Case number: 5:24-bk-51678 - Precision Swiss Products, Inc - California Northern Bankruptcy Court

Case Information
  • Case title

    Precision Swiss Products, Inc

  • Court

    California Northern (canbke)

  • Chapter

    11

  • Judge

    M. Elaine Hammond

  • Filed

    11/04/2024

  • Last Filing

    12/17/2024

  • Asset

    Yes

  • Vol

    v

Docket Header
PlnDue, DsclsDue, FilingFeeDue



U.S. Bankruptcy Court
California Northern Bankruptcy Court (San Jose)
Bankruptcy Petition #: 24-51678

Assigned to: Judge M. Elaine Hammond
Chapter 11
Voluntary
Asset


Date filed:  11/04/2024
341 meeting:  12/03/2024
Deadline for filing claims:  03/03/2025

Debtor

Precision Swiss Products, Inc

1911 Tarob Court
Milpitas, CA 95035
SANTA CLARA-CA
Tax ID / EIN: 94-2370048

represented by
Chris D. Kuhner

Kornfield Nyberg Bendes Kuhner & Little
1970 Broadway #600
Oakland, CA 94612
(510) 763-1000
Email: c.kuhner@kornfieldlaw.com

Responsible Ind

Norbert Kozar

Chief Executive Officer
1911 Tarob Court
Milpitas, CA 95035

 
 
Trustee

Not Assigned - SJ


 
 
U.S. Trustee

Office of the U.S. Trustee / SJ

U.S. Federal Bldg.
280 S 1st St. #268
San Jose, CA 95113-3004
( )
represented by
Mike Chow

DOJ-Ust
450 Golden Gate Ave.
5th Floor
Ste 05-0153
San Francisco, CA 94102
(408) 535-5526
Email: mike.chow@usdoj.gov

Latest Dockets

Date Filed#Docket Text
12/17/202492Stipulation, to Pay Old National Bank Payment In Excess of the Stated Amount in the Order Granting Motion for (1) Approval of Sale of Asset Purchase Agreement and the Sale of Assets Free and Clear of Liens, Claims, Encumbrances and Interest Pursuant to 11 U.S.C Section 363; and (2) Assignment and Assumption of Executory Contracts Pursuant to 11 U.S.C. Section 365 and Granting Related Relief Filed by Debtor Precision Swiss Products, Inc (RE: related document(s)91 Order on Motion for Miscellaneous Relief). (Kuhner, Chris) (Entered: 12/17/2024)
12/17/2024Hearing Dropped (RE: related document(s) 5 Motion to Use Cash Collateral ). (acr) (Entered: 12/17/2024)
12/17/2024
DOCKET TEXT ORDER
(no separate order issued:) The court has taken the motion for cash collateral off calendar at the request of the moving party. No appearances are required on 12/18/24. (RE: related document(s)5 Motion to Use Cash Collateral filed by Debtor Precision Swiss Products, Inc). (Entered: 12/17/2024)
12/13/202491Order Granting Motion For (1) Approval Of Asset Purchase Agreement And The Sale Of Assets Free And Clear Of Liens, Claims, Encumbrances And Interests Pursuant To 11 U.S.C. SECTION 363; And (2) Assumption And Assignment Of Executory Contracts Pursuant To 11 U.S.C. 365 Section And Granting Related Relief (Related Doc # 42) (al) (Entered: 12/13/2024)
12/12/202490PDF with attached Audio File. Court Date & Time [ 12/12/2024 11:30:00 AM ]. File Size [ 29385 KB ]. Run Time [ 00:24:19 ]. (admin). (Entered: 12/12/2024)
12/12/2024Hearing Held (RE: related document(s) 42 Motion for (1) Approval of Asset Purchase Agreement Sale of Assets Pursuant to 11 U.S.C. Section 363; and (2) Assumption and Assignment of Executory Contracts Pursuant to 11 U.S.C. Section 365). Appearances: Chris Kuhner on behalf of the debtor, Mike Chow for the U.S. Trustee, Raymond Policar for Sumitomo Mitsui Finance and Leasing Co., Ltd., William Thorseness on behalf of Interested Party ERA Parent, LP, Kathryn Catherwood on behalf of Mitsubishi HC Capital America, Inc., Wendy Smith on behalf of GeoMax, Matthew Roose and Patricia Chen on behalf of the bidders. Michael Pyle on behalf of SBA and Catherine Robertson Schlomann on behalf of Gateway Acceptance Co. For the reasons stated on the record, motion is granted. Raymond Policar, William Thorseness, Kathryn Catherwood, Wendy Smith and Catherine Robertson Schlomann to sign-off on the order. Debtor's counsel to upload an order. (al) (Entered: 12/12/2024)
12/12/202489Declaration of James Seamus Meagher, Jr. in Support of Sale of Purchased Assets to GCM Medical & OEM, Inc. Filed by Interested Party GCM Medical & OEM, INC. (Tsai, Rocky). Related document(s) 42 Motion for (1) Approval of Asset Purchase Agreement Sale of Assets Pursuant to 11 U.S.C. Section 363; and (2) Assumption and Assignment of Executory Contracts Pursuant to 11 U.S.C. Section 365 filed by Debtor Precision Swiss Products, Inc. Modified on 12/12/2024 (no). (Entered: 12/12/2024)
12/12/202488Document: Revised [Proposed] Form of Order Granting Motion for (1) Approval of Asset Purchase Agreement and the Sale of Assets Free and Clear of Liens, Claims, Encumbrances and Interests Pursuant to 11 U.S.C. Section 363; and (2) Assumption and Assignment of Executory Contracts Pursuant to 11 U.S.C. Section 365 and Granting Related Relief. (RE: related document(s)77 Document). Filed by Debtor Precision Swiss Products, Inc (Kuhner, Chris). Related document(s) 42 Motion for (1) Approval of Asset Purchase Agreement Sale of Assets Pursuant to 11 U.S.C. Section 363; and (2) Assumption and Assignment of Executory Contracts Pursuant to 11 U.S.C. Section 365 filed by Debtor Precision Swiss Products, Inc. Modified on 12/12/2024 (no). (Entered: 12/12/2024)
12/12/202487Response and Auction Report (RE: related document(s)42 Motion Miscellaneous Relief). Filed by Debtor Precision Swiss Products, Inc (Kuhner, Chris) (Entered: 12/12/2024)
12/11/202486Objection TO (I) DEBTORS MOTION TO APPROVE OVERBID AND AUCTION PROCEDURES AND BREAK UP FEES AND EXPENSE REIMBURSEMENT, AND (II) DEBTORS MOTION FOR (1) APPROVAL OF ASSET PURCHASE AGREEMENT AND THE SALE OF ASSETS PURSUANT TO 11 U.S.C. SECTION 363; AND (2) ASSUMPTION AND ASSIGNMENT OF EXECUTORY CONTRACTS PURSUANT TO 11 U.S.C. SECTION 365 (RE: related document(s)7 Motion Miscellaneous Relief, 42 Motion Miscellaneous Relief). Filed by Creditor Leaf Capital Funding, LLC (Attachments: # 1 Exhibit # 2 Certificate of Service) (Griffin, Thomas) (Entered: 12/11/2024)