Meeting of Creditors details announced by the bankruptcy court:
November 16, 2015 at 1:00pm
Lancaster Marriott at Penn Square
25 South Queen Street
Lancaster, PA 17603
The debtor's representative must be present at the meeting to be questioned under oath by the trustee and by creditors. Creditors are welcome to attend, but are not required to do so.
Tuesday, October 27, 2015
Monday, October 26, 2015
Romania?
Romania and the United Kingdom are the top non-US locations for viewers of this blog.
Shawn, did her family and friends discover how you paid for the ring?
Shawn, did her family and friends discover how you paid for the ring?
Tuesday, October 20, 2015
More filings in bankruptcy attempt
Shawn Gerety and BuildTrend have filed additional documents this month with U.S. Bankruptcy Court, Eastern District of Pennsylvania: Case 15-17039.
http://ecf.paeb.uscourts.gov
Since the initial Chapter 7 petition on 9/30/2015, Shawn Gerety has made additional filings which show BuildTrend Construction LLC with $338,652 of assets, $115,354 in claims by secured creditors, $11,000 in claims by the Internal Revenue Service, and $1,238,634 in claims by all other unsecured creditors.
From documents filed by Shawn Gerety on 10/9/2015: Schedule A shows BuildTrend with no real property. Schedule B indicates 99% of assets of BuildTrend derive from $334,852.60 due to BuildTrend from related contractor RBSF Construction (Garvin Donaghy) for "breach of contract." Schedule F lists approximately 120 "unsecured nonpriority" creditors. The unsecured creditors appears to include at least 18 customers for which BuildTrend failed to start or complete contracted home renovation projects. Schedule F also includes certain BuildTrend crew members like John McDevitt, John Maersch, Travis Waid, James Fishbourne and Trend Consulting (Vincent Cottrell).
Status remains "Awaiting First Meeting." When anyone notices the court announcing a time/place for the meeting of creditors, please advise and we'll get that information posted to this blog.
http://ecf.paeb.uscourts.gov
Since the initial Chapter 7 petition on 9/30/2015, Shawn Gerety has made additional filings which show BuildTrend Construction LLC with $338,652 of assets, $115,354 in claims by secured creditors, $11,000 in claims by the Internal Revenue Service, and $1,238,634 in claims by all other unsecured creditors.
From documents filed by Shawn Gerety on 10/9/2015: Schedule A shows BuildTrend with no real property. Schedule B indicates 99% of assets of BuildTrend derive from $334,852.60 due to BuildTrend from related contractor RBSF Construction (Garvin Donaghy) for "breach of contract." Schedule F lists approximately 120 "unsecured nonpriority" creditors. The unsecured creditors appears to include at least 18 customers for which BuildTrend failed to start or complete contracted home renovation projects. Schedule F also includes certain BuildTrend crew members like John McDevitt, John Maersch, Travis Waid, James Fishbourne and Trend Consulting (Vincent Cottrell).
Status remains "Awaiting First Meeting." When anyone notices the court announcing a time/place for the meeting of creditors, please advise and we'll get that information posted to this blog.
The government trustees handling the bankruptcy are:
George M. Conway, U.S. Trustee, (215) 597-4411
Christine C. Shubert, Chapter 7 Trustee, 609-938-4191, christine.shubert@comcast.net
Will the trustees let Gerety get away with discharging all these debts given so many questions about the legitimacy of this bankruptcy attempt?
Will the trustees let Gerety get away with discharging all these debts given so many questions about the legitimacy of this bankruptcy attempt?
Thursday, October 1, 2015
BuildTREND Bankruptcy Filing
Here's the Chapter 7 filing on 9/30/2015 for BuildTrend Construction LLC with the U.S. Bankruptcy Court for the Eastern District of Pennsylvania: Case 15-17039.
http://ecf.paeb.uscourts.gov
This is a long-expected filing for those subcontractors, suppliers and customers with whom Shawn Gerety has been discussing his bankruptcy plans for at least a year. For victims from whom BuildTrend collected deposits and payments this summer for construction work that still has not started, this filing may be a surprise.
Shawn Gerety and BuildTrend are represented by: Barry Solodky
(717) 299-3726 bsolodky@n-hlaw.com
Stephen Raslavich is listed as the judge.
The Trustee is: Office of the U.S. Trustee, 833 Chestnut Street, Suite 500, Philadelphia, PA 19107 (215) 597-4411
Current status is "Awaiting First Meeting"
From boxes checked on the voluntary petition form, the debtor estimates more than 100 creditors, between $100,000 and $500,000 in assets and between $1,000,000 and $10,000,000 in liabilities.
He notes the Department of Justice and Pennsylvania Bureau of Consumer Protection as creditors. Shawn also lists Trend Consulting Group (Vincent Cottrell's company) as a creditor! There is more information about Vince and his role at BuildTrend elsewhere on this blog.
Among the many questions this Chapter 7 filing raises:
http://ecf.paeb.uscourts.gov
This is a long-expected filing for those subcontractors, suppliers and customers with whom Shawn Gerety has been discussing his bankruptcy plans for at least a year. For victims from whom BuildTrend collected deposits and payments this summer for construction work that still has not started, this filing may be a surprise.
Shawn Gerety and BuildTrend are represented by: Barry Solodky
(717) 299-3726 bsolodky@n-hlaw.com
Stephen Raslavich is listed as the judge.
The Trustee is: Office of the U.S. Trustee, 833 Chestnut Street, Suite 500, Philadelphia, PA 19107 (215) 597-4411
Current status is "Awaiting First Meeting"
From boxes checked on the voluntary petition form, the debtor estimates more than 100 creditors, between $100,000 and $500,000 in assets and between $1,000,000 and $10,000,000 in liabilities.
He notes the Department of Justice and Pennsylvania Bureau of Consumer Protection as creditors. Shawn also lists Trend Consulting Group (Vincent Cottrell's company) as a creditor! There is more information about Vince and his role at BuildTrend elsewhere on this blog.
Among the many questions this Chapter 7 filing raises:
- What's the status of other entities owned and operated by Shawn Gerety, including his other residential construction contracting businesses?
- Is a Chapter 7 bankruptcy for BuildTrend in 2015 legal if BuildTrend has been a single member LLC owned exclusively by Shawn Gerety who previously discharged all debts in a 2010 bankruptcy?
- If the projects customers paid and contracted BuildTrend to complete were not even started in many cases nor completed in any cases, and if many sub-contractors and suppliers were also not compensated fully for their services, then where did all the money actually go?
This follows a post from early September when customers started to see BuildTrend project manager Jamie Wermuth and attorneys giving formal notice of intent to file Chapter 7.
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