Tuesday, November 24, 2015

BuildTrend bankruptcy: Assets discovered & Gerety's counsel moves to resign

Following the first meeting of creditors in Lancaster on November 16 there have been a couple of interesting developments.

Please note that all of the following are based on documents filed with the bankruptcy court: http://ecf.paeb.uscourts.gov under Case 15-17039.

1) The Chapter 7 trustee changed this matter to "Asset" case from the "No Asset" bankruptcy petition that Shawn Gerety had filed on 9/30/2015.  This appears to indicate that she has discovered assets Gerety has attempted to conceal from her and the court.  Due date for creditors to file proof of claim is February 18.

2) The next meeting will be a Rule 2004 Examination of the Debtor on December 16 at the law firm offices of Maschmeyer & Karalis, PC, 1900 Spruce Street, Philadelphia PA 19103.  This presents an opportunity for the trustee and creditors to question Gerety under oath.

3) Barry Solodky, counsel to BuildTrend who sat with Shawn Gerety at the meeting of creditors in Lancaster, filed a motion on November 20 to withdraw from representing him.  In his motion, Mr. Solodky also indicated that the "the debtor and its principal has advised Movant that he does not intend to appear at the Bankruptcy Rule 2004 Examination in Philadelphia."

Perhaps this schedule and order from the court interferes with Gerety's European vacation and travel that are likely funded by his thefts and fraud.

4 comments:

  1. Anonymous12/05/2015

    OF COURSE THIS SCUM BAG LIES TO THE COURTS JUST AS HE LIED TO "CUSTOMERS" WHEN HE SAID HE'D COMPLETE OUR JOB IN 6 WEEKS.

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  2. He's back on Homeadvisor under trend investment and is currently active. How can we do something about removing him from homeadvisor. He is currently doing business in lower delaware, I was told by an old employee of his that he in back in the game in that area. I feel like were never gonna see our money if he keeps getting away with this and homeadvisor keeps letting him do business.

    ReplyDelete
  3. Anonymous12/07/2015

    He's back again on homeadvisor under trend investment and covering the same area he's scam before. How can we get him kicked off????? He needs to learn his lesson.

    ReplyDelete
  4. Just to ease everybody's mind and sanity I just called Home Advisor and they do not have Trend Investment on their site. I told her I'm looking at it right now. so she told me it is a process and it will be taken down.

    ReplyDelete