Preview
INDEX NO. 656413/2023
NYSCEF DOC. NO. 77 RECEIVED NYSCEF: 02/29/2024
EXHIBIT B
Voluntary Chapter 11 Bankruptcy Petition of 14 Vesey Street Partners (Del) LLC
(FILED: NEW_YO COUNTY. CLERK 02 412:33 P y) INDEX NO. 656413/2023
L$
NYSCEF DOCS ONY. 777-900" ed U
Document Page 1 0}
4 OSES BR EDR MAING 29/2024
PUG R elecom OMe Colm
United States Bankruptcy Court for the:
DISTRICT OF NEW JERSEY
Case number (if known) Chapter 11
1 Check if this an
amended filing
Official Form 201
Voluntary Petition for Non-Individuals Filing for Bankruptcy 06/22
If more space is needed, attach a separate sheet to this form. On the top of any additional pages, write the debtor's name and the case number (if
known). For more information, a separate document, Instructions for Bankruptcy Forms for Non-Individuals, is available.
Debtor's name 14 Vesey Street Partners (Del) LLC
All other names debtor
used in the last 8 years
Include any assumed
names, trade names and
doing business as names
Debtor's federal
Employer Identification 86-3294308
Number (EIN)
Debtor's address Principal place of business Mailing address, if different from principal place of
business
5 Ocean Place
Loch Arbour, NJ 07711
Number, Street, City, State & ZIP Code P.O. Box, Number, Street, City, State & ZIP Code
Monmouth Location of principal assets, if different from principal
County place of business
Number, Street, City, State & ZIP Code
5. Debtor's website (URL)
6. Type of debtor Corporation (including Limited Liability Company (LLC) and Limited Liability Partnership (LLP))
1 Partnership (excluding LLP)
O other. specify:
Official Form 201 Voluntary Petition for Non-Individuals Filing for Bankruptcy page 1
(FILED: NEW_YO CO TY. CLER 02729720 INDEX NO. 656413/2023
NYSCEF DOCS ONY. 777-900" ted
Document
O27 28/24
Page 2 of 5
O9RLE SR EDR AIN92/29/2024
Debtor JTRE 14 Vesey LLC Case number (it known)
Name
7. Describe debtor's business A. Check one:
0 Health Care Business (as defined in 11 U.S.C. § 101(27A)
Single Asset Real Estate (as defined in 11 U.S.C. § 101(51B))
O. Railroad (as defined in 11 U.S.C. § 101(44))
C1 Stockbroker (as defined in 11 U.S.C. § 101(53A);
0 Commodity Broker (as defined in 11 U.S.C. § 101(6))
O Clearing Bank (as defined in 11 U.S.C. § 781(3)
BBE None of the above
B. Check all that apply
1 Tax-exempt entity (as described in 26 U.S.C. §501
O. investment company, including hedge fund or pooled investment vehicle (as defined in 15 U.S.C. §80a-3)
T Investment advisor (as defined in 15 U.S.C. §80b-2(a)(11
C. NAICS (North American Industry Classification System) 4-digit code that best describes debtor. See
http://www.uscourts.gov/four-digit-national-association-naics-codes.
—
Under which chapter of the Check one.
Bankruptcy Code is the O Chapter 7
debtor filing?
A debtor who is a “small O Chapter 9
business debtor” must check Hi Chapter11. Check all that apply:
the first sub-box. A debtor as
defined in § 1182(1) who Oo The debtor is a small business debtor as defined in 11 U.S.C. § 101(51D), and its aggregate
elects to proceed under noncontingent liquidated debts (excluding debts owed to insiders or affiliates) are less than
subchapter V of chapter 11 $3,024,725. If this sub-box is selected, attach the most recent balance sheet, statement of
(whether or not the debtor is a operations, cash-flow statement, and federal income tax return or if any of these documents do not
‘small business debtor’) must exist, follow the procedure in 11 U.S.C. § 1116(1
check the second sub-box.
The debtor is a debtor as defined in 11 U.S.C. § 1182(1), its aggregate noncontingent liquidated
debts (excluding debts owed to insiders or affiliates) are less than $7,500,000, and it chooses to
proceed under Subchapter V of Chapter 11. If this sub-box is selected, attach the most recent
balance sheet, statement of operations, cash-flow statement, and federal income tax return, or if
any of these documents do not exist, follow the procedure in 11 U.S.C. § 1116(1)(B)
Aplan is being filed with this petition
Acceptances of the plan were solicited prepetition from one or more classes of creditors, in
accordance with 11 U.S.C. § 1126(b).
The debtor is required to file periodic reports (for example, 10K and 10Q) with the Securities and
Exchange Commission according to § 13 or 15(d) of the Securities Exchange Act of 1934. File the
Attachment to Voluntary Petition for Non-Individuals Filing for Bankruptcy under Chapter 11
(Official Form 201A) with this form
The debtor is a shell company as defined in the Securities Exchange Act of 1934 Rule 12b-2.
O Chapter 12
Were prior bankruptcy Hi No.
cases filed by or against
the debtor within the last 8 O ves.
years?
If more than 2 cases, attach a
separate list. District When Case number
District When Case number
Official Form 201 Voluntary Petition for Non-Individuals Filing for Bankruptcy page 2
(FILED: NEW_YO CO TY. CLER 02729720 INDEX NO. 656413/2023
NYSCEF DOCS ONY. 777-900" ited 02728124
Document
Entered
Page 3 of 5
02128724 09 REE ER ED ARSC AN92/29/2024
Debtor JTRE 14 Vesey LLC Case number (it known)
Name
10. Are any bankruptcy cases HNo
pending or being filed by a
business partner or an O ves.
affiliate of the debtor?
List all cases. If more than 1
attach a separate list Debtor Relationship
District When Case number, if known
1 Why is the case filed in Check all that apply:
this district?
a Debtor has had its domicile, principal place of business, or principal assets in this district for 180 days immediately
preceding the date of this petition or for a longer part of such 180 days than in any other district.
oO Abankruptcy case concerning debtor's affiliate, general partner, or partnership is pending in this district.
12. Does the debtor own or No
have possession of any ‘Answer below for each property that needs immediate attention. Attach additional sheets if needed.
real property or personal O ves.
property that needs
immediate attention? Why does the property need immediate attention? (Check all that apply.)
Di It poses or is alleged to pose a threat of imminent and identifiable hazard to public health or safety.
What is the hazard?
Ti It needs to be physically secured or protected from the weather.
i It includes perishable goods or assets that could quickly deteriorate or lose value without attention (for example,
livestock, seasonal goods, meat, dairy, produce, or securities-related assets or other options)
O Other
Where is the property?
Number, Street, City, State & ZIP Code
Is the property insured?
ONo
O ves. Insurance agency
Contact name
Phone
i Statistical and administrative information
13. Debtor's estimation of Check one:
available funds
I Funds will be available for distribution to unsecured creditors.
After any administrative expenses are paid, no funds will be available to unsecured creditors.
14. Estimated number of Wi-49 0 1,000-5,000 0 25,001-50,000
creditors 01 5001-10,000 01 50,001-100,000
050-99
O 100-199 10,001-25,000 O More than100,000
O 200-999
15. Estimated Assets Bi s0 - $50,000 0 $1,000,001 - $10 million 0 $500,000,001 - $1 billion
1 $50,001 - $100,000 $10,000,001 - $50 million 0 $1,000,000,001 - $10 billion
1 $100,001 - $500,000 0 $50,000,001 - $100 million 0 $10,000,000,001 - $50 billion
1 $500,001 - $1 million 1 $100,000,001 - $500 million O More than $50 billion
16. Estimated liabi D $0 - $50,000 0 $1,000,001 - $10 million 0 $500,000,001 - $1 billion
Official Form 201 Voluntary Petition for Non-Individuals Filing for Bankruptcy page 3
(FILED: NEW_YO CO TY. CLER 02729720 INDEX NO. 656413/2023
NYSCEF DOCS ONY. 777-9007 ited 02728124 Entered 02/287 4 O98 3A epPR REMAIN /29/2024
Document Page 4 of 5
Debtor JTRE 14 Vesey LLC Case number (it known)
Name
BB $50,001 - $100,000 $10,000,001 - $50 million 0 $1,000,000,001 - $10 billion
1 $100,001 - $500,000 0 $50,000,001 - $100 million 0 $10,000,000,001 - $50 billion
1 $500,001 - $1 million 1 $100,000,001 - $500 million O More than $50 billion
Official Form 201 Voluntary Petition for Non-Individuals Filing for Bankruptcy page 4
(FILED: NEW_YO CO TY. CLER 02729720 INDEX NO. 656413/2023
NYSCEF DOCS ONY. 777-900" ited 02728124
Document
Entered
Page 5 of 5
02128724 09 REE ER ED ARSC AN92/29/2024
Debtor JTRE 14 Vesey LLC Case number (it known)
Name
i Request for Relief, Declaration, and Signatures
WARNING -- Bankruptcy fraud is a serious crime. Making a false statement in connection with a bankruptcy case can result in fines up to $500,000 or
imprisonment for up to 20 years, or both. 18 U.S.C. §§ 152, 1341, 1519, and 3571
17. Declaration and signature
of authorized The debtor requests relief in accordance with the chapter of title 11, United States Code, specified in this petition
representative of debtor
| have been authorized to file this petition on behalf of the debtor.
| have examined the information in this petition and have a reasonable belief that the information is true and correct.
I declare under penalty of perjury that the foregoing is true and correct.
Executed on February 28, 2024
MM/DD/YYYY
X Is! David Goldwasser David Goldwasser
Signature of authorized representative of debtor Title Printed name
VP Restructuring / Authorizied Signer
18. Signature of attorney x /s/ Eric H. Horn Date February 28, 2024
Signature of attorney for debtor MM/DD/YYYY
Eric H. Horn
Printed name
A.Y. Strauss LLC
Firm name
290 West Mount Pleasant Avenue, Suite 3260
Livingston, NJ 07039
Number, Street, City, State & ZIP Code
Contact phone 973-287-5006 Email address ehorn@aystrauss.com
003822005; New Jersey
Bar number and State
Official Form 201 Voluntary Petition for Non-Individuals Filing for Bankruptcy page 5
Preview
INDEX NO. 656413/2023 NYSCEF DOC. NO. 77 RECEIVED NYSCEF: 02/29/2024 EXHIBIT B Voluntary Chapter 11 Bankruptcy Petition of 14 Vesey Street Partners (Del) LLC (FILED: NEW_YO COUNTY. CLERK 02 412:33 P y) INDEX NO. 656413/2023 L$ NYSCEF DOCS ONY. 777-900" ed U Document Page 1 0} 4 OSES BR EDR MAING 29/2024 PUG R elecom OMe Colm United States Bankruptcy Court for the: DISTRICT OF NEW JERSEY Case number (if known) Chapter 11 1 Check if this an amended filing Official Form 201 Voluntary Petition for Non-Individuals Filing for Bankruptcy 06/22 If more space is needed, attach a separate sheet to this form. On the top of any additional pages, write the debtor's name and the case number (if known). For more information, a separate document, Instructions for Bankruptcy Forms for Non-Individuals, is available. Debtor's name 14 Vesey Street Partners (Del) LLC All other names debtor used in the last 8 years Include any assumed names, trade names and doing business as names Debtor's federal Employer Identification 86-3294308 Number (EIN) Debtor's address Principal place of business Mailing address, if different from principal place of business 5 Ocean Place Loch Arbour, NJ 07711 Number, Street, City, State & ZIP Code P.O. Box, Number, Street, City, State & ZIP Code Monmouth Location of principal assets, if different from principal County place of business Number, Street, City, State & ZIP Code 5. Debtor's website (URL) 6. Type of debtor Corporation (including Limited Liability Company (LLC) and Limited Liability Partnership (LLP)) 1 Partnership (excluding LLP) O other. specify: Official Form 201 Voluntary Petition for Non-Individuals Filing for Bankruptcy page 1 (FILED: NEW_YO CO TY. CLER 02729720 INDEX NO. 656413/2023 NYSCEF DOCS ONY. 777-900" ted Document O27 28/24 Page 2 of 5 O9RLE SR EDR AIN92/29/2024 Debtor JTRE 14 Vesey LLC Case number (it known) Name 7. Describe debtor's business A. Check one: 0 Health Care Business (as defined in 11 U.S.C. § 101(27A) Single Asset Real Estate (as defined in 11 U.S.C. § 101(51B)) O. Railroad (as defined in 11 U.S.C. § 101(44)) C1 Stockbroker (as defined in 11 U.S.C. § 101(53A); 0 Commodity Broker (as defined in 11 U.S.C. § 101(6)) O Clearing Bank (as defined in 11 U.S.C. § 781(3) BBE None of the above B. Check all that apply 1 Tax-exempt entity (as described in 26 U.S.C. §501 O. investment company, including hedge fund or pooled investment vehicle (as defined in 15 U.S.C. §80a-3) T Investment advisor (as defined in 15 U.S.C. §80b-2(a)(11 C. NAICS (North American Industry Classification System) 4-digit code that best describes debtor. See http://www.uscourts.gov/four-digit-national-association-naics-codes. — Under which chapter of the Check one. Bankruptcy Code is the O Chapter 7 debtor filing? A debtor who is a “small O Chapter 9 business debtor” must check Hi Chapter11. Check all that apply: the first sub-box. A debtor as defined in § 1182(1) who Oo The debtor is a small business debtor as defined in 11 U.S.C. § 101(51D), and its aggregate elects to proceed under noncontingent liquidated debts (excluding debts owed to insiders or affiliates) are less than subchapter V of chapter 11 $3,024,725. If this sub-box is selected, attach the most recent balance sheet, statement of (whether or not the debtor is a operations, cash-flow statement, and federal income tax return or if any of these documents do not ‘small business debtor’) must exist, follow the procedure in 11 U.S.C. § 1116(1 check the second sub-box. The debtor is a debtor as defined in 11 U.S.C. § 1182(1), its aggregate noncontingent liquidated debts (excluding debts owed to insiders or affiliates) are less than $7,500,000, and it chooses to proceed under Subchapter V of Chapter 11. If this sub-box is selected, attach the most recent balance sheet, statement of operations, cash-flow statement, and federal income tax return, or if any of these documents do not exist, follow the procedure in 11 U.S.C. § 1116(1)(B) Aplan is being filed with this petition Acceptances of the plan were solicited prepetition from one or more classes of creditors, in accordance with 11 U.S.C. § 1126(b). The debtor is required to file periodic reports (for example, 10K and 10Q) with the Securities and Exchange Commission according to § 13 or 15(d) of the Securities Exchange Act of 1934. File the Attachment to Voluntary Petition for Non-Individuals Filing for Bankruptcy under Chapter 11 (Official Form 201A) with this form The debtor is a shell company as defined in the Securities Exchange Act of 1934 Rule 12b-2. O Chapter 12 Were prior bankruptcy Hi No. cases filed by or against the debtor within the last 8 O ves. years? If more than 2 cases, attach a separate list. District When Case number District When Case number Official Form 201 Voluntary Petition for Non-Individuals Filing for Bankruptcy page 2 (FILED: NEW_YO CO TY. CLER 02729720 INDEX NO. 656413/2023 NYSCEF DOCS ONY. 777-900" ited 02728124 Document Entered Page 3 of 5 02128724 09 REE ER ED ARSC AN92/29/2024 Debtor JTRE 14 Vesey LLC Case number (it known) Name 10. Are any bankruptcy cases HNo pending or being filed by a business partner or an O ves. affiliate of the debtor? List all cases. If more than 1 attach a separate list Debtor Relationship District When Case number, if known 1 Why is the case filed in Check all that apply: this district? a Debtor has had its domicile, principal place of business, or principal assets in this district for 180 days immediately preceding the date of this petition or for a longer part of such 180 days than in any other district. oO Abankruptcy case concerning debtor's affiliate, general partner, or partnership is pending in this district. 12. Does the debtor own or No have possession of any ‘Answer below for each property that needs immediate attention. Attach additional sheets if needed. real property or personal O ves. property that needs immediate attention? Why does the property need immediate attention? (Check all that apply.) Di It poses or is alleged to pose a threat of imminent and identifiable hazard to public health or safety. What is the hazard? Ti It needs to be physically secured or protected from the weather. i It includes perishable goods or assets that could quickly deteriorate or lose value without attention (for example, livestock, seasonal goods, meat, dairy, produce, or securities-related assets or other options) O Other Where is the property? Number, Street, City, State & ZIP Code Is the property insured? ONo O ves. Insurance agency Contact name Phone i Statistical and administrative information 13. Debtor's estimation of Check one: available funds I Funds will be available for distribution to unsecured creditors. After any administrative expenses are paid, no funds will be available to unsecured creditors. 14. Estimated number of Wi-49 0 1,000-5,000 0 25,001-50,000 creditors 01 5001-10,000 01 50,001-100,000 050-99 O 100-199 10,001-25,000 O More than100,000 O 200-999 15. Estimated Assets Bi s0 - $50,000 0 $1,000,001 - $10 million 0 $500,000,001 - $1 billion 1 $50,001 - $100,000 $10,000,001 - $50 million 0 $1,000,000,001 - $10 billion 1 $100,001 - $500,000 0 $50,000,001 - $100 million 0 $10,000,000,001 - $50 billion 1 $500,001 - $1 million 1 $100,000,001 - $500 million O More than $50 billion 16. Estimated liabi D $0 - $50,000 0 $1,000,001 - $10 million 0 $500,000,001 - $1 billion Official Form 201 Voluntary Petition for Non-Individuals Filing for Bankruptcy page 3 (FILED: NEW_YO CO TY. CLER 02729720 INDEX NO. 656413/2023 NYSCEF DOCS ONY. 777-9007 ited 02728124 Entered 02/287 4 O98 3A epPR REMAIN /29/2024 Document Page 4 of 5 Debtor JTRE 14 Vesey LLC Case number (it known) Name BB $50,001 - $100,000 $10,000,001 - $50 million 0 $1,000,000,001 - $10 billion 1 $100,001 - $500,000 0 $50,000,001 - $100 million 0 $10,000,000,001 - $50 billion 1 $500,001 - $1 million 1 $100,000,001 - $500 million O More than $50 billion Official Form 201 Voluntary Petition for Non-Individuals Filing for Bankruptcy page 4 (FILED: NEW_YO CO TY. CLER 02729720 INDEX NO. 656413/2023 NYSCEF DOCS ONY. 777-900" ited 02728124 Document Entered Page 5 of 5 02128724 09 REE ER ED ARSC AN92/29/2024 Debtor JTRE 14 Vesey LLC Case number (it known) Name i Request for Relief, Declaration, and Signatures WARNING -- Bankruptcy fraud is a serious crime. Making a false statement in connection with a bankruptcy case can result in fines up to $500,000 or imprisonment for up to 20 years, or both. 18 U.S.C. §§ 152, 1341, 1519, and 3571 17. Declaration and signature of authorized The debtor requests relief in accordance with the chapter of title 11, United States Code, specified in this petition representative of debtor | have been authorized to file this petition on behalf of the debtor. | have examined the information in this petition and have a reasonable belief that the information is true and correct. I declare under penalty of perjury that the foregoing is true and correct. Executed on February 28, 2024 MM/DD/YYYY X Is! David Goldwasser David Goldwasser Signature of authorized representative of debtor Title Printed name VP Restructuring / Authorizied Signer 18. Signature of attorney x /s/ Eric H. Horn Date February 28, 2024 Signature of attorney for debtor MM/DD/YYYY Eric H. Horn Printed name A.Y. Strauss LLC Firm name 290 West Mount Pleasant Avenue, Suite 3260 Livingston, NJ 07039 Number, Street, City, State & ZIP Code Contact phone 973-287-5006 Email address ehorn@aystrauss.com 003822005; New Jersey Bar number and State Official Form 201 Voluntary Petition for Non-Individuals Filing for Bankruptcy page 5