12/19/08 – Summit 1031 Press Release
“Vance as CRO of the Company has retained Obsidian Finance Group, LLC (“Obsidian”) as financial consultants to provide advice with respect to all tax issues affecting Summit Customers and a plan to mitigate damages to the maximum extent possible of currently unfunded exchanges. In addition, Obsidian has been retained to review substantial real estate investments and recommend the best method to realize value of such investments to satisfy claims. Obsidian is a national financial consulting firm, which specializes in distressed enterprises and assets.”
01/23/09 – Emails -Terry Vance to Kevin Padrick & Annie Buell
RE: Summit Concerns. Does this sound like Terry Vance is in agreement with the high costs?
02/03/09 – Time Records from Professionals
Records Show parties involved in replacement of Terry Vance as CRO with Obsidian Finance as CRO included… Tom Stilley – Sussman Shank Steve Hedberg – Perkins Coie Kevin Padrick – Obsidian Finance Well – That’s it. I don’t see them talking to Terry Vance about it. Link: kevin padrick Time Record
2/06/09 – Email Susan Ford to Steve Hedburg
On 2/06/09 – Terry Vance was not comfortable with or see a need for a transfer of the equity interests or control over Three Sisters and Inland to Obsidian.
The Debtor is Summit Accommodators Inc. Sussman put Terry Vance in this Position. The Summit Principals were only helping to get the Creditors Paid back. Obviously these parties were concerned about the cost of the parties. link: Email PDF
Why on 02/10/09 – ONLY 4 DAYS LATER?
Did Sussman Shank write in their Joint Motion with Perkins Coie that Terry Vance was in Agreement with the Motion to Replace himself???? Link; Document 141 – Joint Motion by Debtor (Sussman Shank) and Creditor (Perkins Coie) to Replace Terry Vance (the only one concerned about delays and cost) with Obsidian Finance (The Instigators of Cost and DELAYS)
2/11/09 -Summit 1031 Bankruptcy Transparency
US Bankruptcy Court Hearing 10:00AM “Honorable” Judge Randall Dunn
DON’T Miss Clicking Here for the Audio – link: audio of 2/11/09 hearing where Judge Randall Dunn Abruptly decides to Appoint a Trustee & doesn’t follow their own procedures pursuant to section 1104(a) of the USC Title 11 Code
Summit 1031 Bankruptcy Transparency – 2/12/09 Part 1
LINK – TRANSCRIPT
Summit 1031 Bankruptcy Transparency – 2/12/09 Part 2
LINK – TRANSCRIPT
Long Meeting – Re: Deception of Kevin Padrick No Longer Available
End Video Prior to Kevin Padrick of Obsidian Finance arriving to give presentation, but instead ends skirting around the fact that he did an end around on the Summit Principals by promising to help them with there liquidity problem, taking all their data, and selling a higher paying job to the US Bankruptcy Court, the US Trustee’s Office and the Creditors’ Committee.
No one cares about the conflicts of interest that occur in these bankruptcy cases, so the facts of what Kevin Padrick of Obsidian Finance did that was probably illegal are washed under the carpet, never to be seen again. The American Justice System allows for attorneys to have all sorts of conflicts of interest and end arounds as long as it suits their purpose which is their own agenda, not Justice. If you don’t believe me, just wait until the same thing happens to you and you will be kicking yourself for ever thinking our Justice System is about Justice. IT IS ONLY A GAME. Attorneys are the best at playing that game because their work is about playing the game. Kevin Padrick scored and he knew bankruptcy laws and he knew about fear and pleading the fifth and playing the media game. He is smart and good at his job, which is apparently screwing people out of their money.
02/12/09 – Email To US Trustee via Ms. Vivienne Popperl
At the 02/11/09 Hearing Judge Dunn said I would address my concerns with the US Trustee’s office. Click Here for the Email I sent reporting the Debtors Concerns after being afforded by the Judge an opportunity to view Obsidian’s “amazing presenation” as seen in the above recordings. This email seems totally pointless to me a year later. I mean they were just going through the motions and acting like they really cared about the concerns of the parties involved.
- Why I am a Bankruptcy Whistleblower and an Investi…
- The Truth, the Whole Truth, and Nothing But the Tr…
- My Comments to Andrew Moore of Bend Bulletin
- Umpqua's 2/19/10 Form 10-K report filed with the S…
- US Bankruptcy Court – 1031 Tax Group Case #07-1144…
- TRANSCRIPT OF RECORDING PRIOR TO OBSIDIAN FINANCE …
- Something to Consider
- The Video from Frank Israel’s View