Leslie Clark Stipek

Personal Bankruptcy

Les Stipek has filed for personal bankruptcy to avoid the potential onslaught of civil cases.

10-3-2007 - Les Stipek's bankruptcy has been discharged and there is no financial recourse for victims.

Bankruptcy Hearing Documents and Notes

Oct 12, 2004		Barron VS Stipek Case 04CC10263

May 9, 2005		Stipek Financial Services LLC VS Resort Holdings International, Michael Kelly Case 05CC06029

June 19, 2006		Covington VS Stipek Case 06CC07224

Oct 23, 2006		Leslie Stipek's Chapter 11 filing Les' client list from Chapter 11 filing in Excel format - Over 300 people.

Nov 22, 2006		Notice of Claims Deadline

Nov 29, 2006		MP3 of the first bankruptcy hearing - (35 MB)
Dec 19, 2006		MP3 of the second bankruptcy hearing - (65 MB)
Jan 4, 2006		The attorney present to represent Les Stipek was: James Bastien. He is going to file a Motion to convert the Chapter 11 bankruptcy to a Chapter 7 bankruptcy. He took time to talk to us in the hall after the ruling, and will send us all a notice to explain and set a hearing date. As I understand it, Chapter 11 is preparation, Court approval, and implementation of a "reorganization plan" and requires a lot of administration, compiling large administrative costs. Chapter 7 is the liquidation of all assets for distribution to the creditors. They feel the conversion to Chapter 7 is in the best interest of all parties since the assets are of a long-term nature, as this will minimize costs. They will use the "plan" process and we will get the same amount back, under either process. The "plan" they are projecting is as was stated in the first hearing. They feel the primary source of recovery will be income from the oil companies. (I think these are the long-term assets they were referring to.) Karen Naylor, the Chapter 11 Trustee, has agreed, and the Court will ask for her to be reappointed as the Chapter 7 Trustee, for the sake of consistency. She has stated, however, that she is not interested in becoming the General Partner to administer the "plan," which would oversee distributions to the creditors on a long-term basis. The Court will be asked to appoint a new Partner to administer. The name suggested so far is John Wolfe, an accountant with a lot of dealing with oil companies, etc. The tentative date set for the Court to receive status is March 15. This date will most likely be changed when we receive the actual notice of the Motion to Convert to Chapter 7.

Jan 2007		Debtor's Application for Employment of Adorno, Yoss, Alvarado & Smith PC as Special Litication Counsel

Jan 12, 2007		MP3 of the third bankruptcy hearing - (48 MB)

Jan 26, 2007		Rau vs Stipek

Jan 26, 2007		Sims vs Stipek

Jan 29, 2007		Goodman-Francis Vs Stipek Goodman-Francis Vs Stipek doc 2

Jan 23, 2007		Premium of America vs. Stipek

Feb 2, 2007		Notice to abandon Welbe property

Feb 14, 2007		MP3 of the fourth bankruptcy hearing - (48 MB)

April 25, 2007		MP3 of the fifth bankruptcy hearing - (17 MB)



		Due to the large file size, you are recommended to right-click and select "Save Target As..." to and save the file on your system before listening to it. If you would like to obtain a CD or would like to make an appointment to listen to the hearing, please see the directions below.

Bankruptcy Contacts

Terry Biers
Bankruptcy Analyst
Office of United States Trustee

714-338-3410

Karen S. Naylor
Trustee
P.O. Box 504
Santa Ana, CA 92702-0504

949-262-1748

Steve Swartzell
Jim Bastian
Mark Bradshaw
Shulman, Hodges & Bastian LLP
General Counsel for Debtors, Leslie C. Stipek and Amelia L. Stipek
JBastian@shbllp.com
sswartzell@shbllp.com
www.shbllp.com
949-340-3400
Hours: 6 AM - 3 PM

U.S. Bankruptcy Court Website

U.S. Trustees Website

U.S. Trustees Region 16 Website

Map to the Court House

To receive the bankruptcy hearing on CD in MP3 format from U.S. Trustee

Send formatted CDs (in its original wrapping) with a self-addressed, stamped envelope OR arrange for a personal pickup. You must include an envelope with postage if you want it mailed to you. USPS priority mail ($4.05) is the easiest solution.

U.S. Bankruptcy Court
411 W. Fourth St.
Suite 9041
Santa Ana, CA 92701

Identify the following:

Request Date:
Case Name: Leslie C Stipek
Case Number: SA 06-11883 ES
Chapter: 11
Date and time of 341(a) examination (bankruptcy hearing) - Nov 29, 2006 2PM or Dec 19, 2006 9AM or Jan 12, 2007 9AM
Name of Trustee: None
Your name and phone number

You can purchase individually wrapped CDs at Staples, Office Depot or any computer store. The CD must be unopened in the shrink wrap from the vendor.

You can also make an appointment to go to the U.S. Trustee's office and listen to a CD by calling 714-338-3400

CDs of 341(a) examinations are maintained by the U.S. Trustee's office for 5 years from the date of the examination. After that, they are destroyed.

Note: The CDs are recorded in a standard MP3 (MPEG) format, to be played on a computer using RealPlayer or Windows Media Player. It will not play in a car CD player.