Case number: 8:25-bk-72526 - IPA Asset Management, LLC - New York Eastern Bankruptcy Court

Case Information
  • Case title

    IPA Asset Management, LLC

  • Court

    New York Eastern (nyebke)

  • Chapter

    11

  • Judge

    Sheryl P. Giugliano

  • Filed

    06/27/2025

  • Last Filing

    07/17/2026

  • Asset

    Yes

  • Vol

    v

Docket Header
RELATED, PlnDue, DsclsDue, TRANSFER



U.S. Bankruptcy Court
Eastern District of New York (Central Islip)
Bankruptcy Petition #: 8-25-72526-spg

Assigned to: Honorable Sheryl P. Giugliano
Chapter 11
Voluntary
Asset


Date filed:  06/27/2025
Date of Intradistrict transfer:  06/27/2025
341 meeting:  08/13/2025
Deadline for filing claims:  08/31/2026
Deadline for filing claims (govt.):  12/24/2025

Debtor

IPA Asset Management, LLC

45 Sarah Drive
Farmingdale, NY 11735
SUFFOLK-NY
Tax ID / EIN: 26-2107798

represented by
J Ted Donovan

Goldberg Weprin Finkel Goldstein LLP
Goldberg Weprin Finkel Goldstein LLC
125 Park Avenue
Ste 12th Floor
New York, NY 10017
212-221-5700
Fax : 212-221-6532
Email: Tdonovan@gwfglaw.com

Trustee

R. Kenneth Barnard

3305 Jerusalem Avenue
Suite 215
Wantagh, NY 11793
516-809-9397

represented by
Melanie A FitzGerald

LaMonica Herbst & Maniscalco LLP
3305 Jerusalem Avenue
Suite 201
Wantagh, NY 11793
516-826-6500
Fax : 516-826-0222
Email: MFitzgerald@lhmlawfirm.com

Gary F. Herbst

LaMonica Herbst & Maniscalco, LLP
3305 Jerusalem Avenue, Suite 201
Wantagh
Wantagh, NY 11793
(516) 826-6500
Fax : (516) 826-0222
Email: gh@lhmlawfirm.com

Holly R. Holecek

LaMonica Herbst & Maniscalco LLP
3305 Jerusalem Avenue
Wantagh, NY 11793
(516) 826-6500
Fax : (516) 826-0222
Email: hrh@lhmlawfirm.com

LaMonica Herbst & Maniscalco, LLP

3305 Jerusalem Avenue
Suite 201
Wantagh, NY 11793
516-826-6500

U.S. Trustee

Office of the United States Trustee

Eastern District of NY (Brooklyn)
Alexander Hamilton Custom House
One Bowling Green
Room 510
New York, NY 10004-1408
(212) 206-2580

 
 
US Trustee Trial Attorney

William J. Birmingham

Office of The United States Trustee - Region 2
560 Federal Plaza
Central Islip, NY 11722
631-715-7789
 
 

Latest Dockets

Date Filed#Docket Text
07/17/2026144Agreed Order Approving Settlement Relating to Existing Pre-Petition Escrow and Establishment of Post-Closing Escrow by and between Debtor's Attorney, Chapter 11 Trustee, Attorneys for MangoTree Real Estate Holdings L.P. and Opportunity Zone Re 2019 L.P., Attorneys for Marie Holdings Inc. and Attorneys for Brian Schuman. (RE: related document(s)120 Motion to Compromise Controversy filed by Debtor IPA Asset Management, LLC). Signed on 7/17/2026 (caf) (Entered: 07/17/2026)
07/16/2026143Statement /Declaration Disclosing Increase in Hourly Rates Effective August 1, 2026 Filed by Melanie A FitzGerald on behalf of R. Kenneth Barnard (RE: related document(s)129 Order on Application to Employ) (FitzGerald, Melanie) (Entered: 07/16/2026)
07/15/2026142Affidavit/Certificate of Service Filed by Gary F. Herbst on behalf of R. Kenneth Barnard (RE: related document(s)141 Notice of Proposed Abandonment of Property of the Estate filed by Trustee R. Kenneth Barnard) (Herbst, Gary) (Entered: 07/15/2026)
07/14/2026141Notice of Proposed Abandonment of Property of the Estate Interest In and To the Debtors Interest in the Real Properties and Contents Therein Located At: (I) 1 Driftwood Lane, Saint James, NY 11780; (II) 12 Mallard Path, Coram, NY 11727; (III) 184 W 3rd Street, Deer Park, NY 11727; (IV) 59 Beecher Avenue, East Islip, NY 11730; (V) 83 Ann Drive, South Freeport, NY 11520; and (VI) 230 Ralph Avenue, Babylon, NY 11702, But Not an Abandonment of any of the Debtors Estates Rights or Claims Against any Third Party, Person or Entity. Objections to be filed by 5:00 p.m. on July 31, 2026. Hearing on objections, if any, will be held on: To Be Scheduled by the Court. Filed by Gary F. Herbst on behalf of R. Kenneth Barnard (Herbst, Gary) (Entered: 07/14/2026)
07/13/2026140Affidavit/Certificate of Service Filed by J Ted Donovan on behalf of IPA Asset Management, LLC (RE: related document(s)135 Motion to Set Last Day to File Proofs of Claim filed by Debtor IPA Asset Management, LLC) (Attachments: # 1 Amended Bar Order Notice # 2 Proof of Claim Form) (Donovan, J) (Entered: 07/13/2026)
07/09/2026Hearing Held; Appearances: Scott Kreppein, William Birmingham, Charles Fisher (Video Conference), William Heuer, Kevin Nash (Video Conference), Gary Herbst (Video Conference), Rakesh Bhargava (Video Conference), Brian Schuman (Video Conference), Marie Guerrara Tooker (Video Conference). (RE: related document(s)120 Motion to Compromise Controversy Filed by Debtor IPA Asset Management, LLC) MOTION GRANTED - SUBMIT ORDER; IF THE PROPOSED ORDER IS NOT SUBMITTED OR SETTLED AS DIRECTED WITHIN 14 DAYS, THE MATTER MAY BE DEEMED ABANDONED PURSUANT TO E.D.N.Y. L.B.R. 9072-1. (alh) (Entered: 07/10/2026)
07/09/2026Hearing Held and Adjourned; Appearances: No Appearance by Movant, Scott Kreppein, William Birmingham, Charles Fisher (Video Conference), William Heuer, Kevin Nash (Video Conference), Gary Herbst (Video Conference), Rakesh Bhargava (Video Conference), Brian Schuman (Video Conference), Marie Guerrara Tooker (Video Conference). Hearing scheduled for 08/13/2026 at 10:00 AM at Courtroom 860 (Judge Giugliano), CI, NY.(RE: related document(s)118 Motion for Relief From Stay Filed by Creditor Wells Fargo Bank, N.A. as Trustee for Option One Mortgage Loan Trust 2006-3 Asset-Backed Certificates, Series 2006-3) (alh) (Entered: 07/10/2026)
07/09/2026Hearing Held and Adjourned; Appearances: Scott Kreppein, William Birmingham, Charles Fisher (Video Conference), William Heuer, Kevin Nash (Video Conference), Gary Herbst (Video Conference), Rakesh Bhargava (Video Conference), Brian Schuman (Video Conference), Marie Guerrara Tooker (Video Conference). Status hearing to be held on 08/13/2026 at 10:00 AM at Courtroom 860 (Judge Giugliano), CI, NY. (RE: related document(s)6 Order Scheduling Initial Case Management Conference) (alh) (Entered: 07/10/2026)
07/09/2026139Declaration of Alleged Property Misconduct, Displacement and Related Harm Filed by Marie Tooker
Filed via Electronic Dropbox
(zhm) Modified on 7/9/2026 (zhm). (Entered: 07/09/2026)
07/09/2026138Notice of Appearance and Request for Notice Filed by Marie Tooker
Filed via Electronic Dropbox
(zhm) Modified on 7/9/2026 to Indicate Filing Method (zhm). (Entered: 07/09/2026)