motion for relief from stay on behalf of creditor ccmt properties
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IN THE UNITED STATES BANKRUPTCY COURT
FOR THE EASTERN DISTRICT OF TENNESSEE
AT KNOXVILLE
IN RE: )
)
AMERICAS ENERGY COMPANY )
f/d/b/a TREND TECHNOLOGY ) No. 3:11-bk-35466
CORPORATION, )
)
Debtor. )
MOTION OF CCMT PROPERTIES
FOR RELIEF FROM THE AUTOMATIC STAY
NOTICE OF HEARING
Notice is hereby given that:
A hearing will be held on January 26, 2012 at 10:00 o’clock a.m. in Bankruptcy Courtroom
1-C, Howard H. Baker, Jr. U.S. Courthouse, 800 Market Street, Knoxville, Tennessee
37902, on the following:
Motion of CCMT Properties For Relief From The Automatic Stay
If you do not want the Court to grant the relief requested, you or your attorney must
attend the hearing. If you do not attend the hearing, the Court may decide that you do not
oppose the relief sought in the motion and may enter an order granting that relief.
Pursuant to 11 U.S.C. §362(d)(1) and (2), CCMT Properties (“CCMT”) requests relief
from the automatic stay to permit it to enforce its Deed of Trust (as hereinafter defined). In
support of its motion, CCMT represents:
1. On May 10, 2010, CCMT Properties sold certain improved real property to the
Debtor for the sum of $975,000.00 and financed the full amount at the purchase price as
evidenced by a Promissory Note of the same date (the “Note”). A copy of the Note is attached
hereto as Exhibit A.
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2. To secure the payment of the Note, the Debtor executed a Deed of Trust dated
May 10, 2010, which is recorded in the Office of the Register of Deeds for Knox County,
Tennessee as Instrument No. 201005110070743 (the “Deed of Trust”). A copy of the Deed of
Trust is attached hereto as Exhibit B.
3. The Deed of Trust encumbers the Debtor’s real property, which is more
particularly described in the Deed of Trust (the “Property”). The value of the Property is
approximately $850,000 (See Schedule A).
4. The contract rate and the default rate of interest on the Note is 6%. A late charge
of 5% of overdue principal and interest applies to any payment under the Note which is not paid
by the end of fifteen calendar days after the date it is due.
5. As of December 7, 2011, the date of the Debtor’s petition, the principal balance
owed on the Note was $876,462.80; accrued but unpaid interest was in the amount of $8,356.41;
attorney’s fees were in the amount of 2,500.00; and late charges were in the amount of $698.52,
for a total amount due of $888,017.73 as of the petition date. From and after the petition date,
interest has accrued in the amount of $144.08 per day and late charges have accrued in the
amount of $349.26 per month on the 10th
of each month.
6. In addition to the amount owed under the Note, the debtor also owes Knox
County real property taxes in the amount of $8,239.03. The real property taxes constitute a lien
on the Property which is superior to CCMT’s lien.
7. Based upon the amount owed on the real property taxes and the Note, there is no
equity in the Property, and the Property is not necessary for an effective reorganization of the
debtor’s financial affairs.
WHEREFORE, because CCMT’s interest is not adequately protected, because there is no
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equity in the Property securing CCMT’s claim, and because the Property is not necessary for an
effective reorganization, CCMT requests modification of the automatic stay to permit it to
enforce its Deed of Trust in accordance with applicable state law. CCMT also requests the
waiver of the 14-day stay period provided for in Rule 4001(a)(3) of the Federal Rules of
Bankruptcy Procedure.
Respectfully submitted, this 23rd
day of December, 2011.
/s/ Lewis S. Howard, Jr.
Lewis S. Howard, Jr.
(BPR No. 11540)
Howard & Howard, P.C.
4820 Old Kingston Pike
Knoxville, Tennessee 37919
(865) 588-4091
lewis@howardhowardlaw.com
Attorney for CCMT Properties
CERTIFICATE OF SERVICE
The undersigned hereby certifies that on December 23, 2011, the foregoing “Notice of
Hearing,” “Motion of CCMT for Relief From The Automatic Stay,” and proposed “Order
Granting Motion of CCMT Properties for Relief From The Automatic Stay” were filed
electronically and will be served electronically by operation of the Court’s electronic case filing
system on the United States Trustee and James R. Moore. Additionally, the foregoing document
has been served upon the following by mailing a copy thereof by first class mail, in envelopes
addressed as follows, this 23rd
day of December, 2011:
Thomas H. Dickenson, Esq.
P.O. Box 869
530 Gay Street
Knoxville, TN 37901
A-1 Porto John Rentals, Inc. Nelson Brothers, LLC
P.O. Box 357 P.O. Box 741131
Middlesboro, KY 40965 Atlanta, GA 30374-1131
Aramark Uniform Career Apparel The Scoville Firm
Aramark Market Center #542 Lockbox 105 North Main Street
24437 Network Place Loudon, KY 40741
Chicago, IL 60673
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Bruce Bennett Agate, Inc.
Sheriff 1802 Buck Hollow Rd.
P.O. Box 448 New Market, TN 37820
Pineville, KY 40977
Cat Access Account Amanda Ehmann
P.O. Box 905 229 243 N. Peters Rd.
Charlotte, NC 28290 Knoxville, TN 37923
Energy and Environment Cabinet Andrew J. Barwicki
Dept. for Natural Resources 110 Wall Street, 11 Fl.
2 Hudson Hollow New York, NY 40935
Frankfort, KY 40601
Jeffrey D. Cox AY Enteprises
1015 B. Exeter Ave. 67 Possum Hollow Rd.
Middlesboro, KY 40965 Flat Lick, KY 40935
Kentucky Office of Surface Mining Barbara Evans
2675 Regency Rd. 1058 S. Hwy 25 E.
Lexington, KY 40503 Flat Lick, KY 40935
Logan Corporation Barbara K. Smallwood
P.O. Box 58 8104 Glenn Falls Court
Huntington, WV 25706-0058 Louisville, KY 40291
Mills Furniture & Appliance BC Security
P.O. Box 199 P.O. Box 427
Arjay, KY 40902 Fourmile, KY 40939
MSHA BizValPlus
US Dept. of Labor 23440 Hawthorne Blvd. No. 200
P.O. Box 790390 Torrance, CA 90505
Saint Louis, MO 63179
Ned Stewart Bledsoe County
P.O. Box 14 County Clerk
Artemus, KY 40903 P.O. Box 212
Pikeville, TN 37367
Brittany L. Joy DTC Financial Publishing
816 Le Clay Dr. 8255 Oak Ave.
Knoxville, TN 37923 Ben Lomond, CA 95005
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Brooks Tire Service Engineering Consulting Service, Inc.
P.O. Box 96 340 S. Broadway, Ste. 200
Fourmile, KY 40939 Lexington, KY 40508
Carlos Maggard Furla Blue Spa
4946 Joe Peay Rd. Main Street
Spring Hill, TN 37174-2231 Charlestown, Nevis
Cawood & Johnson, PLLC G&M Oil Company, Inc.
P.O. Drawer 128 76 Old 25 E
Pineville, KY 40977-0128 Barbourville, KY 40906
CCMT Properties Hanhong Mineral Resources, LLC
7114 Ambassador Place 18375 Ventura Blvd., Ste. 783
Knoxville, TN 37918 Tarzana, CA 91356
Chester Franklin Hedonis Trading, Inc.
2394 Wildwood Rd. Trident Chambers
Maryville, TN 37804 P.O. Box 100 Road Town
Tortola, BVI
Chris Headrick
243 N. Peters Rd. Hersh Hayden
Knoxville, TN 37923 243 N. Peters Rd.
Knoxville, TN 37923
City of Knoxville
P.O. Box 15001 Highgrade Investments, Inc.
Knoxville, TN 37901-5001 28562 Oso Pkwy Unit D
Rancho Santa Margarita, CA 92688
Claiborne Farmers Co-op
P.O. Box 160 Hong Duan
New Tazewell, TN 37824-0160 18375 Ventura Blvd., #783
Tarzana, CA 91356
CLM (Bahamas) Ltd
Kingston Chambers IPFS Corporation
P.O. Box 173 Road Town P.O. Box 905 849
Tortola, BVI Charlotte, NC 28290-5849
Covol Fuels No. 3, LLC IRS
10653 S. Riverfront Parkway, Ste. 300 P.O. Box 7346
South Jordan, UT 84095 Philadelphia, PA 19101-7346
DA Lubricant Company, Inc. James Liu
P.O. Box 769 7526 Cottonwood Ln.
Lebanon, IN 46052 Pleasanton, CA 94588
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Dodson Pest Control Jeffrey H. Mackay
501 Dutch Valley Rd. 4871 Narrangansett Ave.
Knoxville, TN 37918 San Diego, CA 92107
Jeremy Collett Lance Investments
Rt. 7 Box 650 E. 53rd
St. Marbella
Pineville, KY 40977 Swiss Bank Bldg. F1 2
Panama City, Panama
John & Vivian Detherage
P.O. Box 336 MarketWire, Inc.
Artemus, KY 40903 Department 8025
Los Angeles, CA 90084-8025
John Gargis
243 N. Peters Rd. Maxam Appalachia, LLC
Knoxville, TN 37923 P.O. Box 57753
Salt Lake City, UT 84157-0753
John Hayes
243 N. Peters Rd. Muskateer Investments, Inc.
Knoxville, TN 37923 Main Street
Charlestown, Nevis
John W. Gargis
10611 Sandpiper Lane Nevada Agency and Transfer Co.
Knoxville, TN 37922 50 West Liberty Street, Ste. 880
Reno, NV 89501
Jonathon P. Reuben
23440 Hawthorne Blvd., Ste. 200 Personnel Concepts
Torrance, CA 90505 3200 East Guasti Rd., Ste. 300
Ontario, CA 91761
Kentucky Office of Surface Mining
2675 Regency Rd. Premium Financing Specialists Corp.
Lexington, KY 40503 P.O. Box 905849
Charlotte, NC 28290
Kish & Lietz, P.C.
225 Peachtree St., N.E. Prestige Processing
1700 South Tower, Peachtree Center c/o Martha Alexander
Atlanta, GA 30303 333 West Vine Street, Ste. 1400
Lexington, KY 40507
Knox County Trustee
P.O. Box 70 Quest Diagnostics
Knoxville, TN 37901 P.O. Box 740709
Atlanta, GA 30374-0709
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Randy Gibson Security Services US SEC
300 Bell Jellico Mine Rd. Atlanta Dist. Office
Pineville, KY 40977 Ste. 100
3475 Lenox Rd. NE
Ron Scott Atlanta, GA 30326
243 N. Peters
Knoxville, TN 37923
Weaver & Martin
411 Valentine Rd., Ste. 300
SGS Citibank Kansas City, MO 64111
P.O. Box 2502 Carol Stream
Franklin Park, IL 60131-2502 Windstream
P.O. Box 9001908
Standard Laboratories, Inc. Louisville, KY 40290-1908
147 Eleventh Ave., Ste. 100
South Charleston, WV 25303 Wm Hammons and Patricia Powel
P.O. Box 170
Tennessee Attorney General’s Office Flat Lick, KY 40935
Bankruptcy Unit
426 5th
Avenue, 2nd
Floor WST, Inc.
Nashville, TN 37242-0489 6001 Wagram Way
Louisville, KY 40222
The Combs Group, Inc.
P.O. Box 199
Harrogate, TN 37752
Tri-Star Real Estate, LLC
1008 Eagle Lake Dr.
Lawrenceburg, KY 40342
United Healthcare Plan River Valley
P.O. Box 88832
Chicago, IL 60695-1832
United States Attorney
Howard H. Baker, Jr., U.S. Courthouse
800 Market Street, Suite 211
Knoxville, TN 37902
US Cellular
P.O. Box 371345
Pittsburgh, PA 15250-7345
/s/ Lewis S. Howard, Jr.
Lewis S. Howard, Jr.
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Case 3:11-bk-35466 Doc 51-1 Filed 12/23/11 Entered 12/23/11 10:52:40 Desc Exhibit A Page 1 of 2
Case 3:11-bk-35466 Doc 51-1 Filed 12/23/11 Entered 12/23/11 10:52:40 Desc Exhibit A Page 2 of 2
Case 3:11-bk-35466 Doc 51-2 Filed 12/23/11 Entered 12/23/11 10:52:40 Desc Exhibit B Page 1 of 5
Case 3:11-bk-35466 Doc 51-2 Filed 12/23/11 Entered 12/23/11 10:52:40 Desc Exhibit B Page 2 of 5
Case 3:11-bk-35466 Doc 51-2 Filed 12/23/11 Entered 12/23/11 10:52:40 Desc Exhibit B Page 3 of 5
Case 3:11-bk-35466 Doc 51-2 Filed 12/23/11 Entered 12/23/11 10:52:40 Desc Exhibit B Page 4 of 5
Case 3:11-bk-35466 Doc 51-2 Filed 12/23/11 Entered 12/23/11 10:52:40 Desc Exhibit B Page 5 of 5
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE EASTERN DISTRICT OF TENNESSEE
AT KNOXVILLE
IN RE: )
)
AMERICAS ENERGY COMPANY )
f/d/b/a TREND TECHNOLOGY ) No. 3:11-bk-35466
CORPORATION, )
)
Debtor. )
ORDER GRANTING MOTION OF CCMT PROPERTIES
FOR RELIEF FROM THE AUTOMATIC STAY
CCMT Properties filed its Motion for Relief From The Automatic Stay (the “Motion”)
and supporting exhibits.
The Court finds and determines that the debtor does not have equity in the property
which secures the movant’s debt and that such property is not necessary for reorganization.
Accordingly, the Motion is well taken, and it is GRANTED.
Case 3:11-bk-35466 Doc 51-3 Filed 12/23/11 Entered 12/23/11 10:52:40 Desc Proposed Order Page 1 of 2
APPROVED FOR ENTRY:
/s/ Lewis S. Howard, Jr.__________
Lewis S. Howard, Jr.
(BPR No.11540)
Howard & Howard, P.C.
Knoxville, Tennessee 37919
(865) 588-4091
lewis@howardhowardlaw.com
Attorney for CCMT Properties
###
Case 3:11-bk-35466 Doc 51-3 Filed 12/23/11 Entered 12/23/11 10:52:40 Desc Proposed Order Page 2 of 2
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