Bankruptcy Petition #: 07-50934-wsh Debtor Plasticon International, Inc.
Extract from Doc 23:
43. Pro Mold failed to timely pay its rent to the LLC for September, October, November and December 2006 and January 2007 in the amount of $61,173.60 plus attorneys’ fees and court costs until the LLC filed suit in the Circuit Court of St. Louis County, Missouri on or about December 18, 2006.
44. Pro Mold failed to timely pay the October, November and December 2006 and January 2007 payments in the amount of $56,477.68 plus attorneys’ fees and costs in regard to the Regions Bank debt that was transferred to the Trust until the Trust filed suit in the Circuit Court of St. Louis County, Missouri on or about December 18, 2006.
45. The Trust transferred and assigned its’ interest in the $1,000,0000 Note to Pro Plas, LLC, a Missouri limited liability company.
46. Plasticon failed to pay the $125,000 principal payment on the $1,000,0000 Note on April 1, 2007.
47. Plasticon requested and Pro Plas granted Plasticon an extension of time until April 16, 2007 to make the April 1, 2007 principal payment.
48. Pro Mold tendered and Pro Plas accepted a $125,000 check on or about April 16, 2007.
49. Pro Plas attempted to cash the check and was told by the bank that Pro Mold had insufficient funds on deposit to cover the check.
50. Pro Plas notified Pro Mold.
51. Pro Mold stopped payment on the check.
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05/21/2007 23 Objection Filed by John P Murphy III (RE: related document(s)7 Motion for Joint Administration, filed by Debtor Plasticon International, Inc.). (Case, E.) (Entered: 05/21/2007) |
