The court docket for the Civil case (2:15-cv-828) on the IAUSenergy.com site is current as of today. Select "Court Docs", then "2:15-cv-00828".
There have been several interesting filings, as well as a few ho-hum filings.
Of particular interest:
Doc # 1141 is the Receiver's Eleventh Quarterly Report. A must read.
The following text was copy/pasted from Doc #1140, which documents the process used to take possession of Greg Shepard's home and preparation for sale.
The Property was brought into the Receivership Estate as a result of a sequence of events. On December 7, 2020, the Court found that a one-half interest in the Property was a Receivership asset and that the property should be sold by the Receiver, with half the net proceeds being paid to the Receivership Estate.
On January 28, 2021, the Receiver and the Shepards signed a settlement agreement (“Agreement”) pursuant to which the Receiver agreed to grant time to the Shepards to pay to the Receiver an amount equal to one half the equity in the home. The Court approved the Agreement in February.
Under the Agreement, if the Shepards did not pay the requisite amount to the Receiver by March 31, 2021, the Shepards would vacate the home and cooperate with the Receiver in selling it. In that event, the net proceeds would be split, with the Receivership Estate receiving 60% and the Shepards receiving 40%. The required amount was not paid by the deadline, nor by the expiration of two extensions of the deadline. Those extensions resulted in the Shepards agreeing that the Receiver would receive an additional $10,000 from the net sale proceeds.
The Shepards vacated the home on May 3, 2021.
Details of the proposed sale of the home are in Docs 1140 through 1140-3. The appraisals are in #1140-2. They show pictures of the inside of the home prior to the Shepard's departure.
The Receiver accepted an offer of $660,009.00 for the house. If the court approves the sale, the failure of the Shepard's to meet their initial agreement cost them tens of thousands of dollars.
Sure is a pretty day.
TED |
