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Presperse Corporation

COURT
New Jersey Bankruptcy Court
CASE NUMBER
3:2024bk18921
TYPE / CHAPTER
Voluntary / 11

Filed

9-9-24

Updated

12-8-24

Last Checked

9-10-24

Assets

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Liabilities

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Docket

Last Updated
Sep 10, 2024
Last Entry Filed
Sep 9, 2024

Docket Entries by Week of Year

Sep 9 1 Petition Chapter 11 Voluntary Petition Filed by Morris S. Bauer on behalf of Presperse Corporation. Chapter 11 Debtors Exclusive Right to File a Plan Expires on 01/7/2025. (Bauer, Morris) (Entered: 09/09/2024)
Sep 9 2 Case Assignment. Judge Michael B. Kaplan added to the case. (nrf) (Entered: 09/09/2024)
Sep 9 Receipt of filing fee for Voluntary Petition (Chapter 11)( 24-18921) [misc,volp11a] (1738.00) Filing Fee. Receipt number A47219355, fee amount $ 1738.00. (re: Doc#1) (U.S. Treasury) (Entered: 09/09/2024)
Sep 9 3 Motion for an Order Authorizing Debtor to Retain a Claims and Noticing Agent Filed by Morris S. Bauer on behalf of Presperse Corporation. (Attachments: # 1 Debtor's Application for Entry of An Order (I) Authorizing the Appointment of Kroll Restructuring Administration LLC as Claims and Noticing Agent Effective as of the Petition Date and (II) Granting Related Relief # 2 Exhibit A - Proposed Order # 3 Exhibit B - Steele Application) (Bauer, Morris) (Entered: 09/09/2024)
Sep 9 4 Notice of Appearance and Request for Service of Notice filed by Jeffrey D. Prol on behalf of Sumitomo Corporation of Americas. (Prol, Jeffrey) (Entered: 09/09/2024)
Sep 9 5 Motion for an Order Establishing Noticing Procedure Filed by Morris S. Bauer on behalf of Presperse Corporation. (Attachments: # 1 Proposed Interim Order # 2 Proposed Final Order) (Bauer, Morris) (Entered: 09/09/2024)
Sep 9 6 Document re: Declaration of Mehul Shah, Chief Financial Officer of the Debtor, in Support of Chapter 11 Petition and First Day Pleadings (related document:1 Voluntary Petition (Chapter 11) filed by Debtor Presperse Corporation, 3 Motion to Retain Claims and Noticing Agent filed by Debtor Presperse Corporation, 5 Motion Establishing Noticing Procedure filed by Debtor Presperse Corporation) filed by Morris S. Bauer on behalf of Presperse Corporation. (Bauer, Morris) (Entered: 09/09/2024)
Sep 9 7 Motion re: Debtor's Motion for Interim and Final Orders Pursuant to 11 U.S.C. Sections 105(a), 363(b) and 507(A)(4) and (A)(5) Authorizing the Debtor to Pay Prepetition Wages and Salaries and Related Obligations and Taxes and (II) Directing All Banks to Honor Checks and Transfers for Payment of Prepetition Employee Obligations Filed by Morris S. Bauer on behalf of Presperse Corporation. (Attachments: # 1 Prepetition Wage Motion - Interim Order # 2 Prepetition Wage Motion - Final Order) (Bauer, Morris) (Entered: 09/09/2024)
Sep 9 8 Motion re: Debtor's Motion for Interim and Final Orders (I) Authorizing the Debtor to Continue and Maintain Its Existing Cash Management System, Bank Accounts and Business Forms, (II) Modifying the Investment Guidelines and (III) Granting Related Relief Filed by Morris S. Bauer on behalf of Presperse Corporation. (Attachments: # 1 Cash Management Motion - Interim Order # 2 Cash Management Motion - Final Order) (Bauer, Morris) (Entered: 09/09/2024)
Sep 9 9 Motion re: Debtor's Motion for Entry of Interim and Final Orders Pursuant to 11 U.S.C. Sections 105(a), 363(b) and 503(b)(9) and Fed. R. Bankr. P. 4001, 6003 and 6004 (I) Authorizing the Debtor to Pay Prepetition Claims of Certain General Unsecured Creditors in the Ordinary Course of Business and (II) Granting Related Relief Filed by Morris S. Bauer on behalf of Presperse Corporation. (Attachments: # 1 Prepetition Claims of General Unsecured Creditors Motion # 2 Prepetition Claims of GUC Motion - Interim Order # 3 Prepetition Claims of General Unsecured Creditors - Final Order) (Bauer, Morris) (Entered: 09/09/2024)
Sep 9 10 Motion re: Debtor's Motion for Entry of an Order (I) Authorizing the Debtor to Continue to Operate and Perform Under the Unsecured SCOA Financing Facility, (II) Obtain Unsecured Post Petition Financing Pursuant to Section 364 of the Bankruptcy Code, and (III) Granting Related Relief Filed by Morris S. Bauer on behalf of Presperse Corporation. (Attachments: # 1 DIP Financing Motion # 2 Exhibit A to DIP Motion - SCOA Financing Facility # 3 Exhibit B to DIP Motion - Budget # 4 Podgainy Declaration # 5 Proposed Interim Order) (Bauer, Morris) (Entered: 09/09/2024)
Sep 9 11 Motion re: Application for Designation as a Chapter 11 Complex Case Filed by Morris S. Bauer on behalf of Presperse Corporation. (Attachments: # 1 Application for Designation as a Chapter 11 Complex Case # 2 Proposed Order) (Bauer, Morris) (Entered: 09/09/2024)
Sep 9 12 Application for Expedited Consideration of First Day Matters (related document:3 Motion to Retain Claims and Noticing Agent filed by Debtor Presperse Corporation, 5 Motion Establishing Noticing Procedure filed by Debtor Presperse Corporation, 6 Document filed by Debtor Presperse Corporation, 7 Motion (Generic) filed by Debtor Presperse Corporation, 8 Motion (Generic) filed by Debtor Presperse Corporation, 9 Motion (Generic) filed by Debtor Presperse Corporation, 10 Motion (Generic) filed by Debtor Presperse Corporation, 11 Motion (Generic) filed by Debtor Presperse Corporation) Filed by Drew S. McGehrin on behalf of Presperse Corporation. (Attachments: # 1 Proposed Order) (McGehrin, Drew) (Entered: 09/09/2024)

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Case Information

Court
New Jersey Bankruptcy Court
Case number
3:2024bk18921
Assets
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Liabilities
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Judge
Michael B. Kaplan
Chapter
11
Filed
Sep 9, 2024
Type
voluntary
Updated
Dec 8, 2024
Last checked
Sep 10, 2024

Associated Cases

    No creditors on this case yet.

    Parties

    Debtor

    Presperse Corporation
    19 Schoolhouse Road
    Somerset, NJ 08873
    SOMERSET-NJ
    Tax ID / EIN: xx-xxx7527

    Represented By

    Morris S. Bauer
    Duane Morris LLP
    200 Campus Drive
    Suite 300
    Florham Park, NJ 07932-1007
    973-424-2037
    Fax : 973-556-1380
    Email: MSBauer@duanemorris.com
    Drew S. McGehrin
    Duane Morris LLP
    30 S. 17th Street
    Philadelphia, PA 19103-4196
    215-979-7334
    Fax : 215-689-2165
    Email: dsmcgehrin@duanemorris.com

    U.S. Trustee

    U.S. Trustee
    US Dept of Justice
    Office of the US Trustee
    One Newark Center Ste 2100
    Newark, NJ 07102
    (973) 645-3014

    Represented By

    Jeffrey M. Sponder
    Office of U.S. Trustee
    One Newark Center
    Newark, NJ 07102
    973-645-2379
    Email: jeffrey.m.sponder@usdoj.gov

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