Welcome to BusinessBankruptcies.com!

Sign up for a free account to get access to data on case creditors, search for cases, and more.

High Country Fusion Co., Inc.

COURT
Idaho Bankruptcy Court
CASE NUMBER
8:17-bk-40347
TYPE / CHAPTER
Voluntary / 11

Filed

4-27-17

Updated

12-12-17

Last Checked

12-12-17

Assets

Subscribe

Liabilities

Subscribe

Docket

Last Updated
Dec 12, 2017
Last Entry Filed
Dec 7, 2017

Docket Entries by Month

There are 218 newer docket entries. Log In, subscribe now, or purchase this single case to see the entire docket list.

Apr 27 1 Petition Chapter 11 Voluntary Petition Non-Individual. Fee Amount $1717 Filed by High Country Fusion Co., Inc. Attorney Disclosure Statement due 05/11/2017. Schedule A/B due 05/11/2017. Schedule D due 05/11/2017. Schedule E/F due 05/11/2017. Schedule G due 05/11/2017. Schedule H due 05/11/2017. 20 Largest Creditors. Statement of Financial Affairs due 05/11/2017. Summary of Assets and Liabilities due 05/11/2017. (Meier, Joseph) Modified on 7/24/2017 (drh).
Apr 27 2 Receipt of Voluntary Petition (Chapter 11)(17-40347) [misc,volp11] (1717.00) Filing Fee. Receipt number 6284628. Fee amount 1717.00. (re: Doc# 1) (U.S. Treasury)
Apr 27 3 Signature page(s) Filed by Debtor High Country Fusion Co., Inc. (RE: related document(s)1 Voluntary Petition (Chapter 11)). (Meier, Joseph)
Apr 27 4 Application to Employ Joseph M. Meier as Attorney for Debtor and Notice of Right to Object. Filed by Debtor High Country Fusion Co., Inc. Objections due by 05/22/2017. (Attachments: # 1 Exhibit A) (Meier, Joseph)
Apr 27 5 Declaration re: of Joseph M. Meier in Support of Application to Employ Attorneys for Debtor Filed by Debtor High Country Fusion Co., Inc. (RE: related document(s)4 Application to Employ Joseph M. Meier as Attorney for Debtor and Notice of Right to Object.). (Meier, Joseph)
Apr 27 6 Motion to Use Cash Collateral and Application for Authority to Grant Lien and Other Relief; Notice of Hearings and Notice of Time for Objections Filed by Debtor High Country Fusion Co., Inc. (Attachments: # 1 Exhibit 1 # 2 Exhibit 2 # 3 Exhibit 3) (Meier, Joseph)
Apr 27 7 Declaration re: of Steve Wilson in Support of Debtor's Motion to Use Cash Collateral and Grant Liens Filed by Debtor High Country Fusion Co., Inc. (RE: related document(s)6 Motion to Use Cash Collateral and Application for Authority to Grant Lien and Other Relief; Notice of Hearings and Notice of Time for Objections). (Meier, Joseph)
Apr 27 8 Motion to Shorten Time Filed by Debtor High Country Fusion Co., Inc. (Meier, Joseph)
Apr 27 9 Declaration re: of Joseph M. Meier in Support of Motion to Shorten Time Filed by Debtor High Country Fusion Co., Inc. (RE: related document(s)8 Motion to Shorten Time ). (Meier, Joseph)
Apr 27 10 Certificate of Service Filed by Debtor High Country Fusion Co., Inc. (RE: related document(s)4 Application to Employ Joseph M. Meier as Attorney for Debtor and Notice of Right to Object., 5 Declaration, 6 Motion to Use Cash Collateral and Application for Authority to Grant Lien and Other Relief; Notice of Hearings and Notice of Time for Objections, 7 Declaration, 8 Motion to Shorten Time , 9 Declaration). (Meier, Joseph) Modified on 4/28/2017 [includes service on 20 largest, listed on docket 1. ] (drh).
Show 10 more entries
May 1 21 Notice of Appearance by Randall A Peterman Filed by Creditor Banner Bank. (Peterman, Randall)
May 1 Attorney Alex P McLaughlin for Banner Bank added to case (drh)
May 2 22 Objection to (related document(s): 6) (and Response of Banner Bank) to Debtor's Motion Seeking Authority to Use Cash Collateral and Application for Authority to Grant Lien and Other Relief Filed by Creditor Banner Bank (Peterman, Randall)
May 3 23 Chapter 11 Guidelines Filed by U.S. Trustee US Trustee. (Attachments: # 1 Cover Letter)(Kimmel, Mary)
May 4 24 Hearing Continued/Rescheduled Appearances: Joseph Meier for Debtor; Steve Wilson, President/David Hanks, Vice President (Officers and Owners); Randall Peterman/Alex McLaughlin for Banner Bank; Mary Kimmel for US Trustee Report of Proceedings: Comments by Mr. Meier, Mr. Peterman and Ms. Kimmel, with questions by the Court. After discussion, the Court Finds and Concludes that based on the representations made on the record and by counsel, that unless use of cash collateral is authorized, Debtor will suffer irreparable harm or damage. The Court GRANTS the immediate use of cash collateral on an interim basis through the date of the final hearing, set for June 8, 2017, at 9:00 a.m. in Boise. In the absence of any objections, other hearings may be heard in Boise. The Court understands that the cash collateral the Debtor seeks to use consists of basically the use of cash on hand generated from the sale of its products, accounts receivable, proceeds from accounts receivable and further sales of its product. The Court understands that the only party that claims an interest in the cash collateral to be used is Banner Bank. The Court will authorize the Debtor to use cash collateral in the ordinary course of the operation of its business. The authority to use cash collateral will be limited both in terms of amount, purpose and time. The amount set forth will be on Exh 3 of the Debtor's motion, subject to the adjustments discussed on the record. The Court understands there will be an adjustment to delete the line item on Exh 3 for the credit card payment of $15,000. The Court understands there will be no expenditures made for legal expenses so the $5500 line item will be removed. The Court understands the rent line item will be reduced to $59,000 and that no rent will be paid on the Bellevue facility. The Court expects this line item accounting of the proposed use of cash collateral to be attached to the order. The Court understands the Debtor can vary these line items up to 10% without further authority of the Court. The Court would specifically approve payments on the secured debt on page 2 of Exh 3 and the Court approves the proposed cash adequate protection payment to Banner Bank to be applied to the operating loan. No determination being made today as to how that payment should be applied. As adequate protection to Banner Bank for cash collateral to be used on an interim basis, the Court GRANTS and approves a post-petition lien on the Debtor's inventory, accounts receivables on proceeds, together with the cash; a post-petition lien going forward to the same extent and priority as the bank held pre-petition. The Court understands at this point there will be no post-petition lien granted on any hard assets, such as equipment [that may be re-visited later]. The extent of the post-petition lien will be limited to the amount of cash collateral that the Debtor actually uses. The parties have agreed to certain other conditions that the Court would impose in connection with the Debtor's use of cash collateral. Mr. Meier to submit an appropriate order, including the terms and conditions agreed on. The Court understands that the matters not resolved will be reserved and re-visited at the time of the final hearing. The order should be approved by Mr. Peterman and Ms. Kimmel. The Court authorizes the immediate use of cash collateral consistent with the revised Exh No. 3. Not required for this order, but for inclusion on the final order, would be the topic of the Debtor's requested tax payments of the withheld amounts, together with the employer's portion. The Court requests counsel and his clients to have a brief meeting with Ms. Kimmel; Mr. Peterman may join if desired. The Debtor is to cooperate with the US Trustee in scheduling an initial interview and to supply the US Trustee with any information requested, prior to the 341 meeting. [ESR: DRH] Audio File Location: POC-CTRMB (RE: related document(s)6 Motion to Use Cash Collateral filed by Debtor High Country Fusion Co., Inc.) Motion for Use of Cash Collateral hearing to be held on 6/8/2017 at 09:00 AM Boise - US Courthouse, Courtroom 4 - Judge Pappas for 6, (drh) Modified on 5/5/2017 (dj).
May 5 25 PDF with attached Audio File. Court Date & Time [ 5/4/2017 9:31:08 AM ]. File Size [ 15637 KB ]. Run Time [ 01:05:09 ]. (admin). (Filed: 05/04/2017)
May 5 Court Note: A correction has been made to the minute entry Dkt#24. The Court has ruled a rent line item to be reduced to $59,000.00 not $5,900. as stated on the docket. (RE: related document(s) 24 Minute Entry - Hearing Continued) (dj)
May 11 26 Schedule[s] for Non-Individual G,. Filed by Debtor High Country Fusion Co., Inc.. (Meier, Joseph)
May 11 27 Signature page(s) Filed by Debtor High Country Fusion Co., Inc. (RE: related document(s)26 Schedule[s]). (Meier, Joseph)
May 11 28 Statement of Financial Affairs for Non-Individual [with original signature] Filed by Debtor High Country Fusion Co., Inc. (RE: related document(s)1 Voluntary Petition (Chapter 11)). (Attachments: # 1 Exhibit SOFA-3.1 # 2 Exhibit SOFA-3.2 # 3 Exhibit SOFA-4.1 # 4 Exhibit SOFA-4.2 # 5 Exhibit SOFA-4.3 # 6 Exhibit SOFA-4.4 # 7 Exhibit SOFA-4.5 # 8 Exhibit SOFA-4.6 # 9 Exhibit SOFA-4.7 # 10 Exhibit SOFA-4.8 # 11 Exhibit SOFA-4.9 # 12 Exhibit SOFA-4.10 # 13 Exhibit SOFA-4.11 # 14 Exhibit SOFA-5 # 15 Exhibit SOFA-20 # 16 Exhibit SOFA-27) (Meier, Joseph) Modified on 5/12/2017 (drh).
Log-in to access entire docket

The docket for this case is updated every weekday morning.

Court
Idaho Bankruptcy Court
Case number
8:17-bk-40347
Assets
Subscribe for Access
Liabilities
Subscribe for Access
Judge
Jim D Pappas
Chapter
11
Filed
Apr 27, 2017
Type
voluntary
Updated
Dec 12, 2017
Last checked
Dec 12, 2017
    Subscribe now or purchase this single case to see the full creditors list.
    Anadarko Petroleum Corp.
    Banner Bank
    Banner Bank Master Card
    Camas County Treasurer
    Centennial Plastics Inc.
    Central Plastics Company
    Challenger Industries
    Consolidated Electrical Dist
    David Hanks
    Dragon Jacket
    EVCO House of Hose
    Ferguson Enterprises, Inc.
    Flint Energy Services, Inc.
    Ford Motor Credit
    Ford Quality Fleet Care
    There are 60 more creditors. Subscribe now or purchase this single case to see the full creditors list.

    Parties

    Debtor

    High Country Fusion Co., Inc.
    P.O. Box 509
    Fairfield, ID 83327
    CAMAS-ID
    Tax ID / EIN: xx-xxx5268

    Represented By

    Joseph M Meier
    COSHO HUMPHREY, LLP
    P. O. Box 9518
    1501 S. Tyrell Lane
    Boise, ID 83707-9518
    (208) 344-7811
    Fax : (208) 338-3290
    Email: jmeier@cosholaw.com

    Us Trustee

    US Trustee
    Washington Group Central Plaza
    720 Park Blvd, Ste 220
    Boise, ID 83712
    208-334-1300

    Represented By

    Mary P Kimmel
    OFFICE OF THE US TRUSTEE US DEPT
    720 Park Blvd., Ste. 220
    Boise, ID 83712
    (208) 334-1300
    Email: ustp.region18.bs.ecf@usdoj.gov

    Date Filed Nameparent case = parent case Chapter Case #
    Apr 11, 2016 Lasaii, LLC 7 8:16-bk-40294
    Jul 11, 2014 Divine Living Centers, LLC 7 8:14-bk-40796
    Feb 17, 2014 Clear Creek, LLC 11 8:14-bk-40103
    Oct 21, 2013 Keystone Mine Management II 7 1:13-bk-16845
    Jul 9, 2013 311 First Avenue LLC 11 8:13-bk-40858
    May 22, 2013 Oversea Financing Corp. 7 8:13-bk-14506
    May 22, 2013 Samsung Presbyterian Church Corp. 7 8:13-bk-14508
    Dec 10, 2012 Rolling Stone, Inc. 7 1:12-bk-02894
    Sep 6, 2012 North & Company, Inc. 7 8:12-bk-41241
    Jun 13, 2012 Potomac Restaurants LLC 7 8:12-bk-40835
    May 8, 2012 KDG, Inc. 7 8:12-bk-40645
    Jan 3, 2012 Sun Valley Television, LLC 11 1:12-bk-10025
    Aug 1, 2011 Old Cutters, Inc. 11 8:11-bk-41261
    Jul 15, 2011 DBDR Limited Partnership 11 8:11-bk-41177
    Jul 11, 2011 Udderly Gold Dairly LLC 7 8:11-bk-41142