| Petters Bankruptcy Related Issues |
| It is has become axiomatic that bankruptcy courts work more for the benefit of the distressed debt industry and attorneys - then for Creditors. So much so the 3rd Circuit has quoted Congress in the case of In Re Arkansas ( here ) The Arkansas case states that the detrimental endeavors in Federal BK cases - has fostered organized bad faith dealings known as a Bankruptcy Ring of Attorneys who corrupt the Federal System of Justice for their own benefit! |
| Admin of US Courts releases video(s) on basics of bankruptcies ( here ) germane to this case is the 341 Creditors Meeting video |
| Bankruptcy Professor Johnathon Hayes has humor take on taxes ( here ) |
| Judges Nov 3 ORDER For Creditors Meeting November 25th ( here ) |
| ABA American BAR Association Details on proper Federal Receiver protocols and Precedents click ( here ) |
| UPDATE -- Petters Bankruptcy HIS HONOR Gregory F Kishel Demonstrating very little tolerance for feigned efforts and veiled agendas to carve up the( here ) that all of Petters Companies and consolidated cases of bankruptcies must File - Separate Schedules of Assets, Liabilities, etc., This is a wonderful way to assure a True Fact Find His Honor has also extended the time line for claims filing by Ordering that the Debtor shall set a claims deadline with proper notice to All parties. By Law if a party is not noticed then it has recourses! KUDO"s- His Honor Kishel - for strength & integrity are needed here direly! |
| Lancelot Files Bankruptcy due to Petters debacle & Interim Trustee of Lancelot puts in Notice of Appearance ("NOA") in Petters ( here ) |
| Many speculate he is really in protective custody and has already made a deal with the USA The soap opera has begun concerning the Federal Court Receiver and who controls the Petters Bankruptcy cases While the Dist Ct Judge has issued a Stay on legal actions in all of Petters cases, the Bankruptcy Ct has begun to see an influx of Petitions for Relief! Richard Hettler has submitted requests ( here ) And Arrowhead has made an Emergency petitioned for a UN-secured Creditors Committee ( here ) |
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| 341 Creditors meeting Transpired November 25, 2008 ( here ) challenges to the Receiver's validity was only a matter of time! Finally a Creditors files an Objection in MN District Court to Receiver validity - as ACORN seeks to seize Polaroid under Uniform Commercial Code ( here ) NEWS Acorn ( here ) and LG Electronics (here) file Objections to Receivers Motion to Amend [expand] Receiver counters ( here ) as the Receiver erroneously states it is doing so on behalf of US Attorney US Trustee appoints Official Unsecured Creditors Committee Petters Bankruptcy cases (here) |
| - Apriven Creditor petitions Petters Bankruptcy Cases for Rule 2004 Examination ( here ) - Federal Receiver denies Creditor right to review Books n Records and Receiver only has $9000 in account that $45 million was wired into ( here ) and ( here ) |
| United States Trustee Manuals Handbooks and Guidelines ( here ) |
| Unsecured Creditors Comm seeks to appoint Huron Consulting in Petters bankruptcies (here) US Trustee inappropriate attempt to appoint Doug Kelly as Trustee for Petters BK's ( here ) List of 20 Lrgst Creditors (here) Statement of Financial Affairs (SOFA) (here) and Summary of Assets Liabilities etc (here)- These will most assuredly will be disputed by many - greatly! US Trustee's Limited Objection to having 2 separate US Trustee's ( here ) Acorn Objects to Receiver's contradiction of protecting Liens ( here ) Ritchie Capital et al - Motion on appointment US Trustee ( here ) |
| Petters Bankruptcy PCI Schedules of Assets and Liabilities( fees ) |
| NEWS - Receivers request approved permitting certain petters properties to go into foreclosure ( here ) in Dreier Fraud the Receiver gets $650+ thousand approved and gets Emergency US Trustee see Law.com ( here ) |
| Bankruptcy Court approves settlement of one Landlord (here) and approving transfer of Petters interest in 50% for $1 (here)& (here) Polaroid Creditors 344 Meeting scheduled for Feb 19 2009 (here) Debtor filings of Statement of Financial Affairs (SOFA) part1 (here) part2 (here) part3 (here) Receiver firm on behalf of Polaroid accuses Acorn of complicity in Polaroid Petters scheme (here) Petters PCI Creditors petition right to Intervene in Polaroid v Acorn (here) BK Judge grants permission to keep items secret (here) Capn' Obvious points out report on Trustee issues (here) Ritchie Capital Petitions the MN Bankruptcy Court for right to participate in selecting US Trustee ( here ) |
US Trustee appoints Official Unsecured CreditorsCommittee Petters Bankruptcy cases (here) White Collar Professor Mentions Petters Indictment and Star Tribune Reporters ( here ) Star Tribune story on Committee and Polaroid issues by Jennifer Bjorhus ( here ) Kosher is as Kosher does - example of a Receiver fiduciary being kosher ( here ) & ( here ) Editor has seen 1st hand what billion dollar powerhouses such as Bain ( involved in Fingerhut) can DO and the bogus results that can transpire due to billion dollar influence! (here) |