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32 | LIC809-C Continued....
- The Licensee, Melissa Lipardo, stated that the reason behind filing the Chapter 11 Bankruptcy was due to the fact that a lien was placed on the L & L Care Home, LLC account. Licensee stated that she had a Merchant Cash Loan in which she was unable to keep up with the repayment terms of the loan.
- The Attorney, Shana Stark, who is representing Ms. Lipardo in the Chapter 11 Bankruptcy matter, stated that one of the creditors released the lien on the account and monies are now coming from Regional Center of the East Bay (RCEB) for the current clients at La Calle Haven. Shana Stark stated that the bankruptcy filed is under the Chapter 11 United States Bankruptcy Code for reorganization. It was further asserted by Ms. Stark that this was not an action of liquidation, no expenses will be reduced, payroll will not be disrupted and that all utilities will not be impacted from the bankruptcy process.
- Ms. Lipardo stated that there are no outstanding debts or any other liens on assets that will impact La Calle Haven. Ms. Stark stated that there was an emergency motion made in court and by judicial order it was authorized that all utilities continue uninterrupted. Ms. Stark asserts by way of negotiating with the creditors the Trustee and Judge in this case will sign off on the restructured loan proposal.
- Ms. Stark stated that they will develop a plan which will be within 180 days from filing the bankruptcy. There will be a hearing on Friday, April 12th, 2024 in which the Judge sets the dates and deadlines. Ms. Lipardo agreed to update LPA L. Alexander with dates for restructure.
Exit interview conducted and a copy of this report provided to Licensee via Email. |