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BFN Operations LLC

COURT
Texas Northern Bankruptcy Court
CASE NUMBER
3:16-bk-32435
TYPE / CHAPTER
Voluntary / 7

Filed

6-17-16

Updated

5-10-23

Last Checked

6-5-23

Assets

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Liabilities

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Docket

Last Updated
Jun 5, 2023
Last Entry Filed
May 9, 2023

Docket Entries by Year

There are 1080 older docket entries.

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Feb 17, 2022 862 Order granting application for compensation (related document # 857) granting for ASK LLP, fees awarded: $487267.42, expenses awarded: $75079.55 Entered on 2/17/2022. (Bradden, T.)
Feb 19, 2022 863 BNC certificate of mailing - PDF document. (RE: related document(s)861 Order granting application for compensation (related document 856) granting for Lain, Faulkner & Co. P.C., fees awarded: $16008.50, expenses awarded: $875.05 Entered on 2/17/2022. (Bradden, T.)) No. of Notices: 1. Notice Date 02/19/2022. (Admin.)
Mar 3, 2022 864 Application for compensation (second and final) for Reed & Elmquist, P.C., Trustee's Attorney, Period: 5/1/2018 to 3/3/2022, Fee: $132,045.00, Expenses: $5,055.54. Filed by Attorney Reed & Elmquist, P.C. (Elmquist, David)
Mar 3, 2022 865 Notice of hearing and filing filed by Trustee Diane G. Reed (RE: related document(s)864 Application for compensation (second and final) for Reed & Elmquist, P.C., Trustee's Attorney, Period: 5/1/2018 to 3/3/2022, Fee: $132,045.00, Expenses: $5,055.54. Filed by Attorney Reed & Elmquist, P.C.). Hearing to be held on 3/29/2022 at 02:00 PM Dallas Judge Larson Ctrm for 864, (Elmquist, David)
Mar 29, 2022 866 Trustee's interim report for the period ending: 3/29/2022. Projected date of filing final report: 4/29/2022 The trustee is holding $1,036,068.13 in this case. This case was commenced by the debtor filing a Chapter 11 petition on June 17, 2016. No plan was confirmed in the case and, after substantially all of the assets of this debtor were sold, the case was converted to Chapter 7 on January 20, 2017. The first meeting of creditors in the Chapter 7 case was held on March 23, 2017. There was a significant amount of avoidable preferential transfers made by the debtor; therefore, the trustee employed ASK, LLP as special counsel to analyze and litigate avoidance claims on behalf of the trustee. The trustee also employed Reed & Elmquist, P.C. ("R&E") as her general bankruptcy counsel. Between June 12 and June 15, 2018, the trustee filed 131 preference actions in which the trustee was seeking recovery of alleged preferential transfers totaling in excess of $17 million. All of the preference actions are now closed and the trustee received approximately $1,563,000 through the settlement of most of these preference actions. Default judgments were obtained in approximately twenty actions, and a number of the other preference actions were dismissed based on joint motions to dismiss filed by the parties. The trustee, through counsel, investigated a possible claim based upon alleged theft by a former CEO of the debtor. After investigation, it was determined that there is no claim to pursue. On September 2, 2020, the trustee filed a motion to sell the so-called "remnant assets" of the bankruptcy estate to Oak Point Partners, LLC for the sum of $10,000.00. This motion was approved by the Court and the trustee has received the $10,000.00 purchase price from Oak Point. On October 22, 2020, the trustee filed a motion to distribute to PNC Bank its cash collateral. This motion was granted and on or about November 24, 2020 the trustee distributed to PNC Bank its cash collateral totaling $212,911.00. The trustee's counsel has reviewed the secured, priority and chapter 11 administrative expense claims that have been filed and has resolved these claims by the claim being amended or withdrawn. Pursuant to the trustee's motion to distribute and order of the court entered in March 2021, the trustee made distributions to secured creditors and administrative claimants totaling approximately $43,000.00. In September 2021, the trustee received from the state of Texas unclaimed funds of BFN totaling approximately $84,000.00. These unclaimed funds and the proceeds of the remnant asset sale were distributed to PNC as its cash collateral after deducting the fees and expenses incurred by the trustee in obtaining these funds. The trustee is waiting on the filing of amended proofs of claim by BFN's largest creditors, PNC Bank and Crystal Financial. After these amended claims are filed, the trustee can proceed to close this case. (Reed, Diane)
Mar 30, 2022 867 Hearing held on 3/29/2022. (RE: related document(s)864 Application for compensation (second and final) for Reed & Elmquist, P.C., Trustee's Attorney, Period: 5/1/2018 to 3/3/2022, Fee: $132,045.00, Expenses: $5,055.54. Filed by Attorney Reed & Elmquist, P.C.) (Applicant appeared. Application unopposed. All fees and expenses approved pursuant to Section 330 of the Bankruptcy Code as reasonable, on final basis, including those fees previously approved on an interim basis.) (Jeng, Hawaii) (Filed: 03/29/2022)
Mar 31, 2022 868 Order granting application for compensation (related document # 864) granting for Reed & Elmquist, P.C., fees awarded: $132045.00, expenses awarded: $5055.54 Entered on 3/31/2022. (Bradden, T.)
Jul 6, 2022 869 Motion for leave Motion to Approve Stipulation and Agreed Order regarding Distributions in Respect of Proofs of Claim Filed by Creditor PNC Bank, N.A. Objections due by 7/27/2022. (Attachments: # 1 Exhibit A - Stipulation and Agreed Order) (Bailey, Christopher)
Jul 8, 2022 870 Stipulation and Agreed order regarding distributions in respect of proofs of claim (related document # 869) Entered on 7/8/2022. (Bradden, T.)
Jul 29, 2022 871 Trustee's interim report for the period ending: 6/30/22. Projected date of filing final report: 7/8/22 Trustee's Final Report was submitted to the UST on July 8, 2022. (Reed, Diane)
Show 10 more entries
Oct 24, 2022 881 Amended Notice of hearing and Notice of Filing (amended to correct hearing time) filed by Trustee Diane G. Reed (RE: related document(s)880 Amended application for compensation with coversheet (hearing 11/22/22 @ 9:30 a.m.) for Diane G. Reed, Trustee Chapter 7, Period: 1/23/2017 to 7/7/2022, Fee: $91,828.45, Expenses: $10,481.90. Filed by Trustee Diane G. Reed Objections due by 11/14/2022.). Hearing to be held on 11/22/2022 at 09:30 AM Dallas Judge Larson Ctrm for 880, (Reed, Diane)
Oct 26, 2022 882 BNC certificate of mailing - PDF document. (RE: related document(s)877 Notice of filing of trustee's final report, the report of proposed distribution, and deadline for filing objections. Objections due by 11/23/2022.) No. of Notices: 15526. Notice Date 10/26/2022. (Admin.)
Nov 2, 2022 883 Certificate of No Objection filed by Creditor Heriberto Saenz (RE: related document(s)875 Motion for leave to Proceed without Local Counsel). (Norton, Nathaniel)
Nov 4, 2022 884 Order granting motion for leave to proceed without local counsel (related document # 875) Entered on 11/4/2022. (Bradden, T.)
Nov 4, 2022 885 Order granting motion to appear pro hac vice adding Nathaniel Norton for Heriberto Saenz (related document # 872) Entered on 11/4/2022. (Bradden, T.)
Nov 23, 2022 886 Hearing held on 11/22/2022. (RE: related document(s)880 Amended application for compensation with coversheet (hearing 11/22/22 @ 9:30 a.m.) for Diane G. Reed, Trustee Chapter 7, Period: 1/23/2017 to 7/7/2022, Fee: $91,828.45, Expenses: $10,481.90. Filed by Trustee Diane G. Reed Objections due by 11/14/2022.) (Hearing Held: Chapter 7 Trustee appeared with counsel. Application unopposed. Application GRANTED. Compensation awarded to Trustee on final basis in the amount of $91,828.45 in fees and $10,481.90 in expenses.) (Harden, D.) (Filed: 11/22/2022)
Nov 23, 2022 887 Order granting application for compensation (related document # 880) granting for Diane G. Reed, fees awarded: $91828.45, expenses awarded: $10481.90 Entered on 11/23/2022. (Bradden, T.)
Nov 28, 2022 888 Certificate of no objection to Trustee's Final Report and Proposed Distribution to Creditors filed by Trustee Diane G. Reed (RE: related document(s)876 Trustee's final report and account of assets). (Reed, Diane)
Dec 1, 2022 889 Notice to deposit unclaimed funds Claims: CA011-1, CA016-1, CA020U-1, CA022-1, CA029-1, CA051-1, CA055-1, CA056-1, CA068-1, CA079-1, CA099-1, CA105-1, CA106-1, CA121-1, CA123-1, CA124-1, CA157U-1, CA158-1, CA161-1, CA162-1, CA164-1, CA178-1, CA197-1, CA218-1, CA267-1, 9U-2, 15U-2, 16-1, 18-1, 35-1, 39-1, 53-1, 55-1, 57-1, 59-1, 65-1, 71-1, 73-1, 76-1, 116U-1, 117U-1 Funds amount: $73.69 filed by Trustee Diane G. Reed. (Reed, Diane)
Dec 1, 2022 Receipt of filing fee for Notice to deposit unclaimed funds( 16-32435-mvl7) [notice,ntcdepun] ( 73.69). Receipt number A29996515, amount $ 73.69 (re: Doc# 889). (U.S. Treasury)

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This case is closed and is no longer being updated.

Case Information

Court
Texas Northern Bankruptcy Court
Case number
3:16-bk-32435
Assets
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Liabilities
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Judge
Barbara J. Houser
Chapter
7
Filed
Jun 17, 2016
Type
voluntary
Terminated
May 9, 2023
Updated
May 10, 2023
Last checked
Jun 5, 2023

Creditors

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A and A NURSERY - OK
A and A NURSERY - TNT
A and A VENDING
A and D BROKERAGE INC
A and J RENTAL AND SALES
A and L SOUTHERN AGRICULTURAL LAB
A AND R SPADA FARMS
A BLOOM FLOWERS and GIFTS
A C TRUCKING
A COWBOY ROSE
A CUT ABOVE CONCRETE CUTTING
A DEGREE ABOVE HEATING
A PLUS HEATING and COOLING
A-1 AUTO SERVICE
A-FRAME PROPAGATION NURSERY
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Parties

Debtor

BFN Operations LLC
8700 Freeport Parkway
Suite 100
Irving, TX 75063
DALLAS-TX
Tax ID / EIN: xx-xxx3891
dba Zelenka Farms

Represented By

Michael S. Haynes
Gardere Wynne Sewell LLP
2021 McKinney Avenue
Suite 1600
Dallas, TX 75201
(214) 999-4818
Fax : (214) 999-3818
Email: mhaynes@gardere.com
Marcus Alan Helt
McDermott Will & Emery LLP
2501 North Harwood Street
Suite 1900
Dallas, TX 75201
2142102801
Fax : 9725285765
Email: mhelt@mwe.com
Joe E. Marshall
Marshall Law
2626 Cole Ave., Suite 300
Dallas, TX 75204
(214) 579-9173
Email: jmarshall@marshalllaw.net
Mark C. Moore
Foley & Lardner LLP
2021 McKinney Avenue
Suite 1600
Dallas, TX 75201
214-999-4150
Email: mmoore@foley.com
Holland N. O'Neil
Foley & Lardner LLP
2021 McKinney Avenue
Ste. 1600
Dallas, TX 75201
214-999-4961
Email: honeil@foley.com
Matthew J. Pyeatt
Vinson & Elkins
2001 Ross Avenue
Suite 3900
Dallas, TX 75201
214-220-7924
Email: mpyeatt@velaw.com
Thomas C. Scannell
Foley & Lardner LLP
2021 McKinney Avenue, Ste. 1600
Dallas, TX 75201
214-999-4289
Email: tscannell@foley.com

U.S. Trustee

United States Trustee
1100 Commerce Street
Room 976
Dallas, TX 75242
214-767-8967

Represented By

Meredyth Kippes
United States Trustee
1100 Commerce St. Rm. 976
Dallas, TX 75242
(214) 767-1079
Fax : (214) 767-8971
Email: meredyth.a.kippes@usdoj.gov

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