Valken Incorporated
7
Jerrold N. Poslusny Jr.
06/25/2025
12/10/2025
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@fbtlaw.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 |
|---|---|---|
| 12/10/2025 | 182 | Order Granting Bryan Industrial Properties, Inc.' s Motion to Compel Rejection of Unexpired, Nonresidential, Leases and Surrender of the Leased Premises, or, in the Alternative, for Relief from the Automatic Stay to Allow Landlord to Terminate Such Leases and Regain Possession of the Leased Premises Pursuant to Sections 365 and 362( d) of the Bankruptcy Code. (Related Doc # 171). 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 12/10/2025. (kvr) (Entered: 12/10/2025) |
| 12/10/2025 | 181 | Certification of No Objection in re: Private Sale. (related document:174 Notice of Proposed Private Sale re: 2021 Mercedez-Benz G550W4 - Vin #xxx387551.. Hearing scheduled for 12/16/25 at 11 am. Filed by Brian Thomas on behalf of Brian Thomas. Objections due by 12/9/25. filed by Trustee Brian Thomas). The Clerk hereby certifies that no objection to this Notice of Information has been filed. (lgr) (Entered: 12/10/2025) |
| 12/09/2025 | Hearing Rescheduled from 12/9/2025. (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 01/13/2026 at 11:00 AM, JNP - Courtroom 4C, Camden. (cm) (Entered: 12/09/2025) | |
| 12/09/2025 | Minute of 12/9/2025 Hearing Held, OUTCOME: Granted; Order will be signed (related document:171 Motion to Compel Rejection of Unexpired, Nonresidential Leases and Surrender of the Leased Premises, or, in the Alternative, for Relief from the Automatic Stay to Allow Landlord to Terminate Such Leases and Regain Possession of the Leased Premises Pursuant to Sections 365 and 362(D) of the Bankruptcy Code Filed by Jordan Seth Blask on behalf of Bryan Industrial Properties, Inc.. Hearing scheduled for 11/25/2025 at 11:00 AM, Zoom-Judge Poslusny: join.zoom.us Meeting ID 160 044 7672, Passcode 602555, or call 1-646-828-7666. INCORRECT HEARING DATE, RESCHEDULED TO 12/2/2025. (Attachments: # 1 Notice of Motion # 2 Exhibit A # 3 Exhibit B # 4 Exhibit C # 5 Exhibit D) Modified on 11/13/2025 MISSING RELIEF FROM STAY EVENT CODE. FEE NOT PAID (cm). Filed by Creditor Bryan Industrial Properties, Inc.) (cm) (Entered: 12/09/2025) | |
| 12/09/2025 | Minute of 12/9/2025 Hearing Held, OUTCOME: Granted, OTBS (related document:120 Motion for Turnover of Property Filed by Nicole M. Nigrelli on behalf of Valken Incorporated. Hearing scheduled for 10/14/2025 at 11:00 AM, Zoom-Judge Poslusny: join.zoom.us Meeting ID 160 044 7672, Passcode 602555, or call 1-646-828-7666. (Attachments: # 1 Notice of Motion # 2 Certification # 3 Proposed Order) Modified on 9/11/2025: OBJECTION DEADLINE NOT LISTED ON NOTICE OF MOTION. CERTIFICATE OF SERVICE NOT FILED (as). Filed by Debtor Valken Incorporated) (cm) (Entered: 12/09/2025) | |
| 12/02/2025 | Minute of 12/2/2025 Hearing Held and Continued. OUTCOME: Adjourned to 12/9/2025 per Text Order on 11/25/2025 (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 12/09/2025 at 11:00 AM, JNP - Courtroom 4C, Camden. (cm) (Entered: 12/02/2025) | |
| 12/02/2025 | Minute of 12/2/2025 Hearing Held and Continued. OUTCOME: Adjourned to 12/9/2025 per Text Order on 11/25/2025 (related document:171 Motion to Compel Rejection of Unexpired, Nonresidential Leases and Surrender of the Leased Premises, or, in the Alternative, for Relief from the Automatic Stay to Allow Landlord to Terminate Such Leases and Regain Possession of the Leased Premises Pursuant to Sections 365 and 362(D) of the Bankruptcy Code Filed by Jordan Seth Blask on behalf of Bryan Industrial Properties, Inc.. Hearing scheduled for 11/25/2025 at 11:00 AM, Zoom-Judge Poslusny: join.zoom.us Meeting ID 160 044 7672, Passcode 602555, or call 1-646-828-7666. INCORRECT HEARING DATE, RESCHEDULED TO 12/2/2025. (Attachments: # 1 Notice of Motion # 2 Exhibit A # 3 Exhibit B # 4 Exhibit C # 5 Exhibit D) Modified on 11/13/2025 MISSING RELIEF FROM STAY EVENT CODE. FEE NOT PAID (cm). Filed by Creditor Bryan Industrial Properties, Inc.) Hearing scheduled for 12/09/2025 at 11:00 AM, JNP - Courtroom 4C, Camden. (cm) (Entered: 12/02/2025) | |
| 12/02/2025 | Minute of 12/2/2025 Hearing Held and Continued. OUTCOME: Adjourned to 12/9/2025 per Text Order on 11/25/2025 (related document:120 Motion for Turnover of Property Filed by Nicole M. Nigrelli on behalf of Valken Incorporated. Hearing scheduled for 10/14/2025 at 11:00 AM, Zoom-Judge Poslusny: join.zoom.us Meeting ID 160 044 7672, Passcode 602555, or call 1-646-828-7666. (Attachments: # 1 Notice of Motion # 2 Certification # 3 Proposed Order) Modified on 9/11/2025: OBJECTION DEADLINE NOT LISTED ON NOTICE OF MOTION. CERTIFICATE OF SERVICE NOT FILED (as). Filed by Debtor Valken Incorporated) Hearing scheduled for 12/09/2025 at 11:00 AM, JNP - Courtroom 4C, Camden. (cm) (Entered: 12/02/2025) | |
| 11/25/2025 | Text Order: Matters originally listed for 12/2/2025 docket numbers 120, 171 and 179 will be adjourned until 12/9/2025 at 11:00am per Judge Poslusny. Signed on 11/25/2025. (kvr) (Entered: 11/25/2025) | |
| 11/25/2025 | 180 | Notice of Appearance and Request for Service of Notice filed by Ira Deiches on behalf of Ira Recupero Properties, LLC. (Deiches, Ira) (Entered: 11/25/2025) |