Case Information
International Architectural Group and Affiliates.
1. Bankruptcy Filings
| International Architectural Group, LLC | 2:11-bk-30486-RN |
| International Architectural Products, Inc. | 2:11-bk-30496-RN |
| International Management Services Group, Inc. | 2:11-bk-30504-RN |
| United States Aluminum of Canada | 2:11-bk-30507-RN |
David A. Gill was on May 11, 2011 appointed as Chapter 7 trustee for the following chapter 7 cases which were filed by the indicated corporations (each “Debtor”) on May 11, 2011, in the U.S.Bankruptcy Court for the Central District of California.
2. Joint Administration
By order of June 3, 2011, the above-entitled four cases were ordered to be jointly administered, but not substantively consolidated. With the exception of Proofs of Claim, which must be filed in each case in which the filing creditor is asserting a claim, and identify in the caption the name of the debtor against which the claim is asserted, all papers, pleadings and orders in the Cases should be filed in case number 2:11-bk-30486-RN.
3. Prospects for Payment
After liquidation of many assets, and even considering the estimated value of assets yet to be liquidated or collected, (except as to United States Aluminum of Canada, which has no significant secured debt), it does not appear that there is a certainty of a distribution to unsecured creditors of the other three entities due to the amount of secured debt. Nevertheless the Trustee advises filing claims as set forth in Paragraphs 4 hereof.
4. Claims
All claims for pre-bankruptcy debt must be filed not later than October 17, 2011. Claims of governmental agencies are due by January 9, 2012. No date has as yet been set for filing of administrative priority claims, although the Trustee has requested that October 17, 2011 be set therefor.
THESE CLAIMS MUST BE FILED WITH THE COURT, NOT WITH THE TRUSTEE. IF YOU DO NOT FILE A FORMAL CLAIM WITH THE COURT YOU WILL NOT BE PAID EVEN IF THERE ARE FUNDS TO DISTRIBUTE TO CREDITORS.
The Court’s address for filing your claim is: United States Bankruptcy Court 255 E. Temple Los Angeles, CA 90012 Attn: Intake
5. ERISA Fiduciary Appointed by Court to Liquidate or Transfer Retirement Funds.
Attorney Nick Saakvitne is working with City National Bank to send out a mailing to participants with distribution forms so plan distributions and direct rollovers can begin very quickly. His target is to send that mailing out to all 537 participants by the end of September. If you are a participant in either plan and your address has changed or if you have any questions, you may reach him [or Mimi Hines or Sharon Heritage in his office] at the address set forth below. However, the mailing is intended to provide all the information needed to make distributions or direct rollovers available to you promptly.
Nick Saakvitne SAAKVITNE LAW CORP 532 Colorado Ave 2nd Fl Santa Monica, CA 90401-2408
310-451-3225 -- Tel 310-451-9089 -- Fax saaklaw@aol.com www.erisafiduciary.com
Bander Law Firm, LLP
On February 12, 2010, the Bander Law Firm, LLP filed a voluntary chapter 7 case and David A. Gill was appointed as Interim Trustee. For information concerning this case you should refer to his case website: www.omnimgt.com/sblite/banderlaw, or write him at 2029 Century Park East, Third Floor, Los Angeles, CA 90067-2904 or call him at a special telephone number created for this purpose: (866) 989-6146. This line will be active only during normal working hours. Telephone calls to his office will NOT be returned.
Diversified Lending Group, Inc.
David A. Gill is the court appointed Receiver in the action of Securities Exchange Commission v. Diversified Lending Group, Inc., Applied Equities, Inc., Bruce Friedman, et. al. pending in the United States District Court for the Central District of California. The Firm is representing the Equity Receiver in the investigation, liquidation and recovery of property in a $300 million dollar investment program which the Receiver has characterized as a Ponzi scheme. More than 1600 creditors are involved. The Receiver's website reflecting all past and current activities in the case is www.diversifiedreceivership.com
Ezri Namvar
The Firm is general counsel to R. Todd Neilson, the Chapter 11 Trustee in the bankruptcy case of Ezri Namvar. The Trustee has established a website of past and current activities in the Namvar case at www.namvar-namco-bankruptcy.com
Receiver, in re SEC vs. Westmoore Management LLC., et al
See case website at http://www.westmoorereceivership.com
