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To: scion who wrote (11699)11/16/2007 11:00:54 AM
From: scion  Respond to of 12518
 
7. Two months ago, on September 13, 2007, the deadline for Pro Mold to assume or reject its real property lease with 10315, LLC expired and the lease was rejected by operation of law. On that date, Pro Mold had cash and Collectible Accounts Receivable of $176,532.15.

8. On September 27, 2007, the Murphy Entities filed their Motion for Immediate Surrender of Property, relating to Pro Mold's manufacturing facility in St. Louis, Missouri.
...

22. Similarly, the Murphy Entities afforded the Chapter 11 Trustee the courtesy of continuing the Motion for Relief and the Motion for Immediate Surrender of the Property.
....

31. Without a lease the Chapter 11 Trustee's belief that Pro Mold can either reorganize or be sold as a going concern for in excess of the amount owed to the Murphy Entities is not reasonable or supportable.

32. Further delay will not change that fact.

33. Consequently, the matters scheduled for hearing on November 19, 2007 should go forward as scheduled.


11/14/2007 290 Objection Filed by 10315 LLC, John P. Murphy III Revocable Trust No 1, John P Murphy III, Pro Plas LLC (RE: related document(s)287 Motion to Continue/Reschedule Hearing, filed by Unknown Elizabeth Lee Thompson). (Smotkin, Howard) (Entered: 11/14/2007)

Message 24057583