Case number: 2:25-bk-00034 - Clouter Creek Reserve LLC - South Carolina Bankruptcy Court

Case Information
  • Case title

    Clouter Creek Reserve LLC

  • Court

    South Carolina (scbke)

  • Chapter

    11

  • Judge

    Elisabetta G.M. Gasparini

  • Filed

    01/06/2025

  • Last Filing

    04/28/2025

  • Asset

    Yes

  • Vol

    v

Docket Header
PlnDue, DeBN



United States Bankruptcy Court
District of South Carolina (Charleston)
Bankruptcy Petition #: 25-00034-eg

Assigned to: Judge Elisabetta G.M. Gasparini
Chapter 11
Voluntary
Asset


Date filed:  01/06/2025
341 meeting:  02/07/2025
Deadline for filing claims:  05/08/2025
Deadline for filing claims (govt.):  07/07/2025
Deadline for objecting to discharge:  04/08/2025

Debtor

Clouter Creek Reserve LLC

180 Overlook Point PlaceAPT 5210
Charleston, SC 29492
BERKELEY-SC
Tax ID / EIN: 82-2661994
fka
IVO SANDS, LLC


represented by
William Harrison Penn

Penn Law Firm, LLC
P.O. Box 11332
1517 Laurel Street
Columbia, SC 29211-1332
803-771-8836
Email: hpenn@pennlawsc.com

U.S. Trustee

US Trustee's Office

Strom Thurmond Federal Building
1835 Assembly St.
Suite 953
Columbia, SC 29201
represented by
Brandon K. Poston

US Trustee's Office
Strom Thurmond Federal Building
1835 Assembly St.
Suite 953
Columbia, SC 29201
803-765-5218
Email: keith.poston@usdoj.gov

Latest Dockets

Date Filed#Docket Text
04/28/202596Order Granting Request to Continue. The Motion to Convert Chapter 11 Case to Chapter 7 Filed by Tara E. Nauful on behalf of Lowcountry Private Lending, LLC is Continued.
AND IT IS SO ORDERED.
Signed by: Judge Elisabetta G.M. Gasparini, US Bankruptcy Court - District of South Carolina (related document(s)49, 94 ). Hearing scheduled for 6/26/2025 at 10:00 AM at Charleston. The case judge is Elisabetta G.M. Gasparini. (Tull, C) (Entered: 04/28/2025)
04/28/202595Objection to Disclosure Statement filed by Debtor Clouter Creek Reserve LLC with Certificate of Service Filed by Mark A Mason, Esq. (related document(s)58). (Jones, J.) (Entered: 04/28/2025)
04/28/202594
First
Request to Continue
05/01/2025
Hearing, Slot Number
49
, re: Motion to Convert Chapter 11 Case to Chapter 7. with Certificate of Service filed by Lowcountry Private Lending, LLC, Joint Motion to Convert filed by Mark A Mason, Esq., Objection filed by Clouter Creek Reserve LLC. Movant requests that the hearing be continued until
6/26/2025 at 10 am in Charleston.
The request is with consent of the affected parties. The moving party requests this continuance for the following reasons: parties wish to engage in settlement discussions. Filed by Tara E. Nauful of Best Law, P.A. on behalf of Lowcountry Private Lending, LLC (related document(s)49, 63, 88). (Nauful, Tara) (Entered: 04/28/2025)
04/27/202593Certificate of Service of Document as served by the Bankruptcy Noticing Center. Notice Date 04/27/2025. (Related Doc # 90) (Admin.) (Entered: 04/28/2025)
04/25/202592Application for Compensation, with Certificate of Service for CBRE Valuation & Advisory Services, Appraiser, period: 1/28/2025 to 4/3/2025, fee: $2750.00, expenses: $0.00. Filed by CBRE Valuation & Advisory Services. Hearing scheduled for 5/29/2025 at 10:00 AM at Charleston. Date Served 4/25/2025. Last day for objections is 05/16/2025. (Attachments: # 1 Proposed Order) (Penn, William) (Entered: 04/25/2025)
04/25/202591Application for Compensation, with Certificate of Service for William Harrison Penn, Debtor's Attorney, period: 1/6/2025 to 4/7/2025, fee: $58,550.00, expenses: $515.12. Filed by William Harrison Penn. Hearing scheduled for 5/29/2025 at 10:00 AM at Charleston. Date Served 4/25/2025. Last day for objections is 05/16/2025. (Attachments: # 1 Proposed Order) (Penn, William) (Entered: 04/25/2025)
04/25/202590Order Granting Request to Appear Remotely by Video. Contact the courtroom deputy for the information to appear remotely.
Parties approved for remote appearance: Attorney Robert Burns on behalf of Interested Party 364 Capital LLC.. The party's anticipated role is: Listen Only.
Related Document Number 86 Request to Appear Remotely filed by 364 Capital LLC.
AND IT IS SO ORDERED.
Signed by: Judge Elisabetta G.M. Gasparini, US Bankruptcy Court - District of South Carolina (related document(s) 86 ). (Tull, C) (Entered: 04/25/2025)
04/23/202589Certificate of Service RE: Objection filed by Debtor Clouter Creek Reserve LLC. Pursuant to SC LBR 9013-3, all parties required to receive notice have received notice by Notice of Electronic Filing. Filed by William Harrison Penn of Penn Law Firm, LLC on behalf of Clouter Creek Reserve LLC. (related document(s)88). (Penn, William) (Entered: 04/23/2025)
04/23/202588Objection to Motion to Convert Case From 11 to 7 filed by Creditor Lowcountry Private Lending, LLC Filed by Clouter Creek Reserve LLC (related document(s)49). (Penn, William) (Entered: 04/23/2025)
04/23/202587Objection to Disclosure Statement filed by Debtor Clouter Creek Reserve LLC with Certificate of Service Filed by US Trustee's Office (related document(s)58). (Poston, Brandon) (Entered: 04/23/2025)