Order Approving Terry Vance as CRO

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							                                                                                             DISTRICT OF OREGON
                        Case 08-37031-rld11              Doc 165          Filed 02/14/09          FILED
                                                                                                February 12, 2009
                                                                                           Clerk, U.S. Bankruptcy Court

 1

 2     Below is an Order of the Court.

 3

 4

 5

 6
                                                                           _______________________________________
 7                                                                                     RANDALL L. DUNN
                                                                                     U.S. Bankruptcy Judge
 8

 9

10                      IN THE UNITED STATES BANKRUPTCY COURT
                                   DISTRICT OF OREGON
11
     In re                                                    )
12                                                            )   Case No. 08-37031-rld11
     Summit Accommodators, Inc., an Oregon                    )
13   corporation, dba Summit 1031 Exchange,                   )   ORDER APPROVING EMPLOYMENT OF
                                                              )   TYRELL B. VANCE LLC AS CHIEF
14                                   Debtor.                  )   RESTRUCTURING OFFICER OF THE
                                                                  DEBTOR (Docket No. 7)
15

16           The court considered the Debtor’s Motion to Assume CRO Retention Agreement

17   (“Assumption Motion”) (Docket No. 7) at a hearing held on December 31, 2008 and a

18   continued hearing held January 21, 2009. Based upon the records and files herein,

19   including the arguments of counsel and record of proceedings held on January 21,

20   2009, it is

21           ORDERED:

22           1.       The employment of Tyrell B. Vance, LLC (“Vance”), in his capacity as

23   Chief Restructuring Officer (“CRO”) for the Debtor is approved pursuant to 11 USC §

24   327(a) and the terms of the CRO Retention Agreement (“Agreement”) attached to the

25   Debtor’s Assumption Motion except as otherwise expressly provided herein.                             The

26
     Page 1 - ORDER APPROVING EMPLOYMENT OF TYRELL B. VANCE LLC AS CHIEF
     RESTRUCTURING OFFICER OF THE DEBTOR (Docket No. 7)


                                        SUSSMAN SHANK LLP, ATTORNEYS AT LAW
                              1000 SW BROADWAY, SUITE 1400, PORTLAND, OREGON 97205-3089
                                    TELEPHONE (503) 227-1111 | FACSIMILE (503) 248-0130
                         Case 08-37031-rld11              Doc 165          Filed 02/14/09



 1   Assumption Motion shall not be granted but shall instead be treated for all purposes as

 2   the Debtor’s Application to Employ Vance as CRO for the Debtor.

 3          2. As CRO of the Debtor, Vance shall be responsible to and only to the Court

 4   and shall act as a fiduciary of the estate in a manner akin to a Bankruptcy Trustee.

 5   Vance shall not be responsible to nor shall Vance take actions pursuant to any

 6   instructions by the Debtor’s existing Board of Directors, officers or shareholders. Vance

 7   shall be the exclusive holder of the attorney-client privilege of the Debtor.

 8          3. The terms of paragraph 8 of the Agreement shall be

 9   deleted and the following provisions are approved in place of such provisions:

10   “To the fullest extent permitted by law, Debtor shall indemnify, defend and hold

11   harmless Vance as CRO from and against all claims, liabilities, losses and damages

12   incurred by him to any third party as a result of the performance of his duties hereunder,

13   except that Vance shall not be entitled to indemnification from the Debtor for any breach

14   of fiduciary duty or negligence by Vance as CRO.”

15   ///

16   ///

17   ///

18   ///

19   ///

20   ///

21   ///

22   ///

23   ///

24   ///

25   ///

26   ///
     Page 2 - ORDER APPROVING EMPLOYMENT OF TYRELL B. VANCE LLC AS CHIEF
     RESTRUCTURING OFFICER OF THE DEBTOR (Docket No. 7)


                                         SUSSMAN SHANK LLP, ATTORNEYS AT LAW
                               1000 SW BROADWAY, SUITE 1400, PORTLAND, OREGON 97205-3089
                                     TELEPHONE (503) 227-1111 | FACSIMILE (503) 248-0130
                              Case 08-37031-rld11               Doc 165          Filed 02/14/09



 1           4. Compensation of Vance shall be in accordance with 11 USC § 330. The

 2   retainer paid to Vance by Debtor prior to the Petition Date shall be subject to any

 3   reservation of creditors to assert that the retainer payment to Vance is property of a

 4   particular creditor, rather than of Debtor or the estate. The retainer shall not be applied

 5   without Court approval pursuant to § 330.

 6

 7                                                           ###

 8
     PRESENTED BY:
 9
     SUSSMAN SHANK LLP
10
     /s/ Susan S. Ford
11
     Susan S. Ford, OSB No. 84220
12   Thomas W. Stilley, OSB No. 88316
     Attorneys for Debtor and Debtor-In-Possession
13

14

15

16
     F:\CLIENTS\20304\002\PLEADINGS\P-ORDER APPROVING EMPLOYMENT OF TYRELL B. VANCE LLC AS CRO.DOC
17

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     Page 3 - ORDER APPROVING EMPLOYMENT OF TYRELL B. VANCE LLC AS CHIEF
     RESTRUCTURING OFFICER OF THE DEBTOR (Docket No. 7)


                                               SUSSMAN SHANK LLP, ATTORNEYS AT LAW
                                     1000 SW BROADWAY, SUITE 1400, PORTLAND, OREGON 97205-3089
                                           TELEPHONE (503) 227-1111 | FACSIMILE (503) 248-0130
                         Case 08-37031-rld11   Doc 165    Filed 02/14/09



                              MASTER SERVICE LIST
            In re Summit Accommodators, Inc. dba Summit 1031 Exchange
                              Case No. 08-37031-rld11

Summit Accommodators, Inc.                        Ronald R. Miller
dba Summit 1031 Exchange                          18775 Pinehurst Rd.
1567 SW Chandler Ave., Ste. 101                   Bend, OR 97701
Bend, OR 97702
       Debtor                                     Nodding Onion, LLC
                                                  c/o Rolland B. Andrews
Securities and Exchange Commission                629 Lower Valley Rd
SEC Headquarters                                  Kalispell, MT 59901
100 F Street, NE
Washington, DC 20549                              Points West Holdings, Inc.
                                                  c/o Ron W. Jones
IRS                                               291 East 1400 South #6
PO Box 21126                                      St. George, UT 84790
Philadelphia, PA 19114
                                                  Tenneson Engineering Corp.
IRS                                               c/o Ben Beseda
1220 SW Third Ave. M/S 0240                       3313 W Second Str, Ste. 100
Portland, OR 97204                                The Dalles, OR 97058

TENNANT INVESTORS
c/o Annie Tennant Buell
6200 Buena Vista Drive
Vancouver, WA 98661
Ph: (360) 694-8119
Fax: (360) 936-1142
Email: anniebuell@gmail.com
        Creditors’ Committee Chair

CHARLES MOSTER
620 Congress Ave #320
Austin, TX 78701

Alessandro Family Trust
c/o Michael Alessandro
880 Snow King Ave
Jackson, WY 83001

Bull Creek Apartments Ltd.
c/o Diana G. Zuniga
602 W. 7th Str
Austin, TX 78701

Lewis Interests, Ltd
c/o William C. Pollard
800 Rio Grande
Austin, TX 78701

Bert Manuel
1821 Samuel James Ct
Yuba City, CA 95993




Page 1 – Service List
                  Case 08-37031-rld11   Doc 165   Filed 02/14/09




   N   STEVEN M BOWERS steve@stevebowers.com
   N   JOSHUA J BUSEY bmaloney@cbblawfirm.com, jbusey@cbblawfirm.com
   N   DAVID A FORAKER david.foraker@greenemarkley.com,
       joyce.chartrand@greenemarkley.com
   N   SUSAN S FORD susanf@sussmanshank.com, ecf.susan.ford@sussmanshank.com
   N   MARTIN E HANSEN meh@francishansen.com, kathy@francishansen.com
   N   DAVID W HERCHER dave.hercher@millernash.com,
       teri.cochran@millernash.com;d.hercher@comcast.net
   N   RICHARD S HOFFMAN rhoff88302@aol.com, solanalaw@hotmail.com
   N   SCOTT L JENSEN slj@brownrask.com, lac@brownrask.com
   N   CARTER M MANN mannc@fosterpdx.com, erwil@fosterpdx.com
   N   MARTIN P MEYERS martin@sussmanshank.com,
       ecf.martin.meyers@sussmanshank.com
   N   JOHN CASEY MILLS casey.mills@millernash.com, brenda.hale@millernash.com
   N   ERIC OLMSTEAD eolmstead@barney-mckenna.com, cnavas@barney-mckenna.com
   N   SHAWN P RYAN shawn@sryanlaw.com, samantha@sryanlaw.com
   N   TARA J SCHLEICHER tschleicher@fwwlaw.com,
       dfallon@fwwlaw.com;sormsby@fwwlaw.com
   N   LOREN S SCOTT ecf@mb-lawoffice.com
   N   THOMAS W STILLEY tom@sussmanshank.com, janine@sussmanshank.com
   N   JEANETTE L THOMAS JThomas@perkinscoie.com,
       etherrien@perkinscoie.com;docketpor@perkinscoie.com
   N   US Trustee, Portland USTPRegion18.PL.ECF@usdoj.gov
   N   ROBERT J VANDEN BOS vbcservice@yahoo.com, vbcservice@msn.com
   N   JOSEPH M VANLEUVEN joevanleuven@dwt.com, marciebutler@dwt.com
   N   LAURA J WALKER lwalker@chbh.com, kharris@cablehuston.com




Page 2 – Service List
                                     Case 08-37031-rld11              Doc 165         Filed 02/14/09
                                CERTIFICATE OF NOTICE
 District/off: 0979-3                 User: linda                         Page 1 of 1                         Date Rcvd: Feb 12, 2009
 Case: 08-37031                       Form ID: pdf018                     Total Served: 1

 The following entities were served by first class mail on Feb 14, 2009.
 db            Summit Accommodators, Inc.,   1567 SW Chandler Ave, Suite 101,                       Bend, OR     97702-3257
 The following entities were served by electronic transmission.
 NONE.                                                                                                              TOTAL: 0
              ***** BYPASSED RECIPIENTS *****
 NONE.                                                                                                              TOTAL: 0




I, Joseph Speetjens, declare under the penalty of perjury that I have served the attached document on the above listed entities in the manner
shown, and prepared the Certificate of Notice and that it is true and correct to the best of my information and belief.

Meeting of Creditor Notices only (Official Form 9): Pursuant to Fed. R. Bank. P. 2002(a)(1), a notice containing the complete Social Security
Number (SSN) of the debtor(s) was furnished to all parties listed. This official court copy contains the redacted SSN as required by the
bankruptcy rules and the Judiciary’s privacy policies.




Date: Feb 14, 2009                                      Signature:

						
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