CGO Enterprise LLC: United States Bankruptcy Court District of Colorado Voluntary Petition
CGO Enterprise LLC: United States Bankruptcy Court District of Colorado Voluntary Petition
CGO Enterprise LLC: United States Bankruptcy Court District of Colorado Voluntary Petition
FORM B1
Name of Joint Debtor (Spouse) (Last, First, Middle): All Other Names used by the Joint Debtor in the last 6 years (include married, maiden, and trade names):
Last four digits of Soc. Sec. No./Complete EIN or other Tax I.D. No. (if more than one, state all): 80-0541670 Street Address of Debtor (No. & Street, City, State & Zip Code):
Last four digits of Soc. Sec.No./Complete EIN or other Tax I.D. No. (if more than one, state all): Street Address of Joint Debtor (No. & Street, City, State & Zip Code):
Location of Principal Assets of Business Debtor (if different from street address above):
Chapter 11 Small Business (Check all boxes that apply) Debtor is a small business as defined in 11 U.S.C. 101 Debtor is and elects to be considered a small business under
11 U.S.C. 1121(e) (Optional)
Filing Fee (Check one box) Full Filing Fee attached Filing Fee to be paid in installments (Applicable to individuals only) Must attach signed application for the court's consideration certifying that the debtor is unable to pay fee except in installments. Rule 1006(b). See Official Form No. 3.
THIS SPACE IS FOR COURT USE ONLY
Statistical/Administrative Information (Estimates only) X Debtor estimates that funds will be available for distribution to unsecured creditors. Debtor estimates that, after any exempt property is excluded and administrative expenses paid, there will be no funds available for distribution to unsecured creditors. Estimated Number of Creditors Estimated Assets
$0 to $50,000 $50,001 to $100,000 $100,001 to $500,000 $500,001 to $1 million 1-15 16-49 50-99 100-199 200-999 1000-over
X
$1,000,001 to $10 million $10,000,001 to $50 million $50,000,001 to $100 million More than $100 million
X
$100,001 to $500,000 $500,001 to $1 million
Estimated Debts
$0 to $50,000 $50,001 to $100,000 $1,000,001 to $10 million $10,000,001 to $50 million $50,000,001 to $100 million More than $100 million
Voluntary Petition
Location Where Filed:
Name of Debtor(s):
(This page must be completed and filed in every case) CGO Enterprise LLC Prior Bankruptcy Case Filed Within Last 6 Years (If more than one, attach additional sheet)
N/A N/A
Case Number:
Date Filed:
Pending Bankruptcy Case Filed by any Spouse, Partner or Affiliate of this Debtor (If more than one, attach additional sheet)
Name of Debtor: District: Case Number: Relationship: Date Filed: Judge:
Signatures
Signature(s) of Debtor(s) (Individual/Joint)
I declare under penalty of perjury that the information provided in this petition is true and correct. [If petitioner is an individual whose debts are primarily consumer debts and has chosen to file under chapter 7] I am aware that I may proceed under chapter 7, 11, 12 or 13 of title 11, United States Code, understand the relief available under each such chapter, and choose to proceed under chapter 7. I request relief in accordance with the chapter of title 11, United States Code, specified in this petition.
Exhibit A
(To be completed if debtor is required to file periodic reports (e.g., forms 10K and 10Q) with the Securities and Exchange Commission pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 and is requesting relief under chapter 11) Exhibit A is attached and made a part of this petition.
Exhibit B
(To be completed if debtor is an individual whose debts are primarily consumer debts) I, the attorney for the petitioner named in the foregoing petition, declare that I have informed the petitioner that [he or she] may proceed under chapter 7, 11, 12, or 13 of title 11, United States Code, and have explained the relief available under each such chapter.
X
Signature of Debtor
X
Signature of Joint Debtor Telephone Number (If not represented by attorney) Date
Date
Exhibit C
Does the debtor own or have possession of any property that poses or is alleged to pose a threat of imminent and identifiable harm to public health or safety? Yes, and Exhibit C is attached and made a part of this petition. X No
Signature of Attorney
Gregory A. Goodman
Printed Name of Attorney for Debtor(s)
If more than one person prepared this document, attach additional sheets conforming to the appropriate official form for each person.
X
Signature of Bankruptcy Petition Preparer Date A bankruptcy petition preparers failure to comply with the provisions of title 11 and the Federal Rules of Bankruptcy Procedure may result in fines or imprisonment or both 11 U.S.C. 110; 18 U.S.C. 156.
Manager
05/01/12
Date
SUMMARY OF SCHEDULES
Indicate as to each schedule whether that schedule is attached and state the number of pages in each. Report the totals from Schedules A, B, D, E, F, I, and J in the boxes provided. Add the amounts from Schedules A and B to determine the total amount of the debtors assets. Add the amounts from Schedules D, E, and F to determine the total amount of the debtors liabilities. AMOUNTS SCHEDULED
NAME OF SCHEDULE AReal Property ATTACHED (YES/NO) NO. OF SHEETS ASSETS $ LIABILITIES OTHER
0 3 1 1 1
1
B-
Personal Property
142,970
C-
D-
Creditors Holding Secured Claims Creditors Holding Unsecured Priority Claims Creditors Holding Unsecured Nonpriority Claims Executory Contracts and Unexpired Leases Codebtors
0 0
896,000
E-
F-
G-
YES
YES
1
1
0
$
H-
I-
NO NO
'
J-
0
9
Total Assets ' $
142,970
'
Total Liabilities
896,000
In re
TYPE OF PROPERTY
NONE
CURRENT MARKET VALUE OF DEBTORS INTEREST IN PROPERTY, WITHOUT DEDUCTING ANY SECURED CLAIM OR EXEMPTION
1. 2.
Cash on hand. Checking, savings or other financial accounts, certificates of deposit, or shares in banks, savings and loan, thrift, building and loan, and homestead associations, or credit unions, brokerage houses, or cooperatives. Security deposits with public utilities, telephone companies, landlords, and others. Household goods and furnishings, including audio, video, and computer equipment. Books, pictures and other art objects, antiques, stamp, coin, record, tape, compact disc, and other collections or collectibles. Wearing apparel. Furs and jewelry. Firearms and sports, photographic, and other hobby equipment. Interests in insurance policies. Name insurance company of each policy and itemize surrender or refund value of each. Annuities. Itemize and name each issuer.
$500.00 $162.39
3.
X X X
4.
5.
6. 7. 8.
X X X
9.
X
X
10.
Debtor.
(If known)
TYPE OF PROPERTY
NONE
11.
Interests in IRA, ERISA, Keogh, or other pension or profit sharing plans. Itemize. Stock and interests in incorporated and unincorporated businesses. Itemize. Interests in partnerships or joint ventures. Itemize. Government and corporate bonds and other negotiable and nonnegotiable instruments. Accounts receivable. Alimony, maintenance, support, and property settlements to which the debtor is or may be entitled. Give particulars. Other liquidated debts owing debtor including tax refunds. Give particulars. Equitable or future interests, life estates, and rights or powers exercisable for the benefit of the debtor other than those listed in Schedule of Real Property. (Form B6A) Contingent and noncontingent interests in estate of a decedent, death benefit plan, life insurance policy, or trust. Other contingent and unliquidated claims of every nature, including tax refunds, counterclaims of the debtor, and rights to setoff claims. Give estimated value of each. Patents, copyrights, and intellectual property. particulars. other Give
12.
X X X X X
13.
14.
15. 16.
17.
18.
19.
20.
21.
22.
Debtor.
(If known)
TYPE OF PROPERTY
NONE
23.
X X X
24.
25.
26.
Chair, table, file storage, phone Manual growing tools, ballasts, nutrients Unharvested medical marijuana crops in production X [see #28 above] X X
27.
28.
Inventory.
29.
Animals.
30.
31.
Farm supplies, chemicals, and feed. 32. Other personal property of any kind not already listed. Itemize. 33.
142,970
(Include amounts from any continuation sheets attached. Report total also on Summary of Schedules)
q
X q
11 U.S.C. 522(b)(1)
Exemptions provided in 11 U.S.C. 522(d). Note: These exemptions are available only in certain states. Exemptions available under applicable nonbankruptcy federal laws, state or local law where the debtors domicile has been located for the 180 days immediately preceding the filing of the petition, or for a longer portion of the 180-day period than in any other place, and the debtors interest as a tenant by the entirety or joint tenant to the extent the interest is exempt from process under applicable nonbankruptcy law.
11 U.S.C. 522(b)(2)
DESCRIPTION OF PROPERTY
All personal property described in Secs. 26 and 27 of Schedule CRS 13-54(1)(i) B above (equipment, supplies, etc.)
$12,970
$12,970
DISPUTED
ACCOUNT NO.
VALUE $
ACCOUNT NO.
VALUE $
ACCOUNT NO.
VALUE $
ACCOUNT NO.
VALUE $
$ Subtotal' (Total of this page) Total' $ (Use only on last page) (Report total also on Summary of Schedules)
In re
Check this box if debtor has no creditors holding unsecured priority claims to report on this Schedule E.
TYPES OF PRIORITY CLAIMS (Check the appropriate box(es) below if claims in that category are listed on the attached sheets)
Extensions of credit in an involuntary case Claims arising in the ordinary course of the debtor's business or financial affairs after the commencement of the case but before the earlier of the appointment of a trustee or the order for relief. 11 U.S.C. 507(a)(2). Wages, salaries, and commissions Wages, salaries, and commissions, including vacation, severance, and sick leave pay owing to employees and commissions owing to qualifying independent sales representatives up to $4,650* per person earned within 90 days immediately preceding the filing of the original petition, or the cessation of business, whichever occurred first, to the extent provided in 11 U.S.C. 507(a)(3). Contributions to employee benefit plans Money owed to employee benefit plans for services rendered within 180 days immediately preceding the filing of the original petition, or the cessation of business, whichever occurred first, to the extent provided in 11 U.S.C. 507(a)(4). Certain farmers and fishermen Claims of certain farmers and fishermen, up to $4,650* per farmer or fisherman, against the debtor, as provided in 11 U.S.C. 507(a)(5). Deposits by individuals Claims of individuals up to $2,100* for deposits for the purchase, lease, or rental of property or services for personal, family, or household use, that were not delivered or provided. 11 U.S.C. 507(a)(6).
G Check this box if debtor has no creditors holding unsecured claims to report on this Schedule F.
UNLIQUIDATED CONTINGENT CODEBTOR
HUSBAND, WIFE, JOINT, OR COMMUNITY
CREDITORS NAME, MAILING ADDRESS INCLUDING ZIP CODE, AND ACCOUNT NUMBER (See instructions above.)
DATE CLAIM WAS INCURRED AND CONSIDERATION FOR CLAIM. IF CLAIM IS SUBJECT TO SETOFF, SO STATE.
DISPUTED
AMOUNT OF CLAIM
ACCOUNT NO.
N/A
New P.S.T. Intermediary, L.L.C. 4770 E. 51st Ave. Denver, CO 80216 ACCOUNT NO. N/A T.M.T. Trucking, Co. 4770 E. 51st Ave. Denver, CO 80216
ACCOUNT NO.
N/A
$96,000
ACCOUNT NO.
$ 896,000
Debtor.
(If known)
NAME AND MAILING ADDRESS, INCLUDING ZIP CODE, OF OTHER PARTIES TO LEASE OR CONTRACT
New P.S.T. Intermediary, L.L.C. and T.M.T. Trucking, Co. 4770 E. 51st Ave. Denver, CO 80216
Lease for 4900 Dahlia St., commercial space where Debtor is the tenant operating its business.
Lease for growing equipment and electrical equipment used in Debtor's business at 4900 Dahlia St.
SCHEDULE H - CODEBTORS
Provide the information required concerning any person or entity, other than a spouse in a joint case, that is also liable on any debts listed by debtor in the schedules of creditors. Include all guarantors and co-signers. In community property states, a married debtor not filing a joint case should report the name and address of the non-debtor spouse on this schedule. Include all names used by the nondebtor spouse during the six years immediately preceding the commencement of this case.
X q
Date__________________________________________
Date__________________________________________
Signature___________________________________________________________ (Joint Debtor, if any) [If joint case, both spouses must sign
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CERTIFICATION AND SIGNATURE OF NON-ATTORNEY BANKRUPTCY PETITION PREPARER (See 11 U.S.C. 110)
I certify that I am a bankruptcy petition preparer as defined in 11 U.S.C. 110, that I prepared this document for compensation, and that I have provided the debtor with a copy of this document. _____________________________________________________ Printed or Typed Name of Bankruptcy Petition Preparer _____________________________________________________ _____________________________________________________ Address Name and Social Security numbers of all other individuals who prepared or assisted in preparing this document: If more than one person prepared this document, attach additional signed sheets conforming to the appropriate Official Form for each person. ________________________________________ Social Security Number
_______________________________________ Date
A bankruptcy petition preparers failure to comply with the provisions of title 11 and the Federal Rules of Bankruptcy Procedure may result in fines or imprisonment or both. 11 U.S.C. 110; 18 U.S.C. 156. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Manager I, the ___________________________________ [the president or other officer or an authorized agent of the corporation or member or an authorized agent of LLC the partnership] of the ___________________________ [corporation or partnership] named as debtor in this case, declare under penalty of perjury that I have read 10 the foregoing summary and schedules, consisting of _______ sheets, and that they are true and correct to the best of my knowledge, information, and belief.
Date ________________________________________
May 1, 2012
[An individual signing on behalf of a partnership or corporation must indicate position or relationship to debtor.] ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Penalty for making a false statement or concealing property. Fine of up to $500,000 or imprisonment for up to 5 years or both. 18 U.S.C. 152 and 3571.
IN RE
CASE NO.
DEBTOR(S)
CHAPTER
11
The above named Debtor(s) hereby verifies that the attached matrix list of creditors is true and correct to the best of our knowledge. Date: May 1, 2012 /s/ Vince Austin, for CGO Enteprise LLC
Debtor
Joint Debtor