itt educational services, inc., et alomnimgt.com/cmsvol2/pub_47137/610848_869.pdf · 2 sale of the...
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UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF INDIANA
INDIANAPOLIS DIVISION
IN RE: )
)
ITT EDUCATIONAL SERVICES, INC., et al.1 ) Case No. 16-07207-JMC-7A
)
Debtors. ) Jointly Administered
REPORT OF SALE FOR 470 SECURITY BOULEVARD, GREEN BAY, WI 54313
Deborah J. Caruso, the chapter 7 trustee in this case (the “Trustee”), by counsel, pursuant
to Rule 6004(f)(1) of the Federal Rules of Bankruptcy Procedure (the “Bankruptcy Rules”),
reports as follows:
1. On December 21, 2016, the Court entered its Order Granting Trustee’s Motion to
Sell Real Estate Located in Green Bay, Wisconsin, Free and Clear of All Liens, Encumbrances,
Claims and Interests with a Prospective Purchaser Identified But Bids Considered (the “Sale
Order”) [Doc 804], authorizing the Trustee to sell real estate located at 470 Security Boulevard,
Green Bay, WI 54313 (the “Real Estate”) to Northeast Communications, Inc. for the total
purchase price of $1,141,000.00, free and clear of all liens, encumbrances, claims and interests.
2. On December 28, 2016, the sale of the Real Estate was completed, realizing gross
sale proceeds of $1,141,000.00. Attached and incorporated herein as Exhibit 1 is the Final ALTA
Settlement Statement – Combined (the “Closing Statement”).
3. As reflected in the Closing Statement, in addition to the purchase price of
$1,141,000.00, the Trustee received credits for the following: (a) $4,000.00 in relation to the
1 The debtors in these cases, along with the last four digits of their respective federal tax identification numbers are
ITT Educational Services, Inc. [1311]; ESI Service Corp. [2117]; and Daniel Webster College, Inc. [5980].
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sale of the furniture located at the Real Estate;2 and (b) $338.79 for the proration of 2016 real
estate taxes. As reflected in the Closing Statement, the following was paid at closing:
(a) $41,219.96 to the Brown County (Wisconsin) Treasurer for 2016 real
estate taxes;
(b) $22,249.50 to A&G Realty Partners, LLC for commissions; and
(c) The remaining balance of $1,081,869.33 to Cerberus Business Finance,
LLC (“Cerberus”), in partial satisfaction of its prepetition and postpetition
secured claims.
4. After application of the $1,081,869.33 to Cerberus’ prepetition and postpetition
secured claims, the total outstanding balance owed to Cerberus as of December 28, 2016 is
approximately $22,030,278.24, excluding accrued and unpaid interest, fees, expenses or other
costs.
5. Pursuant to the Notice, Case Management and Administrative Procedures (the
“Case Management Procedures”) approved by this Court on October 4, 2016 [Doc 220], the
Trustee will serve a copy of this report on the following (as defined in the Case Management
Procedures): (a) the Core Group; (b) the Request for Notice List; and (c) the Appearance List.
6. The Trustee requests that this report be exempt from the notice and hearing
requirements under the Case Management Procedures and the requested relief be granted without
further notice or hearing.
WHEREFORE, the Trustee respectfully requests entry of an order approving this report,
approving the payments set forth herein, and granting the Trustee all other just and proper relief.
2 Tiger Capital Group, LLC, the Trustee’s Court-approved auctioneer with respect to tangible personal property, is
entitled to a 13.0% commission in connection with the sale of the furniture located at the Real Estate, or $520.00.
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Respectfully submitted,
RUBIN & LEVIN, P.C.
By: /s/ Meredith R. Theisen
Meredith R. Theisen
Deborah J. Caruso (Atty. No. 4273-49)
John C. Hoard (Atty. No. 8024-49)
James E. Rossow Jr. (Atty. No. 21063-29)
Meredith R. Theisen (Atty. No. 28804-49)
RUBIN & LEVIN, P.C.
135 N. Pennsylvania Street, Suite 1400
Indianapolis, Indiana 46204
Tel: (317) 634-0300
Fax: (317) 263-9411
Email: [email protected]
Attorneys for Deborah J. Caruso, Trustee
CERTIFICATE OF SERVICE
I hereby certify that on January 6, 2017, a copy of the foregoing Report of Sale for 470
Security Boulevard, Green Bay, WI 54313 was filed electronically. Pursuant to Section
IV.C.3(a) of the Case Management Procedures, notice of this filing will be sent to the following
parties through the Court’s Electronic Case Filing System. Parties may access this filing through
the Court’s system.
Robert N Amkraut [email protected]
Scott S. Anders [email protected], [email protected]
Todd Allan Atkinson [email protected]
Darren Azman [email protected]
Joseph E Bain [email protected]
Kay Dee Baird [email protected], [email protected];[email protected]
Michael I. Baird [email protected], [email protected]
James David Ballinger [email protected], [email protected]
William J. Barrett [email protected], [email protected]
Ashley Flynn Bartram [email protected], [email protected]
Alexander Maurice Beeman [email protected]
Thomas M Beeman [email protected]
Richard James Bernard [email protected]
Brandon Craig Bickle [email protected]
Joan Ligocki Blackwell [email protected]
Robert A. Breidenbach [email protected]
Kayla D. Britton [email protected],
[email protected];[email protected]
Jason R Burke [email protected], [email protected]
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Julie A Camden [email protected], [email protected]
Yan Cao [email protected]
Kevin M. Capuzzi [email protected],
[email protected];[email protected]
James E. Carlberg [email protected],
[email protected];[email protected]
Steven Dean Carpenter [email protected]
Deborah Caruso [email protected], [email protected];[email protected]
Deborah J. Caruso [email protected], [email protected];mcruser@rubin-
levin.net
Joshua W. Casselman [email protected], [email protected]
Sonia A. Chae [email protected]
John Andrew Chanin [email protected]
Michael Edward Collins [email protected]
Eileen Connor [email protected]
Lawrence D. Coppel [email protected]
Heather M. Crockett [email protected], [email protected]
David H DeCelles [email protected]
Dustin R. DeNeal [email protected],
[email protected];[email protected]
Laura A DuVall [email protected], [email protected]
Henry A. Efroymson [email protected]
Abby Engen [email protected], [email protected]
Annette England [email protected]
Charles Anthony Ercole [email protected], [email protected]
Elaine Victoria Fenna [email protected]
Andrew W Ferich [email protected]
Patrick F.X. Fitzpatrick [email protected],
[email protected];[email protected];[email protected];mdabio@benes
chlaw.com
John David Folds [email protected], [email protected]
Jennifer N Fountain [email protected], [email protected]
Sarah Lynn Fowler [email protected], [email protected]
Lydia Eve French [email protected]
Robert P Goe [email protected]
John Andrew Goodridge [email protected], [email protected];[email protected]
Alan Mark Grochal [email protected]
Julian Ari Hammond [email protected], [email protected]
Wallace M Handler [email protected], [email protected]
Adam Craig Harris [email protected]
Michael W. Hile [email protected], [email protected]
Robert M. Hirsh [email protected]
John C. Hoard [email protected], jkrichbaum@rubin-
levin.net;[email protected]
Andrew E. Houha [email protected]
James C Jacobsen [email protected], [email protected]
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Christine K. Jacobson [email protected], [email protected]
Jay Jaffe [email protected], [email protected]
Benjamin F Johns [email protected], [email protected]
Russell Ray Johnson [email protected]
Anthony R. Jost [email protected], [email protected]
Timothy Q. Karcher [email protected]
Taejin Kim [email protected]
Edward M King [email protected], [email protected];[email protected]
Roy F. Kiplinger [email protected], [email protected]
Harris J. Koroglu [email protected], [email protected]
Lawrence Joel Kotler [email protected]
Jerrold Scott Kulback [email protected]
David S Lefere [email protected], [email protected]
Martha R. Lehman [email protected],
[email protected];[email protected]
Donald D Levenhagen [email protected]
Melinda Hoover MacAnally [email protected], [email protected]
Steven A. Malcoun [email protected]
Jeff J. Marwil [email protected],
[email protected];[email protected];[email protected]
Patrick Francis Mastrian [email protected],
Rachel Jaffe Mauceri [email protected]
Michael K. McCrory [email protected], [email protected]
Maureen Elin McOwen [email protected]
Toby Merrill [email protected]
Robert W. Miller [email protected]
Thomas E Mixdorf [email protected], [email protected]
James P Moloy [email protected],
[email protected];[email protected]
Ronald J. Moore [email protected]
Hal F Morris [email protected]
Kevin Alonzo Morrissey [email protected], JMcAlpin@lewis-
kappes.com;[email protected];[email protected]
Whitney L Mosby [email protected], [email protected]
C Daniel Motsinger [email protected],
[email protected];[email protected];[email protected]
Lee Duck Moylan [email protected], [email protected]
Abraham Murphy [email protected]
Alissa M. Nann [email protected]
Henry Seiji Newman [email protected]
Kathryn Elizabeth Olivier [email protected],
[email protected];[email protected]
Pamela A. Paige [email protected], [email protected]
Danielle Ann Pham [email protected]
Jack A Raisner [email protected]
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Jonathan Hjalmer Reischl [email protected]
David A. Rosenthal [email protected]
James E Rossow [email protected], [email protected];robin@rubin-
levin.net;[email protected]
Rene Sara Roupinian [email protected],
[email protected];[email protected];[email protected];rfisher@ou
ttengolden.com;[email protected]
Victoria Fay Roytenberg [email protected], [email protected]
Craig Damon Rust [email protected], [email protected]
Joseph Michael Sanders [email protected]
Thomas C Scherer [email protected], [email protected]
James R. Schrier [email protected], [email protected];[email protected]
Courtney Michelle Scott [email protected]
Patricia K. Smoots [email protected]
Lauren C. Sorrell [email protected]
Daniel M. Spungen [email protected]
Jonathan David Sundheimer [email protected]
Nancy K. Swift [email protected], [email protected]
Eric Jay Taube [email protected],
[email protected];[email protected]
Meredith R. Theisen [email protected], [email protected];mcruser@rubin-
levin.net
Meredith R. Theisen [email protected], [email protected]
Jessica L Titler [email protected]
Todd Christian Toral [email protected]
Ronald M. Tucker [email protected], [email protected],[email protected]
U.S. Trustee [email protected]
Michael Ungar [email protected]
Sally E Veghte [email protected], [email protected]
Amy L VonDielingen [email protected]
Carolyn Graff Wade [email protected]
Christine M.H. Wellons [email protected]
Philip A. Whistler [email protected], [email protected]
Bradley Winston [email protected], [email protected]
Brandon Michael Wise [email protected]
Cathleen Dianne Wyatt [email protected], [email protected]
James T Young [email protected], [email protected];[email protected]
James E. Zoccola [email protected]
I further certify that on January 6, 2017, pursuant to Section IV.C.3(c) of the Case
Management Procedures, a copy of the foregoing Report of Sale for 470 Security Boulevard,
Green Bay, WI 54313 was emailed to the following:
Arlington ISD/Richardson ISD: Eboney Cobb at [email protected]
CEC Red Run, LLC: Alan M. Grochal at [email protected]
SWRE Deal V Building, LLC: Paul Weiser at [email protected]
Tarrant County/Dallas County: Elizabeth Weller at [email protected]
Northwest Natural Gas Company: David E. Erickson at [email protected]
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Tiger Capital Group, LLC: Joseph A. Malfitano at [email protected]
Solar Drive Business, LLC: Chris W. Halling at [email protected]
Market-Turk Company: Jordan A. Lavinsky at [email protected]
Taxing Authority for Harris County, Texas: John P. Dillman at [email protected]
Texas Comptroller of Public Accounts: Rachel Obaldo at [email protected]
Clear Creek Independent School District: Carl O. Sandin at [email protected]
Synchrony Bank: Recovery Management Systems Corporation at [email protected]
Bexar County: Don Stecker at [email protected]
SWRE Deal V Building, LLC: Nancy K. Swift at [email protected]
TN Dept. of Revenue: Michael Willey at [email protected]
Florida Department of Education: Benman D. Szeto at [email protected]
Last Second Media, Inc.: T. Todd Egland at [email protected]
Hung Duong: Kevin Schwin at [email protected]
Travis County: Kay D. Brock at [email protected]
Able Building Maintenance: Scott D. Fink at [email protected]
Marathon Ventures, LLC: Daniel M. Karger at [email protected]
Oklahoma County Treasurer: Tammy Jones at [email protected]
JM Partners LLC: John Marshall at [email protected]
/s/ Meredith R. Theisen
Meredith R. Theisen
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