Gator Apple has not filed its bankruptcy Schedules and Statement of Financial Affairs yet but they are due to be filed by October 5th absent an extension from the Court. In the meantime, the Debtor filed a Chapter 11 Case Management Summary [Docket Entry 7] (“CMS”) which provides some additional information. According to the CMS, Gator Apple was a business that owned several Applebees Restaurants in Florida and Georgia which were sold in 2013. The CMS further provides that Gator Apple filed chapter 11 to “reorganize and clear debt,” including $293,152.20 of priority sales tax and IRS claims and $4,648,944.20 of secured claims held by Empire Apple Holdings, LLC, Ford & Harrison LLP and the State of Florida. Finally, the CMS outlines that Gator Apple’s remaining assets include “2 servers valued at $1000; cash on hand $200; and a deposit in the amount of $1,794,656.50 posted with the District Court, Dallas County Texas”.
Events and deadlines have been scheduled by the Court in the Gator Apple Chapter 11 case. The meeting of creditors is currently scheduled for October 29, 2015 at the Flagler Waterview Bldg, 1515 N. Flagler Dr., Room 870, West Palm Beach, Florida. The meeting of creditors is conducted by an attorney or representative for the U.S. Trustee’s office. A representative for Gator Apple will be present at the meeting and sworn to answer questions under penalty of perjury. Creditors may attend and ask Gator Apple’s representative questions pertaining to Gator Apple’s schedules, financial affairs, assets, their claim or any other matter pertinent to the administration of the bankruptcy case. The representative from the U.S. Trustee’s office will also ask questions.
The current deadline for creditors (except a governmental unit) to file a proof of claim is January 27, 2016.
Heather L. Ries is an attorney with the Financial Restructuring and Bankruptcy Department of the law firm of Fox Rothschild LLP. Heather focuses her practice in matters related to bankruptcy, creditors’ rights, commercial workout and foreclosure disputes, and commercial litigation. You can contact Heather at 561-804-4419 or hries@foxrothschild.com.