New Jersey Bankruptcy Court

ORDER GRANTING RELIEF FROM AUTOMATIC STAY re: 50-54 Sussex Avenue, Newark, New Jersey (Related Doc # 83). Service of notice of the entry of this order pursuant to Rule 9022 was made on the appropriate parties. See BNC Certificate of Notice. Signed on 10/9/2026. (wiq) (Entered: 10/09/2026)

Minute of 10/08/2026 Hearing Held and Continued. OUTCOME: Granted in Part - Adjourned in Part (related document:76 Motion to Enforce For Secondary Appointments for the Receiver Ian V. Lagowitz, enforcement of the Receivership Order and Compelling Performance by Debtor and for related relief to Enforce Filed by Philip Seth Rosen on behalf of Ian V Lagowitz.. (Attachments: # 1 Declaration of Philip S. Rosen # 2 Ex. 1 Philip S. Rosen Bio # 3 Ex. 2 Daniel Park Bio # 4 Declaration of Ian V. Lagowitz # 5 Ex. 1 Amended complaint # 6 Ex. 2 Order appointing Receiver # 7 Ex. 3 Order denying Cash Collateral Motion and appointing Receiver # 8 Ex. 4 Trigild Transmittal email - Receivership Demand Letter # 9 Ex. 5 Takeover Receiver Report # 10 Ex. 6 Email re Security Deposits # 11 Ex. 7 Email re security Deposits w attachments # 12 Ex. 8 9-16-26 Emails re expenses # 13 Ex. 9 Financial Agreement for 50 Sussex Redevelopment Urban Renewal # 14 Ex. 10 City of Newark Online Payment System--50 Sussex # 15 Ex. 11 Demand Letter to 50 Sussex # 16 Ex. 12 9-8-26 Debtor Counsel Email # 17 Ex. 13 About Us progressive Companies - Sussex) Filed by Other Prof. Ian V Lagowitz) Hearing scheduled for 10/22/2026 at 01:00 PM, MBK - Courtroom 8, Trenton. (llb) (Entered: 10/08/2026)

Minute of Hearing Held, OUTCOME: Granted - Revised Order to be Submitted (related document:83 Motion for Relief from Stay re: 50-54 Sussex Avenue, Newark, New Jersey. Fee Amount $ 199. Filed by Michael D. Sirota on behalf of BPT 5OS Funding LLC.. Filed by Creditor BPT 5OS Funding LLC) (llb) (Entered: 10/08/2026)

Hearing Rescheduled from 10/08/2026. (related document:3 CHAPTER 11 STATUS CONFERENCE HEARING. (related document:1 Chapter 11 Voluntary Petition Filed by Albert Anthony Ciardi III on behalf of 50 Sussex Redevelopment Urban Renewal LLC. Chapter 11 Debtors Exclusive Right to File a Plan Expires on 10/29/2026. (Attachments: # 1 List of 20 Largest Creditors # 2 Corporate Resolution # 3 Verification of Creditor Matrix and Creditors) Modified on 7/2/2026 (mrg). CREDITORS NOT UPLOADED filed by Debtor 50 Sussex Redevelopment Urban Renewal LLC). The following parties were served: Debtor, Debtor's Attorney, and US Trustee. Hearing scheduled for 7/30/2026 at 10:00 AM, MBK - Courtroom 8, Trenton. (wiq))Hearing scheduled for 10/22/2026 at 01:00 PM, MBK - Courtroom 8, Trenton. (llb) (Entered: 10/08/2026)

PDF with attached Audio File. Court Date & Time [10/08/2026 11:32:21 AM]. File Size [ 17416 KB ]. Run Time [ 01:14:36 ]. (admin). (Entered: 10/08/2026)

Response to (related document:83 Motion for Relief from Stay re: 50-54 Sussex Avenue, Newark, New Jersey. Fee Amount $ 199. Filed by Michael D. Sirota on behalf of BPT 5OS Funding LLC.. filed by Creditor BPT 5OS Funding LLC) filed by Albert Anthony Ciardi III on behalf of 50 Sussex Redevelopment Urban Renewal LLC. (Ciardi, Albert) (Entered: 10/08/2026)

Supplemental Declaration of Ian V. Lagowitz in Support of Motion of BPT 50S Funding LLC for Entry of an Order (I) Granting Relief from the Automatic Stay Pursuant to 11 U.S.C. Sections 362(D)(1) and (D)(3) and (II) Granting Related Relief in support of (related document:83 Motion for Relief From Stay filed by Creditor BPT 5OS Funding LLC) filed by Michael D. Sirota on behalf of BPT 5OS Funding LLC. (Sirota, Michael) (Entered: 10/08/2026)

BNC Certificate of Notice - Order No. of Notices: 1. Notice Date 10/07/2026. (Admin.) (Entered: 10/08/2026)

Joinder of BPT 50S Funding LLC to (A) Receiver's Motion for (I) Secondary Appointments for the Receiver; (II) Enforcement of the Receivership Order and Compelling Performance by Debtor under the Receivership Order; and (III) Granting Related Relief; and (B) Receiver's Reply Brief in Support Thereof in support of (related document:76 Motion to Enforce filed by Other Prof. Ian V Lagowitz) filed by Michael D. Sirota on behalf of BPT 5OS Funding LLC. (Sirota, Michael) (Entered: 10/07/2026)

Certificate of Service (related document:83 Motion for Relief From Stay filed by Creditor BPT 5OS Funding LLC, 84 Application to Shorten Time filed by Creditor BPT 5OS Funding LLC, 85 Order on Application to Shorten Time) filed by Michael D. Sirota on behalf of BPT 5OS Funding LLC. (Sirota, Michael) (Entered: 10/07/2026)