New York Eastern Bankruptcy Court

Case number: 8:25-bk-72526 - IPA Asset Management, LLC - New York Eastern Bankruptcy Court

Case Information
Case title
IPA Asset Management, LLC
Chapter
11
Judge
Sheryl P. Giugliano
Filed
06/27/2025
Last Filing
08/26/2026
Asset
Yes
Vol
v
Docket Header

RELATED, PlnDue, DsclsDue, TRANSFER




U.S. Bankruptcy Court
Eastern District of New York (Central Islip)
Bankruptcy Petition #: 8-25-72526-spg

Assigned to: Honorable Sheryl P. Giugliano
Chapter 11
Voluntary
Asset


Date filed:  06/27/2025
Date of Intradistrict transfer:  06/27/2025
341 meeting:  08/13/2025
Deadline for filing claims:  08/31/2026
Deadline for filing claims (govt.):  12/24/2025

Debtor

IPA Asset Management, LLC

45 Sarah Drive
Farmingdale, NY 11735
SUFFOLK-NY
Tax ID / EIN: XX-XXXXXXX

represented by
J Ted Donovan

Goldberg Weprin Finkel Goldstein LLP
Goldberg Weprin Finkel Goldstein LLC
125 Park Avenue
Ste 12th Floor
New York, NY 10017
212-221-5700
Fax : 212-221-6532
Email: [email protected]

Trustee

R. Kenneth Barnard

3305 Jerusalem Avenue
Suite 215
Wantagh, NY 11793
516-809-9397

represented by
Melanie A FitzGerald

LaMonica Herbst & Maniscalco LLP
3305 Jerusalem Avenue
Suite 201
Wantagh, NY 11793
516-826-6500
Fax : 516-826-0222
Email: [email protected]

Gary F. Herbst

LaMonica Herbst & Maniscalco, LLP
3305 Jerusalem Avenue, Suite 201
Wantagh
Wantagh, NY 11793
(516) 826-6500
Fax : (516) 826-0222
Email: [email protected]

Holly R. Holecek

LaMonica Herbst & Maniscalco LLP
3305 Jerusalem Avenue
Wantagh, NY 11793
(516) 826-6500
Fax : (516) 826-0222
Email: [email protected]

LaMonica Herbst & Maniscalco, LLP

3305 Jerusalem Avenue
Suite 201
Wantagh, NY 11793
516-826-6500

U.S. Trustee

Office of the United States Trustee

Eastern District of NY (Brooklyn)
Alexander Hamilton Custom House
One Bowling Green
Room 510
New York, NY 10004-1408
(212) 206-2580

 
 
US Trustee Trial Attorney

William J. Birmingham

Office of The United States Trustee - Region 2
560 Federal Plaza
Central Islip, NY 11722
631-715-7789
 
 

Latest Dockets
Date Filed#Docket Text
08/26/2026160Docket Text
Letter requesting extension of time. Filed by J Ted Donovan on behalf of IPA Asset Management, LLC (RE: related document(s)148 Order to Schedule Hearing (Generic)) (Donovan, J) (Entered: 08/26/2026)
08/25/2026159Docket Text
Brief Filed by Scott J Kreppein on behalf of Marie Holdings, Inc. (RE: related document(s)148 Order to Schedule Hearing (Generic)) (Attachments: # 1 Atty Declaration # 2 Exhibit A - Marketing Material # 3 Derosa 2024 Affidavit # 4 C - McKinly 2021 Ltr # 5 D - 132 West 130 Improvement and Sale Agreement # 6 E - DeRosa 2017 Affidavit # 7 F - Deficiency and Contempt Orders re 132 W 130 # 8 G - 2021 Bhargava Affidavit # 9 H - List of Mangotree - IPA Properties # 10 I - Mangotree Settlement Agreement # 11 J - Confession of Judgment for Multiple Entities Jointly # 12 K - McKinley 2024 Aff # 13 L - 2024 Quickbooks re Payments to Mangotree # 14 M - 2024 Mangotree Ledger # 15 N - Escrow Accounting # 16 O - Correspondence re Old Post Road and 85 Hudson # 17 P - 724 Old Post Road Property Record # 18 Q - 85 Hudson Street Property Record # 19 R - 59 Beecher Street # 20 504 Browns Road # 21 T - 1140 Flanders # 22 U 21 Litchfield # 23 w - 639 5th # 24 y - 1091 Gardiner # 25 z - 665 North # 26 AA1 - 665 North # 27 AA2 - 665 North # 28 BB - 132 w 34th # 29 CC - 436 Ocean Front # 30 DD - 1082 Connectquote # 31 FF - 6 Vineyard Way # 32 GG - 145 Hunters Dr # 33 HH - 15 Barberry # 34 II - 170 Hamlet # 35 JJ - 82 Yale # 36 KK - 82 Hancock # 37 KK - 286 Thomkins # 38 LL1 - 82 Powell # 39 LL2 - 250 St Marks # 40 MM - 21 Oak # 41 V1 - 6th Dist files to pg 60 # 42 v2 - 6th Dist files pgs 61-120 # 43 v3 - 6th Dist pgs 121 - 180 # 44 V4 - 6th Dist pgs 180 - 240 # 45 V5 - 6th Dist files pgs 240 - 312) (Kreppein, Scott) (Entered: 08/25/2026)
08/21/2026158Docket Text
Notice of Proposed Stipulation By and Between R. Kenneth Barnard, Trustee, and Kevin Nash, counsel to the Debtor to Vacating the Abandonment of the Estate's Interest in and to the Debtor's Real Property and Contents Thereof Located at 8 Heron Avenue, Coram, NY Filed by Gary F. Herbst on behalf of R. Kenneth Barnard (RE: related document(s)121 Notice of Proposed Abandonment of Property of the Estate filed by Trustee R. Kenneth Barnard) (Herbst, Gary) (Entered: 08/21/2026)
08/21/2026157Docket Text
Affidavit/Certificate of Service Filed by Holly R. Holecek on behalf of R. Kenneth Barnard (RE: related document(s)153 Application to Employ filed by Trustee R. Kenneth Barnard, 154 Amended Notice of Motion/Presentment filed by Trustee R. Kenneth Barnard) (Holecek, Holly) (Entered: 08/21/2026)
08/19/2026156Docket Text
BNC Certificate of Mailing with Application/Notice/Order Notice Date 08/19/2026. (Admin.) (Entered: 08/20/2026)
08/19/2026155Docket Text
Order Granting Motion For Relief From Stay as to property located at 230 Ralph Ave, Babylon, New York 1170 on behalf of HSBC Bank USA, National Association, as trustee for Deutsche Alt-A Securities Mortgage Loan Trust, Mortgage Pass-Through Certificates Series 2007-AR2, that the 14-day stay imposed by Fed. R. Bankr. P. 4001(a)(4) is waived and that all other relief requested in the Motion is denied. (Related Doc # 133) Signed on 8/19/2026. (ymm) (Entered: 08/19/2026)
08/18/2026154Docket Text
Amended Notice of Motion/Presentment / Notice of Presentment. Objections to be filed on 5:00 p.m. on 9/8/2026. Hearing on Objections, if any, will be held on: TBD. Filed by Holly R. Holecek on behalf of R. Kenneth Barnard (RE: related document(s)153 Application to Employ filed by Trustee R. Kenneth Barnard) Order to be presented for signature on 9/14/2026. (Holecek, Holly) (Entered: 08/18/2026)
08/18/2026153Docket Text
Application to Employ Prager Metis, CPAs, LLC as Accountants to the Chapter 11 Trustee Filed by Holly R. Holecek on behalf of R. Kenneth Barnard. (Attachments: # 1 Exhibit A - Declaration # 2 Exhibit B - Proposed Order) (Holecek, Holly) (Entered: 08/18/2026)
08/18/2026152Docket Text
Order Granting Relief From the Automatic Stay on behalf of Wells Fargo Bank, N.A., as Trustee for Option One Mortgage Loan Trust 2006-3 Asset-Backd Certificates, Series 2006-3 with respect to 184 West 3rd Street, Deer Park, New York 11729. Ordered; that all other relief requested in the Motion is denied. (Related Doc # 118) Signed on 8/18/2026. (alh) (Entered: 08/18/2026)
08/17/2026151Docket Text
Court's Service List (RE: related document(s)148 Order to Schedule Hearing (Generic)) (caf) (Entered: 08/17/2026)