DISTRICT OF OREGON
Case 08-37031-rld11 Doc 165 Filed 02/14/09 FILED
February 12, 2009
Clerk, U.S. Bankruptcy Court
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2 Below is an Order of the Court.
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7 RANDALL L. DUNN
U.S. Bankruptcy Judge
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10 IN THE UNITED STATES BANKRUPTCY COURT
DISTRICT OF OREGON
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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)
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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
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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.”
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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.
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PRESENTED BY:
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SUSSMAN SHANK LLP
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/s/ Susan S. Ford
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Susan S. Ford, OSB No. 84220
12 Thomas W. Stilley, OSB No. 88316
Attorneys for Debtor and Debtor-In-Possession
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F:\CLIENTS\20304\002\PLEADINGS\P-ORDER APPROVING EMPLOYMENT OF TYRELL B. VANCE LLC AS CRO.DOC
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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: