Monday, September 20, 2010

Kelly Rogers' not fulfilling his bankruptcy committment

A notice of Chapter 7 Bankruptcy hearing has been scheduled for September 27th, 2010 in the case of Kelly G. Rogers. The notice was sent out by the United States bankruptcy trustee who has filed a motion in the Kelly Rogers' bankruptcy to either dismiss the bankruptcy all together, or convert to liquidation under Chapter 7.

This is significant because the original filing by Kelly G Rogers was Chapter 11 reorganization. It required that Rogers' sell his home by July 30th, 2010 and pay the Bank of Texas their $1,728,278 and the Thompson Creditors $180,000. However, the home at 8 Riva Ridge was taken off the market on June 17th, 2010. Did they give up? Only they know.

Additionally, Rogers listed his monthly income (according to Federal Bankruptcy paperwork) as $23,759 for Kelly G Rogers and $31,750 for Carrie S. Rogers. With a combined monthly income of $55,509, Rogers' has failed to pay fees to the trustee and has failed to file operating reports to the trustee. Therefore, this will be a very interesting proceeding to determine whether Kelly Rogers shall be removed from Bankruptcy protection or if a total liquidation is ordered under Chapter 7.

There is a hearing set for 2 p.m. on September the 27th, 2010 at the following location; 2000 E. Spring Creek Parkway, Plano, TX 75074. The Bankruptcy Trustee is Linda S. Payne will be presiding.

No comments: