Valken Incorporated
7
Jerrold N. Poslusny Jr.
06/25/2025
01/15/2026
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 Seth 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 |
|---|---|---|
| 01/13/2026 | Minute of 1/13/2026 Hearing Held and Continued. OUTCOME: Adjourned to 2/3/2026. If no motions filed, status letter must be filed by 1/27/2026 (related document:179 Objection to Abandonment Motions (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) filed by Mark D. Pfeiffer on behalf of Summitbridge National Investments VIII LLC. (Attachments: # 1 Certificate of Service) (Pfeiffer, Mark) Filed by Creditor Summitbridge National Investments VIII LLC) Hearing scheduled for 02/03/2026 at 11:00 AM, JNP - Courtroom 4C, Camden. (cm) (Entered: 01/13/2026) | |
| 01/09/2026 | 195 | BNC Certificate of Notice - Order No. of Notices: 2. Notice Date 01/09/2026. (Admin.) (Entered: 01/10/2026) |
| 01/08/2026 | 194 | Document re: Notice of Firm Name Change filed by Ronald E Gold, Erin P Severini, S. Christopher Yoo, Jordan Seth Blask on behalf of Bryan Industrial Properties, Inc.. (Blask, Jordan) (Entered: 01/08/2026) |
| 01/07/2026 | 193 | Order Granting Motion for Turnover of Property (Related Doc # 120). 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 1/7/2026. (cmf) (Entered: 01/07/2026) |
| 01/06/2026 | 192 | Certificate of Service (related document:189 Application for Compensation filed by Debtor Valken Incorporated) filed by Daniel S. Siedman on behalf of Valken Incorporated. (Siedman, Daniel) (Entered: 01/06/2026) |
| 01/06/2026 | 191 | Certificate of Service (related document:189 Application for Compensation filed by Debtor Valken Incorporated) filed by Daniel S. Siedman on behalf of Valken Incorporated. (Siedman, Daniel) (Entered: 01/06/2026) |
| 01/06/2026 | Hearing Rescheduled from 1/6/2026. (related document:184 Motion to Compel Payment of Administrative Expenses, in addition to Motion for Relief from Stay. Fee Amount $ 199. Filed by Jordan Seth Blask on behalf of Bryan Industrial Properties, Inc.. Hearing scheduled for 1/6/2026 at 11:00 AM, JNP - Courtroom 4C, Camden.. (Attachments: # 1 Notice of Motion # 2 Exhibit A - Proposed Order # 3 Exhibit B - Declaration) Modified on 12/12/2025 MOTION ATTACHED AS MAIN DOCUMENT IS MISSING REQUIRED /S/ SIGNATURE (cm). Filed by Creditor Bryan Industrial Properties, Inc.) Hearing scheduled for 02/03/2026 at 11:00 AM, JNP - Courtroom 4C, Camden. (cm) (Entered: 01/06/2026) | |
| 01/02/2026 | 190 | BNC Certificate of Notice - Hearing on Application for Compensation. No. of Notices: 173. Notice Date 01/02/2026. (Admin.) (Entered: 01/03/2026) |
| 12/31/2025 | Clerk's Office Quality Control Message: Please note that Local Form Certification of Service must be filed in accordance with the appropriate service provisions. This local form can be found in the Forms section of the Courts website www.njb.uscourts.gov. (related document:189 First Application for Compensation for Albert Anthony Ciardi III, Debtor's Attorney, period: 6/25/2025 to 10/10/2025, fee: $90960.00, expenses: $1837.31. Filed by Albert Anthony Ciardi III). (cm) (Entered: 12/31/2025) | |
| 12/30/2025 | 189 | First Application for Compensation for Albert Anthony Ciardi III, Debtor's Attorney, period: 6/25/2025 to 10/10/2025, fee: $90960.00, expenses: $1837.31. Filed by Albert Anthony Ciardi III. Hearing scheduled for 2/5/2026 at 02:00 PM, JNP - Courtroom 4C, Camden.. (Attachments: # 1 Notice of Fee Application # 2 Exhibit A - fees # 3 Exhibit B - expenses # 4 cover sheet # 5 Certification # 6 Proposed Order) (Ciardi, Albert)Modified on 12/31/2025 NO CERTIFICATE OF SERVICE (cm). (Entered: 12/30/2025) |