Monday, April 16, 2007

Summary of 4/2 Omnibus Hearing

On April 2, 2007, the Court held an omnibus hearing addressing the following items:

1. Confirm Results of March 27 auction to sell real estate developments: Adjourned until April 9, 2007.

2. Motion for Termination of Contract filed by Seoung and Donna Baik: Adjourned until April 4, 2007.

3. Motion for Termination of Contract on behalf of Constance Mueller: Adjourned until April 4, 2007.

4. Motion for final consent order (I) authorizing Sterling Acres at Monroe, LLC to incur post-petition secured indebtedness to Valley National Bank for the purposes of winterizing and completing construction of homes, (II) granting security interests, and (III) providing related relief: Adjourned until April 9, 2007.

5. Motion for Permission to File a Late Proof of Claim on behalf of Mobility Elevator & Lift Co.: Adjourned until April 4, 2007.6. Motion for Relief from Stay to Terminate Contract and Proceed Against Bonding Company on behalf of Smallwood: Adjourned until April 16, 2007.