLC (Claim No. 52, To DEFY Sports MFG, Inc. Filed by Defy Sports MFG, Inc. as assignee of Summitbridge National Investments VIII LLC (Weis, Martin) (Entered: 03/02/2026) |
| 02/26/2026 | 222 | Notice of Appearance and Request for Service of Notice filed by Martin J. Weis on behalf of Defy Sports MFG, Inc. as assignee of Summitbridge National Investments VIII LLC. (Weis, Martin) (Entered: 02/26/2026) |
| 02/22/2026 | 221 | BNC Certificate of Notice - Hearing. No. of Notices: 17. Notice Date 02/22/2026. (Admin.) (Entered: 02/23/2026) |