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. 

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?

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