IDC Enterprises, Inc.

CourtUnited States Bankruptcy Court, D. Idaho
DecidedJanuary 27, 2021
Docket20-20081
StatusUnknown

This text of IDC Enterprises, Inc. (IDC Enterprises, Inc.) is published on Counsel Stack Legal Research, covering United States Bankruptcy Court, D. Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
IDC Enterprises, Inc., (Idaho 2021).

Opinion

UNITED STATES BANKRUPTCY COURT DISTRICT OF IDAHO

IN RE: Case No. 20-20081-NGH

IDC ENTERPRISES, INC., Debtor. Chapter 7 MEMORANDUM OF DECISION

INTRODUCTION Chapter 71 trustee Patrick Geile (“Trustee”) filed a motion for turnover of certain equipment and vehicles used by IDC Enterprises, Inc. (“Debtor”) in its logging business.

Doc. No. 116 (the “Motion”).2 Creditor Bank of the Pacific (“BOP”) filed a joinder to Trustee’s Motion. Doc. No. 126. Debtor opposes the Motion and asserts that much of the personal property at issue is owned by third parties and is not estate property. A hearing was held on December 7, 2020, and the Court determined a further evidentiary hearing was necessary. Doc. No. 132 (minute entry). A videoconference evidentiary

hearing was held on February 18, 2021. The parties submitted written closing arguments. The Court took the matter under advisement. Having considered the evidence and the

1 Unless otherwise indicated, all chapter and section references are to the Bankruptcy Code, 11 U.S.C. §§ 101–1532, and all “Rule” references are to the Federal Rules of Bankruptcy Procedure. 2 Trustee’s Motion also seeks turnover of a $3,000 check payable to Debtor, however Trustee abandoned this request. arguments of the parties, the Court reaches the following findings of fact and conclusions of law pursuant to Rules 7052 and 9014.

BACKGROUND Debtor filed a chapter 11 petition on February 27, 2020, and elected to proceed as a small business debtor under subchapter V of chapter 11. Doc. No. 1.3 Debtor’s sole equity holder, Jason Lunders (“Lunders”), signed the petition as Debtor’s president. Id. at 4–5. On March 12, 2020, Debtor filed its schedules. Ex. 216 at 1–16 (the “Schedules”). Debtor’s Schedule A/B lists machinery, fixtures, and equipment with a

current value of $1,467,000. Id. at 4–5. Schedule A/B specifically lists only some of the equipment—a 2006 290 Link Belt Jewell front log loader, a 2006 620C Tigercat Skidder, a 2005 290 Kobelco Jewell YODER, a 2004 Kobelco 330 Jewell front w/Waratah 624, and miscellaneous items located in a van trailer. Id. The rest of the equipment is incorporated into Schedule A/B by reference to an “attached list of equipment”.4 Id. at 4.

This list was not in fact attached to the Schedules, but was filed separately as Doc. No. 28 on March 13, 2020. Ex. 300 (the “Supplement”). The Supplement listed the following items of equipment5:

3 Pursuant to Federal Rule of Evidence 201(c), the Court takes judicial notice of the record in this case. See Rainsdon v. Garcia (In re Garcia), 465 B.R. 181, 188 n.6 (Bankr. D. Idaho 2011) (noting that in addition to taking judicial notice, the Court may give evidentiary weight to assertions in a debtor’s schedules under Federal Rule of Evidence 801(d)) (citing In re Schweizer, 354 B.R. 272, 278 n.3 (Bankr. D. Idaho 2006); In re Moore, 269 B.R. 864, 869 n.7 (Bankr. D. Idaho 2001)). 4 Schedule A/B states in relevant part: “A PDF file has been attached to this document. This file will appear here when a PDF is created using the ECFiling button on the Print Documents window.” Ex. 216 at 8. 5 There are unaddressed typographical errors in the Supplement, but several seemingly misspelled words are potentially industry terms for certain items of equipment. The Court declines to make (Continued) 1995 500T Valmet & Spare head 1995 892 Valmet Forwarder 1987 518 Skidder & Parts skidder D7F Dozer w/4-way hydraulics & winch 1990 425 Prentice Loader 225 Catepillar [sic] loader w/Pierce carrier 5220 Case Mower tractor Gallion Road Grader 12G Catepillar [sic] Grader 1993 Catepillar [sic] 240 w/Denhorco Stroke declimber 2003 Timbco 425D w/360 degree head hotsaw 1995 Kobelco 200 Jewell front log loader 2007 2054 John Deere w/Wartah [sic] 622B 2009 2054 John Deere w/Waratah 622B 1974 generic log & pole trailer 1944 Frueff log & pole pipe trailer 1995 Teton 5th Wheel Camper 1986 Kenworth truck trailer w/log bunks 1956 Reliance log & pole trailer 1984 Kenworth truck tractor w/flatbed 2005 Ford F350 Cab & chassie [sic] 2001 Wabash 53’ Van Trailer 1994 Lincoln 3 axle log & pole trailer 2001 Ford F350 Pickup w/ shop box 2003 Ford F450 Pickup w/ crane & winch (in Alaska) 2007 Kenworth truck & tractor w/ log bunk 1989 Peterbuilt [sic] 379 log truck w/Peerless trailer (in Alaska) 1988 Log trailer 1973 Peerless log trailer (in Alaska) 1979 65/70 ton Detach Lowboy 1991 Western Log dog trailer 2004 Standard equipment trailer 1974 GIND Container Chassie [sic] 1975 GIND Container Chassie [sic] 2006 Western Star Truck w/ tractor

Id.

corrections or attempt to identify typographical errors unless the word is used in common language and is clearly misspelled. The Schedules did not list any unexpired leases for equipment. Ex. 216 at 14. Likewise, Debtor’s Statement of Financial Affairs, Ex. 216 at 16–22 (the “SOFA”), states

Debtor does not hold or control any property that another entity owns. Id. at 20. Both the Schedules and the SOFA were signed by Lunders under penalty of perjury. Id. at 1, 22. The Schedules have not been amended. On May 26, 2020, Debtor filed a plan of reorganization. Ex. 301 (the “First Plan”). The First Plan included a liquidation analysis of the equipment listed in the Schedules and Supplement. Id. at 9–10. The First Plan also listed items not in the

Schedules or Supplement, to wit a 2001 Kenworth with lockers, a 2003 Dodge pickup with tanks, a 1997 Ford F350, a 1995 Ford F350, and a 1997 Linkbelt 3400 with Denarco processor. Id at 9. The Court denied confirmation of the First Plan. Doc. No. 66. On August 17, 2020, the Court ordered Debtor to provide proof of insurance on several items of equipment that had not been proven to be insured. Doc. No. 81 (minute

entry). On August 23, 2020, Debtor filed a statement of compliance, Doc. No. 82, and attached two documents which were admitted at the February 18 evidentiary hearing on this matter as Exs. 314 and 315. Exhibit 314 is a “Certificate of Insurance” from Progressive Commercial and Ex. 315 is a document titled “Evidence of Property Insurance” from Northwest Insurance Agency. These documents show Debtor obtained

insurance on several items of equipment listed in the Schedules and Supplement. In addition, Debtor also obtained insurance on the following items it did not list in the Schedules or Supplement: a 1994 Ford F Super Duty, a 1995 F350, a 1995 Hitachi EX200LC, a 1997 Linkbelt 3400, a 2009 SK290 Log Loader, and a Komatsu PC300HDWH-6L log loader.6 Ex. 315.

On September 8, 2020, Debtor filed a second proposed plan of reorganization. Ex. 304 (the “Second Plan”). The Second Plan included a liquidation analysis that was nearly identical to the liquidation analysis in the First Plan. Compare Ex. 301 at 9–10 with Ex. 304 at 10–11. The Second Plan’s liquidation analysis lists all the equipment listed in the Schedules and Supplement. Compare Ex. 216 at 3–4 and Ex. 300 with Ex. 304 at 10–11.7 The Second Plan’s liquidation analysis also lists several items of

equipment not listed on the Schedules or Supplement, to wit a Komatsu PC30OHDW- 6L,8 a 1995 Ford F350, a 1997 Ford F350, a 1997 Linkbelt 3400 with Denarco Processor, and a 2004 Bulldog trailer. Id. at 10–11.

6 At first glance, some items of equipment in the insurance documents appear not to be listed in the Schedules and Supplement. However they appear to correspond with listed equipment by make or model but are identified with different model years.

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