The Remaining Schedules

The remaining CPCE bankruptcy Schedules were filed today, with the most interesting one probably being Schedule B, the list of "Personal Property." Since CPCE had no real property, this Schedule pretty much reflects all the actual claimed assets of the corporation.

Here's a quick summary:

Bank acct, Wachovia: $334.68
Bank acct, Beach Community Bank: $3,953.66

Accounts receivable, CircuiTicket ("Funds related to 2008 events"): $12,482.70

4 accts, American Express ("Accounts frozen purusant to Order in suit by Bardfield and Carver"): Unknown

3 accts, First Data ("funds on on hold pursuant to garnishment from suit by Bardfield and Carver"): Unknown

Apparently, those last seven frozen accounts are so well protected by the injunction Chisholm can't even do a balance inquiry on them.

So, total assets listed for OMW are $16,771.04, plus 7 frozen accounts listed as "unknown." And while those "unknown" accounts could very well be substantial, I'd say it's a sure bet they are very well under the 1.7 million or so in debt listed on Schedules E and F.

Indeed, I think we can safely infer they are well less than the $240,000 Bardfield and Carver were demanding in their lawsuit; otherwise, this rather damaging suit would have undoubtedly been settled by Chisholm a loooong time ago.