Case number: 2:25-bk-21128 - Spring Valley Partners, LLC - New Jersey Bankruptcy Court

Case Information
  • Case title

    Spring Valley Partners, LLC

  • Court

    New Jersey (njbke)

  • Chapter

    7

  • Judge

    Vincent F. Papalia

  • Filed

    10/20/2025

  • Last Filing

    01/31/2026

  • Asset

    No

  • Vol

    v

Docket Header
U.S. Bankruptcy Court
District of New Jersey (Newark)
Bankruptcy Petition #: 25-21128-VFP

Assigned to: Judge Vincent F. Papalia
Chapter 7
Voluntary
No asset


Date filed:  10/20/2025
341 meeting:  11/24/2025

Debtor

Spring Valley Partners, LLC

86 Spring Valley Road
Park Ridge, NJ 07656
BERGEN-NJ
Tax ID / EIN: 26-3407688

represented by
Ernest G Ianetti

Law Office of Ernest G. Ianetti, Esq.
8 Campus Drive
Suite 105
Parsippany, NJ 07054
973-324-1003
Fax : 669-222-8824
Email: ianetti.efiling@gmail.com

Trustee

Jeffrey Thomas Testa

McCarter & English, LLP
McCarter & English
Four Gateway Center
100 Mulberry Street
Newark, NJ 07102
(973) 639-7939

represented by
Michael E. Holt

Forman Holt
365 W. Passaic Street
Suite 400
Rochelle Park, NJ 07662
201-845-1000
Fax : 201-655-6650
Email: mholt@formanlaw.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
 
 

Latest Dockets

Date Filed#Docket Text
01/28/2026Receipt of filing fee for Motion to Sell Free and Clear of Liens( 25-21128-VFP) [motion,msfracl] ( 199.00) Filing Fee. Receipt number A49144261, fee amount $ 199.00. (re: Doc#23) (U.S. Treasury) (Entered: 01/28/2026)
01/28/202624Notice of Proposed Private Sale re: Real Property located at 86 Spring Valley Road, Park Ridge, NJ.(related document:23 Motion to Sell Free and Clear of Liens filed by Trustee Jeffrey Thomas Testa) Hearing scheduled for 2/24/2026 at 10:00 a.m.. Filed by Michael E. Holt on behalf of Jeffrey Thomas Testa. Objections due by 02/17/2026. (Holt, Michael) (Entered: 01/28/2026)
01/28/202623Motion to Sell Property Free and Clear of Liens under Section 363(f).Property for sale: Real Property located at 86 Spring Valley Road, Park Ridge, NJ.. Fee Amount $199. Filed by Michael E. Holt on behalf of Jeffrey Thomas Testa. Hearing scheduled for 2/24/2026 at 10:00 AM, VFP - Courtroom 3B, Newark.. (Attachments: # 1 Declaration of Jeffrey T. Testa in Support # 2 Exhibit A to Declaration # 3 Memorandum of Law # 4 Proposed Order # 5 Certificate of Service) (Holt, Michael) (Entered: 01/28/2026)
01/09/202622BNC Certificate of Notice - Order No. of Notices: 1. Notice Date 01/09/2026. (Admin.) (Entered: 01/10/2026)
01/07/202621Order Granting Motion For Relief From Stay re: 86 Spring Valley Road, Park Ridge, NJ 07656 (Related Doc # 10). 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. (jf) (Entered: 01/07/2026)
12/23/2025Minute of Hearing Held, OUTCOME: Granted (related document:10 Motion for Relief from Stay re: 86 Spring Valley Road, Park Ridge, NJ 07656. Fee Amount $ 199. Filed by Tae Hyun Whang on behalf of Newtek Bank, National Association. (Attachments: # 1 Application # 2 Exhibit A - Final Judgment of Foreclosure # 3 Exhibit B - Order Dismissing Case # 4 Exhibit C - Letter to Debtor's Attorney # 5 Exhibit D - Property Appraisal # 6 Exhibit E - Payoff Letter # 7 Exhibit F - Loan Summary # 8 Exhibit G - Amount Due # 9 Brief # 10 Certification # 11 Certification # 12 Proposed Order # 13 Certificate of Service) Filed by Creditor Newtek Bank, National Association) (gml) (Entered: 12/23/2025)
12/17/202520Response to (related document:19 Trustee's Opposition in Opposition to Motion for Relief from Automatic Stay (related document:10 Motion for Relief from Stay re: 86 Spring Valley Road, Park Ridge, NJ 07656. Fee Amount $ 199. Filed by Tae Hyun Whang on behalf of Newtek Bank, National Association. Hearing scheduled for 12/9/2025 at 10:00 AM, VFP - Courtroom 3B, Newark.. (Attachments: # 1 Application # 2 Exhibit A - Final Judgment of Foreclosure # 3 Exhibit B - Order Dismissing Case # 4 Exhibit C - Letter to Debtor's Attorney # 5 Exhibit D - Property Appraisal # 6 Exhibit E - Payoff Letter # 7 Exhibit F - Loan Summary # 8 Exhibit G - Amount Due # 9 Brief # 10 Certification # 11 Certification # 12 Proposed Order # 13 Certificate of Service) filed by Creditor Newtek Bank, National Association) filed by Michael E. Holt on behalf of Jeffrey Thomas Testa. (Attachments: # 1 Certificate of Service) filed by Trustee Jeffrey Thomas Testa) filed by Tae Hyun Whang on behalf of Newtek Bank, National Association. (Attachments: # 1 Exhibit H - Municipal Search # 2 Certificate of Service) (Whang, Tae) (Entered: 12/17/2025)
12/16/202519Trustee's Opposition in Opposition to Motion for Relief from Automatic Stay (related document:10 Motion for Relief from Stay re: 86 Spring Valley Road, Park Ridge, NJ 07656. Fee Amount $ 199. Filed by Tae Hyun Whang on behalf of Newtek Bank, National Association. Hearing scheduled for 12/9/2025 at 10:00 AM, VFP - Courtroom 3B, Newark.. (Attachments: # 1 Application # 2 Exhibit A - Final Judgment of Foreclosure # 3 Exhibit B - Order Dismissing Case # 4 Exhibit C - Letter to Debtor's Attorney # 5 Exhibit D - Property Appraisal # 6 Exhibit E - Payoff Letter # 7 Exhibit F - Loan Summary # 8 Exhibit G - Amount Due # 9 Brief # 10 Certification # 11 Certification # 12 Proposed Order # 13 Certificate of Service) filed by Creditor Newtek Bank, National Association) filed by Michael E. Holt on behalf of Jeffrey Thomas Testa. (Attachments: # 1 Certificate of Service) (Holt, Michael) (Entered: 12/16/2025)
12/11/202518Certificate of Service (related document:17 Opposition filed by Creditor Newtek Bank, National Association) filed by Tae Hyun Whang on behalf of Newtek Bank, National Association. (Whang, Tae) (Entered: 12/11/2025)
12/11/202517Opposition to Debtor's Cross-Motion to Reimpose the Automatic Stay in Opposition to Debtor's Cross-Motion to Reimpose the Automatic Stay (related document:10 Motion for Relief from Stay re: 86 Spring Valley Road, Park Ridge, NJ 07656. Fee Amount $ 199. Filed by Tae Hyun Whang on behalf of Newtek Bank, National Association. Hearing scheduled for 12/9/2025 at 10:00 AM, VFP - Courtroom 3B, Newark.. (Attachments: # 1 Application # 2 Exhibit A - Final Judgment of Foreclosure # 3 Exhibit B - Order Dismissing Case # 4 Exhibit C - Letter to Debtor's Attorney # 5 Exhibit D - Property Appraisal # 6 Exhibit E - Payoff Letter # 7 Exhibit F - Loan Summary # 8 Exhibit G - Amount Due # 9 Brief # 10 Certification # 11 Certification # 12 Proposed Order # 13 Certificate of Service) filed by Creditor Newtek Bank, National Association, 15 BriefCertificationOther in Opposition to Motion to Lift Automatic Stay (related document:10 Motion for Relief from Stay re: 86 Spring Valley Road, Park Ridge, NJ 07656. Fee Amount $ 199. Filed by Tae Hyun Whang on behalf of Newtek Bank, National Association. Hearing scheduled for 12/9/2025 at 10:00 AM, VFP - Courtroom 3B, Newark.. (Attachments: # 1 Application # 2 Exhibit A - Final Judgment of Foreclosure # 3 Exhibit B - Order Dismissing Case # 4 Exhibit C - Letter to Debtor's Attorney # 5 Exhibit D - Property Appraisal # 6 Exhibit E - Payoff Letter # 7 Exhibit F - Loan Summary # 8 Exhibit G - Amount Due # 9 Brief # 10 Certification # 11 Certification # 12 Proposed Order # 13 Certificate of Service) filed by Creditor Newtek Bank, National Association) filed by Ernest G. Ianetti on behalf of Spring Valley Partners, LLC. (Attachments: # 1 Exhibit 1-4 # 2 Brief # 3 Proposed Order # 4 Certificate of Service) filed by Debtor Spring Valley Partners, LLC) filed by Tae Hyun Whang on behalf of Newtek Bank, National Association. (Attachments: # 1 Certificate of Service) (Whang, Tae) (Entered: 12/11/2025)