USVI Public Records

Document text

Fill in this information to identify your case: United States Bankruptcy Court for the: DISTRICT OF VIRGIN ISLANDS Case number (if known) Chapter 11 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. 1. Debtor's name Vivot Industries Virgin Islands, LLC 2. All other names debtor used in the last 8 years Include any assumed names, trade names and doing business as names 3. Debtor's federal Employer Identification Number (EIN) 66-0908198 4. Debtor's address Principal place of business Mailing address, if different from principal place of business 9010 Estate Cottage, Ste 2 Christiansted, VI 00820 Number, Street, City, State & ZIP Code P.O. Box, Number, Street, City, State & ZIP Code Saint Croix Location of principal assets, if different from principal place of business County 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))  Partnership (excluding LLP)  Other. Specify: Official Form 201 Voluntary Petition for Non-Individuals Filing for Bankruptcy Case 1:24-bk-10009-MFW Doc 1 Filed 06/10/24 Entered 06/10/24 11:41:34 Desc Main Document Page 1 of 8 Debtor Vivot Industries Virgin Islands, LLC Case number (if known) Name 7. Describe debtor's business A. Check one:  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))  Railroad (as defined in 11 U.S.C. § 101(44))  Stockbroker (as defined in 11 U.S.C. § 101(53A))  Commodity Broker (as defined in 11 U.S.C. § 101(6))  Clearing Bank (as defined in 11 U.S.C. § 781(3))  None of the above B. Check all that apply  Tax-exempt entity (as described in 26 U.S.C. §501)  Investment company, including hedge fund or pooled investment vehicle (as defined in 15 U.S.C. §80a-3)  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. 8. Under which chapter of the Bankruptcy Code is the debtor filing? A debtor who is a “small business debtor” must check the first sub-box. A debtor as defined in § 1182(1) who elects to proceed under subchapter V of chapter 11 (whether or not the debtor is a “small business debtor”) must check the second sub-box. Check one:  Chapter 7  Chapter 9  Chapter 11. Check all that apply:  The debtor is a small business debtor as defined in 11 U.S.C. § 101(51D), and its aggregate noncontingent liquidated debts (excluding debts owed to insiders or affiliates) are less than $3,024,725. 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).  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).  A plan 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.  Chapter 12 9. Were prior bankruptcy cases filed by or against the debtor within the last 8 years?  No.  Yes. 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 Case 1:24-bk-10009-MFW Doc 1 Filed 06/10/24 Entered 06/10/24 11:41:34 Desc Main Document Page 2 of 8 Debtor Vivot Industries Virgin Islands, LLC Case number (if known) Name 10. Are any bankruptcy cases pending or being filed by a business partner or an affiliate of the debtor?  No  Yes. List all cases. If more than 1, attach a separate list Debtor See Attachment Relationship District When Case number, if known 11. Why is the case filed in this district? Check all that apply:  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.  A bankruptcy case concerning debtor's affiliate, general partner, or partnership is pending in this district. 12. Does the debtor own or have possession of any real property or personal property that needs immediate attention?  No  Yes. Answer below for each property that needs immediate attention. Attach additional sheets if needed. Why does the property need immediate attention? (Check all that apply.)  It poses or is alleged to pose a threat of imminent and identifiable hazard to public health or safety. What is the hazard?  It needs to be physically secured or protected from the weather.  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).  Other Where is the property? Number, Street, City, State & ZIP Code Is the property insured?  No  Yes. Insurance agency Contact name Phone Statistical and administrative information 13. Debtor's estimation of available funds . Check one:  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 creditors  1-49  50-99  100-199  200-999  1,000-5,000  5001-10,000  10,001-25,000  25,001-50,000  50,001-100,000  More than100,000 15. Estimated Assets  $0 - $50,000  $50,001 - $100,000  $100,001 - $500,000  $500,001 - $1 million  $1,000,001 - $10 million  $10,000,001 - $50 million  $50,000,001 - $100 million  $100,000,001 - $500 million  $500,000,001 - $1 billion  $1,000,000,001 - $10 billion  $10,000,000,001 - $50 billion  More than $50 billion 16. Estimated liabilities  $0 - $50,000  $1,000,001 - $10 million  $500,000,001 - $1 billion Official Form 201 Voluntary Petition for Non-Individuals Filing for Bankruptcy Case 1:24-bk-10009-MFW Doc 1 Filed 06/10/24 Entered 06/10/24 11:41:34 Desc Main Document Page 3 of 8 Debtor Vivot Industries Virgin Islands, LLC Case number (if known) Name  $50,001 - $100,000  $100,001 - $500,000  $500,001 - $1 million  $10,000,001 - $50 million  $50,000,001 - $100 million  $100,000,001 - $500 million  $1,000,000,001 - $10 billion  $10,000,000,001 - $50 billion  More than $50 billion Official Form 201 Voluntary Petition for Non-Individuals Filing for Bankruptcy Case 1:24-bk-10009-MFW Doc 1 Filed 06/10/24 Entered 06/10/24 11:41:34 Desc Main Document Page 4 of 8 Debtor Vivot Industries Virgin Islands, LLC Case number (if known) Name 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 representative of debtor The debtor requests relief in accordance with the chapter of title 11, United States Code, specified in this petition. I have been authorized to file this petition on behalf of the debtor. I 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 June 10, 2024 MM / DD / YYYY X /s/ Jean Patrick Vivot Jean Patrick Vivot Signature of authorized representative of debtor Printed name Title Authorized Representative 18. Signature of attorney X /s/ Semaj I. Johnson Date June 10, 2024 Signature of attorney for debtor MM / DD / YYYY Semaj I. Johnson Printed name The Johnson Firm Firm name 2111 Company Street Suite 3 Christiansted, VI 00820 Number, Street, City, State & ZIP Code Contact phone 340-208-9134 Email address semaj@johnsonlawvi.com 1151 VI Bar number and State Official Form 201 Voluntary Petition for Non-Individuals Filing for Bankruptcy Case 1:24-bk-10009-MFW Doc 1 Filed 06/10/24 Entered 06/10/24 11:41:34 Desc Main Document Page 5 of 8 Debtor Vivot Industries Virgin Islands, LLC Case number (if known) Name Fill in this information to identify your case: United States Bankruptcy Court for the: DISTRICT OF VIRGIN ISLANDS Case number (if known) Chapter 11 Check if this an amended filing FORM 201. VOLUNTARY PETITION Pending Bankruptcy Cases Attachment Debtor Abacus International, LLC Relationship to you Affiliate District District of Virgin Islands When Case number, if known Debtor Axis Development, LLC Relationship to you Affiliate District District of Virgin Islands When Case number, if known Debtor Caribbean Crane & Rigging, LLC Relationship to you Affiliate District District of Virgin Islands When Case number, if known Debtor Eleven Construction, LLC Relationship to you Affiliate District District of Virgin Islands When Case number, if known Debtor PSI Tire Supply, LLC Relationship to you Affiliate District District of Virgin Islands When Case number, if known Debtor TTA Logistics, LLC Relationship to you Affiliate District District of Virgin Islands When Case number, if known Debtor Valdez Industrial Group, LLC Relationship to you Affiliate District District of Virgin Islands When Case number, if known Debtor Vivot Equipment Corporation Relationship to you Affiliate District District of Virgin Islands When Case number, if known Debtor Vivot Equipment PR, LLC Relationship to you Affiliate District District of Virgin Islands When Case number, if known Official Form 201 Voluntary Petition for Non-Individuals Filing for Bankruptcy Case 1:24-bk-10009-MFW Doc 1 Filed 06/10/24 Entered 06/10/24 11:41:34 Desc Main Document Page 6 of 8 Fill in this information to identify the case: Debtor name Vivot Industries Virgin Islands, LLC United States Bankruptcy Court for the: DISTRICT OF VIRGIN ISLANDS Check if this is an Case number (if known): amended filing Official Form 204 Chapter 11 or Chapter 9 Cases: List of Creditors Who Have the 20 Largest Unsecured Claims and Are Not Insiders 12/15 A list of creditors holding the 20 largest unsecured claims must be filed in a Chapter 11 or Chapter 9 case. Include claims which the debtor disputes. Do not include claims by any person or entity who is an insider, as defined in 11 U.S.C. § 101(31). Also, do not include claims by secured creditors, unless the unsecured claim resulting from inadequate collateral value places the creditor among the holders of the 20 largest unsecured claims. Name of creditor and complete mailing address, including zip code Name, telephone number and email address of creditor contact Nature of claim (for example, trade debts, bank loans, professional services, and government contracts) Indicate if claim is contingent, unliquidated, or disputed Amount of claim If the claim is fully unsecured, fill in only unsecured claim amount. If claim is partially secured, fill in total claim amount and deduction for value of collateral or setoff to calculate unsecured claim. Total claim, if partially secured Deduction for value of collateral or setoff Unsecured claim -NONE- Official form 204 Chapter 11 or Chapter 9 Cases: List of Creditors Who Have the 20 Largest Unsecured claims Case 1:24-bk-10009-MFW Doc 1 Filed 06/10/24 Entered 06/10/24 11:41:34 Desc Main Document Page 7 of 8 }bk1{Creditor Adres Matrix}bk{ VIVOT INDUSTRIES VIRGIN ISLANDS, LLC 9010 ESTATE COTTAGE, STE 2 CHRISTIANSTED, VI 00820 SEMAJ I. JOHNSON THE JOHNSON FIRM 2111 COMPANY STREET SUITE 3 CHRISTIANSTED, VI 00820 TOUCHMARK NATIONAL BANK 3651 OLD MILTON PARKWAY ALPHARETTA, GA 30005 Case 1:24-bk-10009-MFW Doc 1 Filed 06/10/24 Entered 06/10/24 11:41:34 Desc Main Document Page 8 of 8