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Insulated Wall Holdings, LLC

COURT
Wisconsin Eastern Bankruptcy Court
CASE NUMBER
2:2023bk24709
TYPE / CHAPTER
Voluntary / 11V

Filed

10-16-23

Updated

11-17-24

Last Checked

11-18-24

Assets

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Liabilities

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Docket

Last Updated
Nov 18, 2024
Last Entry Filed
Nov 16, 2024

Docket Entries by Month

There are 199 older docket entries.

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Aug 19 190 Notice of Change of Address for a Debtor Creditor David Wallach filed by Jerome R. Kerkman on behalf of Insulated Wall Holdings, LLC. (Kerkman, Jerome) (Entered: 08/19/2024)
Aug 21 191 Debtor-In-Possession Monthly Operating Report for Filing Period July 2024 filed by Nicholas Kerkman on behalf of Insulated Wall Holdings, LLC. (Kerkman, Nicholas) (Entered: 08/21/2024)
Aug 26 192 Proposed Order RE: 162 - Application for Compensation filed by Attorney Nicholas Kerkman of Kerkman & Dunn on behalf of Kerkman & Dunn. (Kerkman, Nicholas) (Entered: 08/26/2024)
Aug 27 193 Notice of Withdrawal of Appearance filed by Debtor In Possession Insulated Wall Holdings, LLC (Schrieber, Gregory) (Entered: 08/27/2024)
Aug 28 194 Order (Related Doc # 162) .(jam, Deputy Clerk) (Signed: 08/28/2024) (Entered: 08/28/2024)
Aug 30 195 BNC Certificate of Mailing - PDF Document (RE: 194 Order on Application for Compensation). Notice Date 08/30/2024. (Admin.) (Entered: 08/30/2024)
Sep 5 196 Proposed Order RE: 185 - Motion to Reject Lease or Executory Contract Motion to Compromise filed by Attorney Evan Schmit of Kerkman & Dunn on behalf of Insulated Wall Holdings, LLC. Any required notice period has run without objection. (Schmit, Evan) (Entered: 09/05/2024)
Sep 5 197 Order Authorizing the Debtor to (i) Reject Wolf Real Estate Partnership Lease and (ii) Approve Compromise (Related Doc # 185). (jam, Deputy Clerk) (Signed: 09/05/2024) (Entered: 09/05/2024)
Sep 7 198 BNC Certificate of Mailing - PDF Document (RE: 197 Order on Motion to Reject Lease or Executory Contract). Notice Date 09/07/2024. (Admin.) (Entered: 09/07/2024)
Sep 9 199 Motion for Relief from Stay as to 6320 20th Ave., Kenosha, WI 53143. with Notice of Motion and Certificate of Service filed by Michael Dimand on behalf of Creditor PSF REO, LLC. Objections due by 9/23/2024. (Attachments: # 1 Affidavit # 2 Exhibit Note # 3 Exhibit Mortgage # 4 Exhibit Sheriff's Deed) (Dimand, Michael) (Entered: 09/09/2024)
Show 10 more entries
Oct 14 210 Notice of Subchapter V Trustee's Statement of Estimated Fees and Costs as of October 14, 2024 filed by Trustee Jennifer M. Schank (Schank, Jennifer) (Entered: 10/14/2024)
Oct 14 211 Notice of Statement of Estimated Administrative Expenses of Debtor's Counsel filed by Debtor Attorney Kerkman & Dunn (Schmit, Evan) (Entered: 10/14/2024)
Oct 15 212 Chapter 11 Small Business Subchapter V Plan Filed by Evan Schmit on behalf of Insulated Wall Holdings, LLC. (Schmit, Evan) (Entered: 10/15/2024)
Oct 15 213 Notice of Debtor's Modifications to Plan of Reorganization dated October 15, 2024 filed by Debtor In Possession Insulated Wall Holdings, LLC (RE: 212 Chapter 11 Small Business Subchapter V Plan). (Schmit, Evan) (Entered: 10/15/2024)
Oct 15 214 Memorandum of Law In Support of Confirmation of Plan of Reorganization filed by Evan Schmit on behalf of Insulated Wall Holdings, LLC. (Attachments: # 1 Declaration of David Wallach In Support of Confirmation of Plan of Reorganization) (Schmit, Evan) (Entered: 10/15/2024)
Oct 15 215 Proposed Order Confirming Debtor's Chapter 11 Plan of Reorganization, as modified October 15, 2024 RE: 212 - Chapter 11 Small Business Subchapter V Plan filed by Attorney Evan Schmit of Kerkman & Dunn on behalf of Insulated Wall Holdings, LLC. (Schmit, Evan) (Entered: 10/15/2024)
Oct 15 216 Correspondence /Statement of Subchapter V Trustee Recommendation as to Confirmation of Subchapter V Plan filed by Jennifer M Schank on behalf of Jennifer M. Schank. (RE: 212 Chapter 11 Small Business Subchapter V Plan). (Schank, Jennifer) (Entered: 10/15/2024)
Oct 16 217 Correspondence requesting confirmation hearing scheduled for October 21, 2024 be held by telephone or plan of reorganization be confirmed without a hearing filed by Evan Schmit on behalf of Insulated Wall Holdings, LLC. (RE: 182 Scheduling Order, 209 Chapter 11 Ballots, 212 Chapter 11 Small Business Subchapter V Plan, 214 Memorandum of Law, 215 Proposed Order, 216 Correspondence). (Schmit, Evan) (Entered: 10/16/2024)
Oct 16 218 Order: The court scheduled a hearing on confirmation of the subchapter V plan on October 21, 2024. On October 15, 2024, the debtor filed an amended subchapter V plan of reorganization, a memorandum in support of confirmation of the subchapter V plan, a declaration of David Wallach in support of confirmation of the subchapter V plan, and a proposed order. ECF Nos. 212, 213, 214, and 215. The subchapter V trustee also recommended confirmation. On October 16, 2024, the debtor filed correspondence requesting that the court confirm the plan without holding an in-person hearing and proposing that plan exhibit 5, which the debtor reports was "mistakenly omitted from the Plan", simply be added to an order confirming the plan. ECF No. 217. The court has reviewed the debtor's October 15, 2024 subchapter V plan and, unless the debtor files a letter by October 18, 2024, at 12:00 p.m. objecting to the below course, the court will enter an order on October 18, 2024, confirming the subchapter V plan subject to the following modifications: 1.The order confirming the subchapter V plan will provide that notwithstanding anything contained in the subchapter V plan, the plan's treatment of the priority and secured claim of the Internal Revenue Service in section 3.04 is modified to provide that the Internal Revenue Service's priority and secured tax claim will be paid in full by no later than five years after October 16, 2023, as required by 11 U.S.C. section 1129(a)(9)(C) and (D). 2.The definition of "Retained Earnings" in section 2.03(a)(i) and (ii) is incomplete and appears to be missing the phrase "net profits". The court proposes to revise the definition of "Retained Earnings" in section 2.03(a)(i) and (ii) as follows, with the court's additions underlined and bold: i.50% of $60,000 in excess of the net profits ("Retained Earnings") shall be distributed on a pro-rata basis to holders of allowed claims in Class 3; ii.50% of $60,000 in excess of the net profits ("Retained Earnings") shall be distributed to holders of allowed interest in Class 5; and Again, if the debtor does not file a letter by October 18, 2024, at 12:00 p.m. objecting to confirmation of the subchapter V plan as revised in the manner discussed above, the court will promptly enter an order confirming the subchapter V plan, including exhibit 5, and the October 21, 2024 confirmation hearing will be canceled.

s/ G. Michael Halfenger
Chief Bankruptcy Judge

(Halfenger, G.) (Entered: 10/16/2024)
Oct 17 219 Correspondence regarding virtual order entered October 16, 2024 filed by Evan Schmit on behalf of Insulated Wall Holdings, LLC. (RE: 218 Order (Virtual Event)). (Schmit, Evan) (Entered: 10/17/2024)

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Case Information

Court
Wisconsin Eastern Bankruptcy Court
Case number
2:2023bk24709
Assets
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Liabilities
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Judge
G. Michael Halfenger
Chapter
11V
Filed
Oct 16, 2023
Type
voluntary
Updated
Nov 17, 2024
Last checked
Nov 18, 2024

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    There are 33 more creditors. Subscribe now or purchase this single case to see the full creditors list.

    Parties

    Debtor

    In Possession
    Insulated Wall Holdings, LLC
    6320 20th Ave.
    Kenosha, WI 53143
    Tax ID / EIN: xx-xxx7485
    dba Wally Walls

    Represented By

    Evan Schmit
    Kerkman & Dunn
    839 North Jefferson Street, Suite 400
    Milwaukee, WI 53202
    414-277-8200
    Email: eschmit@kerkmandunn.com
    Jerome R. Kerkman
    Kerkman & Dunn
    839 N. Jefferson Street
    Milwaukee, WI 53202-3744
    414-277-8200
    Fax : 414-277-0100
    Email: jkerkman@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
    Gregory M. Schrieber
    Kerkman & Dunn
    839 N. Jefferson Street
    Suite 400
    Milwaukee, WI 53202-3744
    414-277-8200
    Email: gschrieber@kerkmandunn.com
    SELF- TERMINATED: 08/27/2024

    Trustee

    Jennifer M. Schank
    Fuhrman and Dodge S.C.
    6405 Century Avenue
    Suite 101
    Middleton, WI 53562
    608-327-4200

    Represented By

    Jennifer M Schank
    Fuhrman & Dodge S.C.
    6405 Century Avenue
    Suite 101
    Middleton, WI 53562
    608-327-4200
    Fax : 608-841-1502
    Email: jschank@fuhrmandodge.com
    Jennifer M. Schank
    Fuhrman and Dodge S.C.
    6405 Century Avenue
    Suite 101
    Middleton, WI 53562
    608-327-4200
    Fax : 608-841-1502
    Email: jschank@fuhrmandodge.com

    U.S. Trustee

    Office of the U. S. Trustee
    517 East Wisconsin Ave.
    Room 430
    Milwaukee, WI 53202
    414-297-4499

    Represented By

    Anthony B. Sparks
    West & Dunn, LLC
    207 West Main Street
    Waunakee, WI 53597
    608-424-8161
    Email: anthony.b.sparks@usdoj.gov
    Dillon J. Ambrose
    DOJ
    517 East Wisconsin Avenue
    Suite 430
    Milwaukee, WI 53202
    202-702-8738
    Email: dillon.j.ambrose@usdoj.gov
    Laura D. Steele
    Office of the U.S. Trustee
    517 E. Wisconsin Ave. #430
    Milwaukee, WI 53202
    414-297-4499
    Fax : 414-297-4478
    Email: Laura.Steele@usdoj.gov

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