Case number: 2:25-bk-00034 - Clouter Creek Reserve LLC - South Carolina Bankruptcy Court

Case Information
  • Case title

    Clouter Creek Reserve LLC

  • Court

    South Carolina (scbke)

  • Chapter

    11

  • Judge

    Elisabetta G.M. Gasparini

  • Filed

    01/06/2025

  • Last Filing

    04/23/2025

  • Asset

    Yes

  • Vol

    v

Docket Header
PlnDue, DeBN



United States Bankruptcy Court
District of South Carolina (Charleston)
Bankruptcy Petition #: 25-00034-eg

Assigned to: Judge Elisabetta G.M. Gasparini
Chapter 11
Voluntary
Asset


Date filed:  01/06/2025
341 meeting:  02/07/2025
Deadline for filing claims:  05/08/2025
Deadline for filing claims (govt.):  07/07/2025
Deadline for objecting to discharge:  04/08/2025

Debtor

Clouter Creek Reserve LLC

180 Overlook Point PlaceAPT 5210
Charleston, SC 29492
BERKELEY-SC
Tax ID / EIN: 82-2661994
fka
IVO SANDS, LLC


represented by
William Harrison Penn

Penn Law Firm, LLC
P.O. Box 11332
1517 Laurel Street
Columbia, SC 29211-1332
803-771-8836
Email: hpenn@pennlawsc.com

U.S. Trustee

US Trustee's Office

Strom Thurmond Federal Building
1835 Assembly St.
Suite 953
Columbia, SC 29201
represented by
Brandon K. Poston

US Trustee's Office
Strom Thurmond Federal Building
1835 Assembly St.
Suite 953
Columbia, SC 29201
803-765-5218
Email: keith.poston@usdoj.gov

Latest Dockets

Date Filed#Docket Text
04/22/202586Request to Appear Remotely by Video on
5/1/2025
Hearing, Slot Number
4
, re: Order Setting Hearing on Disclosure Statement. The party(ies) requesting remote appearance are: Other Party.. Other: Attorney Robert Burns on behalf of Interested Party 364 Capital LLC. The reason for the request is: Appearing from out of state. The party's anticipated role is: Listen Only.
Parties are expected to appear in person unless an order granting the request is entered on the docket.
Filed by Mary Campolong of Robinson Gray Stepp & Laffitte, LLC on behalf of 364 Capital LLC (related document(s)65). (Campolong, Mary) (Entered: 04/22/2025)
04/22/202585Request for Transcript of Hearing Held on 4/3/2025 on Debtor's Motion Pursuant to 11 U.S.C. for Entry of an Order Approving DIP Financing Filed by Mary Campolong of Robinson Gray Stepp & Laffitte, LLC on behalf of 364 Capital LLC. (Campolong, Mary) (Entered: 04/22/2025)
04/22/202584Chapter 11 Monthly Operating Report for the Month Ending: 03/31/2025 Filed by William Harrison Penn of Penn Law Firm, LLC on behalf of Clouter Creek Reserve LLC. (Attachments: # 1 Appendix March 2025 Bank Statement) (Penn, William) (Entered: 04/22/2025)
04/22/202583Chapter 11 Monthly Operating Report for the Month Ending: 02/28/2025 Filed by William Harrison Penn of Penn Law Firm, LLC on behalf of Clouter Creek Reserve LLC. (Attachments: # 1 Appendix February 2025 Bank Statement) (Penn, William) (Entered: 04/22/2025)
04/18/202582Certificate of Service RE: Order, Order. The filing party has verified that parties required to receive notice have received notice by Notice of Electronic Filing and has provided notice to other parties listed in the attached Certificate of Service. Filed by William Harrison Penn of Penn Law Firm, LLC on behalf of Clouter Creek Reserve LLC. (related document(s)80, 81). (Penn, William) (Entered: 04/18/2025)
04/18/202581Memorandum Opinion
Notice and service of this event are delegated pursuant to the Local Rules
(related document(s)19). (Woods, D) (Entered: 04/18/2025)
04/18/202580Order: (I) Approving the Commitment Letter for DIP Financing and Entering Into a DIP Credit Agreement; (II) Authorizing the Debtor to Obtain Secured Post-Petition Financing; (III) Granting Liens and Granting Super-Priority Administrative Expense Status; and (IV) Granting Related Relief
Notice and service of this event are delegated pursuant to the Local Rules
(related document(s)19). (Woods, D) (Entered: 04/18/2025)
04/18/202579Notice of Change of Address. DEBTOR: Clouter Creek Reserve LLC, c/o Shane Sandusky, 180 Overlook Pt Place #5210, Charleston, SC 29492 Filed by William Harrison Penn of Penn Law Firm, LLC on behalf of Clouter Creek Reserve LLC. (Penn, William) (Entered: 04/18/2025)
04/17/202578Exhibit relating to: Motion filed by Debtor Clouter Creek Reserve LLC Amended Budget Filed by William Harrison Penn of Penn Law Firm, LLC on behalf of Clouter Creek Reserve LLC. (related document(s)19). (Attachments: # 1 Exhibit Redline Changes) (Penn, William) (Entered: 04/17/2025)
04/17/202577Exhibit relating to: Motion filed by Debtor Clouter Creek Reserve LLC Amended DIP Credit Agreement Filed by William Harrison Penn of Penn Law Firm, LLC on behalf of Clouter Creek Reserve LLC. (related document(s)19). (Attachments: # 1 Exhibit Redline Changes) (Penn, William) (Entered: 04/17/2025)