Case number: 2:25-bk-25541 - MK RE Holdings, LLC - Wisconsin Eastern Bankruptcy Court

Case Information
  • Case title

    MK RE Holdings, LLC

  • Court

    Wisconsin Eastern (wiebke)

  • Chapter

    11

  • Judge

    G. Michael Halfenger

  • Filed

    09/30/2025

  • Last Filing

    11/19/2025

  • Asset

    Yes

  • Vol

    v

Docket Header
PlnDue, NTCAPR, Subchapter_V



U.S. Bankruptcy Court
Eastern District of Wisconsin (Milwaukee)
Bankruptcy Petition #: 25-25541-gmh

Assigned to: G. Michael Halfenger
Chapter 11
Voluntary
Asset

Date filed:  09/30/2025
341 meeting:  11/04/2025
Deadline for filing claims:  12/09/2025
Deadline for objecting to discharge:  01/05/2026

Debtor In Possession

MK RE Holdings, LLC

601 E. Erie St., #607
Milwaukee, WI 53202-6227
Tax ID / EIN: 81-3200799
fdba
MK 448, LLC

fdba
MK 454, LLC

fdba
MK 455, LLC


represented by
Evan Schmit

Kerkman & Dunn
839 North Jefferson Street, Suite 400
Milwaukee, WI 53202
414-277-8200
Email: eschmit@kerkmandunn.com

Nicholas Kerkman

Kerkman & Dunn
839 N. Jefferson St
Suite 400
Milwaukee, WI 53202
414-277-8200
Fax : 414-277-0100
Email: nkerkman@kerkmandunn.com

Tyler M. Jones

Kerkman & Dunn
839 N Jefferson St.
Suite #400A
Milwaukee, WI 53202
414-277-8200
Email: tjones@kerkmandunn.com

Trustee

Iana A Vladimirova

Stafford Rosenbaum LLP
222 West Washington Avenue
Suite 900
Madison, WI 53703-2744
608-256-0226

represented by
Iana A Vladimirova

Stafford Rosenbaum LLP
222 West Washington Avenue
Suite 900
Madison, WI 53703-2744
608-256-0226
Fax : 608-259-2600
Email: ivladimirova@staffordlaw.com

U.S. Trustee

Office of the U. S. Trustee

517 East Wisconsin Ave.
Room 430
Milwaukee, WI 53202
414-297-4499
represented by
Dillon J. Ambrose

DOJ
517 East Wisconsin Avenue
Suite 430
Milwaukee, WI 53202
202-702-8738
Email: dillon.j.ambrose@usdoj.gov

Latest Dockets

Date Filed#Docket Text
10/28/202544Declaration Under Penalty of Perjury , Summary of Assets and Liabilities , Schedule A/B , Schedule D , Schedule E/F , Schedule G , Schedule H , Statement of Financial Affairs filed by Tyler M. Jones on behalf of MK RE Holdings, LLC. (Jones, Tyler) (Entered: 10/28/2025)
10/28/202543Proposed Order RE: 28 - Motion to Extend Time filed by Attorney Tyler M. Jones of Kerkman & Dunn on behalf of MK RE Holdings, LLC. Any required notice period has run without objection. (Jones, Tyler) (Entered: 10/28/2025)
10/23/202542BNC Certificate of Mailing - PDF Document (RE: 40 Scheduling Order). Notice Date 10/23/2025. (Admin.) (Entered: 10/23/2025)
10/23/202541BNC Certificate of Mailing - PDF Document (RE: 39 Order (Generic)). Notice Date 10/23/2025. (Admin.) (Entered: 10/23/2025)
10/21/202540Case Management and Section 1188 Order (1). Section 1188(a) conference scheduled for 11/18/2025 at 03:30 PM. Parties and counsel may appear in person for this hearing at the United States Courthouse, 517 East Wisconsin Ave., Room 133, Milwaukee, Wisconsin or they may appear by Zoom videoconference at http://www.zoomgov.com/join, by entering Meeting ID 161 2029 1132 and Passcode 600430 before the scheduled hearing time.(jah, Deputy Clerk) (Signed: 10/21/2025) (Entered: 10/21/2025)
10/21/202539Corrected Order for Adequate Protection for Landmark Credit Union and Use of Cash Collateral (RE: 9 Motion to use Cash Collateral , Motion for Adequate Protection , 36 Stipulation, 37 Order on Motion to Use Cash Collateral, Order on Motion for Adequate Protection). The court thanks Mr. Pyzyk for bringing the typographical error in the original order to its attention and apologizes for the miscue. (jah, Deputy Clerk) (Signed: 10/21/2025) (Entered: 10/21/2025)
10/21/202538Correspondence Letter to Honorable G. Michael Halfenger regarding Order dated October 20 2025 (37) filed by Robert G. Pyzyk on behalf of Landmark Credit Union. (Pyzyk, Robert) (Entered: 10/21/2025)
10/21/202537Order for Adequate Protection for Landmark Credit Union and Use of Cash Collateral (Related Doc 9, 36); subject to the stipulated terms and as otherwise provided in the order (Halfenger, G.) (Signed: 10/20/2025) (Entered: 10/21/2025)
10/20/202536Stipulation By MK RE Holdings, LLC and Landmark Credit Union on Adequate Protection and Use of Cash Collateral filed by Evan Schmit on behalf of MK RE Holdings, LLC. (RE: 9 Motion to use Cash Collateral , Motion for Adequate Protection , 27 Objection, 34 Correspondence, 35 Order (Virtual Event)). (Attachments: # 1 Exhibit A: Stipulated Order # 2 Exhibit B: Chapter 11 Budget) (Schmit, Evan) (Entered: 10/20/2025)
10/20/202535
Order:
Debtors' counsel filed correspondence today reporting that the debtor and Landmark Credit Union have resolved the credit union's objection to the debtor's motion for use of cash collateral and payment of adequate protection, ECF 9 (Motion). ECF No. 34. The letter states the parties will file a stipulation before the hearing and proposes that the court convert tomorrow's evidentiary hearing into a status hearing, at which all parties could appear telephonically, and relieve the parties of the filing obligations that the October 17 order setting the hearing imposed (ECF No. 31). Separately, the chapter V trustee filed correspondence requesting leave to appear telephonically at the October 21 hearing. ECF No. 33.

If the court were in a period of normal operation, it would proceed as proposed by the debtor. But the court is currently operating under limitations imposed by the Anti-Deficiency Act, 31 U.S.C. secs. 1341 & 1342, because of a lack of appropriations and the exhausting of all other funding sources. If the parties have reached agreement resolving the Motion, then there would appear to be no justification under the Act for employing court staff to conduct the hearing.

Therefore, it is ordered:

1.If the debtor and Landmark have resolved Landmark's objection to the Motion, then on or before

8:00 a.m.
October 21, 2025, one or both of them must file a stipulation stating the terms of their agreement and that Landmark withdraws its objection to the Motion (to the extent of their agreed terms).

2.The debtor must file, either as an exhibit to the stipulation or separately, but by the same deadline, a budget that satisfies the requirement of the court's October 15, 2025 order.

3.If and only if the parties comply with provisions 1 and 2 above, then the October 21, 2025, is canceled. No additional notice of cancellation will be given.

4.The parties are relieved of the filing requirements imposed by the October 17, 2025 order, ECF No. 31.

5.If the October 17 hearing is held, the chapter V trustee may appear by telephone.

6.Additionally, the court intends to set by separate order a date for the section 1188(a) status conference, which must be held within 60 days from the petition date and necessitates the debtor filing and serving its preconference report 14 days before the conference), for

November 18 at 3:30
; if the debtor or any other participating party is then unavailable, they must inform the court by correspondence filed no later than
10:00 a.m. on October 21
or at the October 21 hearing, if that hearing proceeds.

s/ G. Michael Halfenger
Chief Bankruptcy Judge

(RE: 9 Motion to use Cash Collateral , Motion for Adequate Protection , 33 Correspondence, 34 Correspondence). (Halfenger, G.)Modified on 10/20/2025 (Halfenger, G.). (Entered: 10/20/2025)