Tru-Val Electric Corporation
7
Stacey L. Meisel
01/17/2025
07/03/2025
Yes
v
Assigned to: Judge Stacey L. Meisel Chapter 7 Voluntary Asset |
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Debtor Tru-Val Electric Corporation
85 Orient Way Rutherford, NJ 07070 BERGEN-NJ Tax ID / EIN: 11-2010437 |
represented by |
Jay L. Lubetkin
Rabinowitz Lubetkin & Tully, L.L.C. 293 Eisenhower Parkway, Suite 100 Livingston, NJ 07039 973-597-9100 Fax : 973-597-9119 Email: jlubetkin@rltlawfirm.com |
Trustee Benjamin A. Stanziale, Jr.
Benjamin A. Stanziale, Ch. 7 Trustee 2839 Route 10 Suite 102 Morris Plains, NJ 07950 973-731-9393 |
represented by |
Matthew E. Moloshok
Hellring Lindeman Goldstein & Siegal LLP 103 Eisenhower Parkway Roseland, NJ 07068 973-621-9020 Fax : 973-621-7406 Email: mmoloshok@hlgslaw.com Patricia A. Staiano
Hellring Lindeman Goldstein & Siegal LLP 103 Eisenhower Parkway Roseland, NJ 07068 973-621-9020 Fax : 973-621-7406 Email: pstaiano@hlgslaw.com Benjamin A. Stanziale, Jr.
Benjamin A. Stanziale, Ch. 7 Trustee 2839 Route 10 Suite 102 Morris Plains, NJ 07950 973-731-9393 Email: trustee@stanzialelaw.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 |
| Date Filed | # | Docket Text |
|---|---|---|
| 07/03/2025 | 100 | BNC Certificate of Notice. No. of Notices: 167. Notice Date 07/03/2025. (Admin.) |
| 07/02/2025 | 99 | BNC Certificate of Notice. No. of Notices: 167. Notice Date 07/02/2025. (Admin.) |
| 07/01/2025 | 98 | Notice of Proposed Abandonment re: All tangible personal property located at 85 Orient Way, Rutherford, New Jersey office of the Debtor, including, but not limited to, furniture, office electronics, fixtures and equipment listed on Schedule A/B, Part 7 of the Petition (Office FFE) and the office lease for that location. The Debtors business offices had various furniture, office partitions, cubicles, computer equipment and communication systems. The Debtor scheduled these values as unknown. Based on review by the Trustee and his professionals, the Office FFE is of no value to the Estate, because some or all of the items appear to be subject to a purchase money security interest (PMSI), and if they had value in excess of the balances secured by the PMSI, are subject to prior, perfected blanket liens on personal property far exceeding any possible value of this property.. Hearing scheduled for 08/05/2025 at 10:00 a.m. Filed by Patricia A. Staiano on behalf of Benjamin A. Stanziale Jr.. Objections due by 07/29/2025. (Staiano, Patricia) |
| 06/26/2025 | 97 | Notice of Appearance and Request for Service of Notice filed by Bethany Barrese on behalf of Saxe Doernberger & Vita, P.C.. (Barrese, Bethany) |
| 06/24/2025 | 96 | Notice of Proposed Abandonment re: Accounts Receivable listed on Schedule A/B, Part 11 of the Petition (Receivables). The Debtor was an electrical contractor. The Petition listed Receivables of 90 days old or less at $7,171,651.00, of which an unknown amount were doubtful or uncollectible; Receivables more than 90 days old at $1,816,732.00 of which $1,500,000 (estimated) were doubtful or uncollectible.; and an additional category of retainage listed at $5,364,191 portions of which may be uncollectible. Based on review, certain Receivables relate to work on construction projects that the Debtor did not complete and so would likely result in setoffs; other Receivables would have to be administered as trust funds for suppliers, subcontractors or laborers, and so would not benefit creditors generally; or would be subject to subrogation claims by sureties which bonded the work. Further, as noted below, the Receivables would in the first instance be subject to prior, perfected security interests. Last, the costs of contesting claims that the funds are not owed would require expensive litigation covering more than 50 separate jobs, which would deplete the Estates other assets. In the Trustees judgment, the net value of the Receivables to the Estate is believed to be $0.. Hearing scheduled for 07/29/2025 at 10:00 a.m. Filed by Patricia A. Staiano on behalf of Benjamin A. Stanziale Jr.. Objections due by 07/22/2025. (Staiano, Patricia) |
| 06/20/2025 | 95 | BNC Certificate of Notice - Order No. of Notices: 1. Notice Date 06/20/2025. (Admin.) |
| 06/17/2025 | 94 | Order Granting Motion For Relief From Stay (Related Doc # [92]). 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 6/17/2025. (ntp) |
| 06/17/2025 | Minute of Hearing Held, OUTCOME: Matter To Be Decided on the Papers (related document:92 Motion for Relief from Stay re: 2022 Ford Expedition, VIN: 1FMJU2AT9NEA61012. Fee Amount $ 199. Filed by Laura M. Egerman on behalf of Ford Motor Credit Company LLC. Hearing scheduled for 6/17/2025 at 10:00 AM, SLM - Courtroom 3A, Newark.. (Attachments: # 1 Certification # 2 Exhibit A # 3 Exhibit B # 4 Exhibit C # 5 Proposed Order # 6 Certificate of Service) Filed by Creditor Ford Motor Credit Company LLC) (omf) | |
| 05/28/2025 | 93 | Certification of No Objection in re: Abandonment. (related document:88 Notice of Proposed Abandonment re: 2022 Ford Expedition leased vehicle; 2022 BMW X7X401 - $31,000; 2023 GMC Acadia - $26,000; 2020 Chevrolet Express Cutaway - $15,000; 2022 Jeep Wrangler - $25,000; 2023 Jeep Grand Cherokee - $30,000 (to be turned over to Citizens) estate to receive excess proceeds of sale pursuant to Order dated April 2, 2025; 2023 Freightliner M2-106 - $60,000 (returned to Toyota) estate to receive excess proceeds of sale pursuant to Order dated March 12, 2025; 2021 Aluminum Trailer approximately $3,000 - not located; 2000 Pre Trailer unknown not located; 2008 Ford F250 unknown not located, debtor says sold a while ago; 2006 Ford E250 unknown not located.. Hearing scheduled for 06/03/2025 at 10:00 a.m. Filed by Patricia A. Staiano on behalf of Benjamin A. Stanziale Jr.. Objections due by 05/27/2025. filed by Trustee Benjamin A. Stanziale). The Clerk hereby certifies that no objection to this Notice of Information has been filed. (dlr) (Entered: 05/28/2025) |
| 05/21/2025 | Receipt of filing fee for Motion for Relief From Stay( 25-10534-SLM) [motion,mrlfsty] ( 199.00) Filing Fee. Receipt number A48174680, fee amount $ 199.00. (re: Doc#92) (U.S. Treasury) (Entered: 05/21/2025) |