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2020-10-20_GENERAL DOCUMENTS - C1980004 (2)
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2020-10-20_GENERAL DOCUMENTS - C1980004 (2)
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Last modified
10/20/2020 1:24:00 PM
Creation date
10/20/2020 9:41:16 AM
Metadata
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Template:
DRMS Permit Index
Permit No
C1980004
IBM Index Class Name
General Documents
Doc Date
10/20/2020
Doc Name Note
Case No. 20-12043 (GRH) Hopedale Mining LLC
Doc Name
Bankruptcy Notice
From
Shaun A. Christensen Esq - Miller & Law, PC
To
DRMS
Permit Index Doc Type
General Correspondence
Email Name
JRS
JDM
GRM
CMM
CCW
Media Type
D
Archive
No
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2006 <br />$23,584 <br />2007 <br />$263,274 <br />2008 <br />$2,202,081 <br />2009 <br />$3,733,147 <br />2010 <br />$2,835,726 <br />2011 <br />$3,291,909 <br />2012 <br />$2,055,745 <br />2013 <br />$2,063,370 <br />2014 <br />$1,117,872 <br />2015 <br />$4,524927 <br />2016 <br />$234,755 <br />TOTAL: <br />$22,375,081 <br />ClaimsAgainst Former Management. The Debtor has claims against C. Stephen <br />Guyer Lee R. Rice. These claims are based on breach of fiduciary duty and insider <br />dealing. These claims will remain with the Debtor. The value of these claims is <br />unknown but they are estimated to have no recoverable value to the Estate. The <br />Chapter 11 Trustee does not intend to pursue these claims. RPL investigated the <br />possibility that these claims might be covered under an officers and directors insurance <br />policy. RPL was unable to locate any such policy and does not believe any such <br />insurance coverage is in place and is unaware of any claims having been made against <br />such a policy. <br />Counterclaims against Todd C. Hennis etal. Prior to the bankruptcy, the Debtor <br />asserted counterclaims against Todd C. Hennis, San Juan Corp. and Salem Mineral, <br />Inc., based on the foreclosure. The counterclaims assert that Hennis paid too little at <br />the foreclosure sale and seek to set the foreclosure sale aside. These counterclaims will <br />remain with the Debtor. The value of these counterclaims is unknown. <br />Avoidance Claims. RPL. as Plan Proponent, has analyzed the Bankruptcy <br />Estate's potential claims or causes of action under Chapter 5 of the Code. That analysis <br />included a review of all potentially avoidable transfers made by or on behalf of the <br />Debtor. RPL's preliminary analysis indicates that substantially all of the transfers are <br />11 <br />
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