Fill in this information to identify your case:

United States Bankruptcy Court for the:

EASTERN DISTRICT OF VIRGINIA

Case number (if known) Chapter 11

 Check if this an

amended filing

Official Form 201

Voluntary Petition for Non-Individuals Filing for Bankruptcy 12/15

If more space is needed, attach a separate sheet to this form. On the top of any additional pages, write the debtor's name and case number (if known).

For more information, a separate document, Instructions for Bankruptcy Forms for Non-Individuals, is available.

1. Debtor's name Colonial Penniman, LLC

2. All other names debtor

used in the last 8 years

Include any assumed

names, trade names and

doing business as names

3. Debtor's federal

Employer Identification

Number (EIN)

20-8386793

4. Debtor's address Principal place of business Mailing address, if different from principal place of

business

213 Ingram Road

Williamsburg, VA 23188

Number, Street, City, State & ZIP Code P.O. Box, Number, Street, City, State & ZIP Code

Williamsburg City Location of principal assets, if different from principal

County place of business

Number, Street, City, State & ZIP Code

5. Debtor's website (URL)

6. Type of debtor  Corporation (including Limited Liability Company (LLC) and Limited Liability Partnership (LLP))

 Partnership

 Other. Specify:

Official Form 201 Voluntary Petition for Non-Individuals Filing for Bankruptcy page 1

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Debtor Colonial Penniman, LLC Case number (if known)

Name

7. Describe debtor's business A. Check one:

 Health Care Business (as defined in 11 U.S.C. § 101(27A))

 Single Asset Real Estate (as defined in 11 U.S.C. § 101(51B))

 Railroad (as defined in 11 U.S.C. § 101(44))

 Stockbroker (as defined in 11 U.S.C. § 101(53AB))

 Commodity Broker (as defined in 11 U.S.C. § 101(6))

 Clearing Bank (as defined in 11 U.S.C. § 781(3))

 None of the above

B. Check all that apply

 Tax-exempt entity (as described in 26 U.S.C. §501)

 Investment company, including hedge fund or pooled investment vehicle (as defined in 15 U.S.C. §80a-3)

 Investment advisor (as defined in 15 U.S.C. §80a-3)

C. NAICS (North American Industry Classification System) 4-digit code that best describes debtor.

 See http://www.naics.com/search/.

8. Under which chapter of the

Bankruptcy Code is the

Debtor filing?

Check one:

 Chapter 7

 Chapter 9

 Chapter 11. Check all that apply:

 Debtor's aggregate noncontingent liquidated debts (excluding debts owed to insiders or affiliates)

are less than $2,490,925 (amount subject to adjustment on 4/01/16 and every three years after

that).

 The debtor is a small business debtor as defined in 11 U.S.C. § 101(51D). If the debtor is a small

business debtor, attach the most recent balance sheet, statement of operation, cash-flow

statement, and federal income tax return or if all of these documents do not exist, follow the

procedure in 11 U.S.C. § 1116(1)(B).

 A plan is being filed with this petition.

 Acceptances of the plan were solicited prepetition from one or more classes of creditors, in

accordance with 11 U.S.C. § 1126(b).

 The debtor is required to file periodic reports (for example, 10K and 10Q) with the Securities and

Exchange Commission according to § 13 or 15(d) of the Securities Exchange Act of 1934. File the

attachment to Voluntary Petition for Non-Individuals Filing for Bankruptcy under Chapter 11

(Official Form 201A) with this form.

 The debtor is a shell company as defined in the Securities Exchange Act of 1934 Rule 12b-2.

 Chapter 12

9. Were prior bankruptcy

cases filed by or against

the debtor within the last 8

years?

 No.

 Yes.

If more than 2 cases, attach a

separate list. District When Case number

District When Case number

10. Are any bankruptcy cases

pending or being filed by a

business partner or an

affiliate of the debtor?

 No

 Yes.

List all cases. If more than 1,

attach a separate list Debtor Relationship to you

District When Case number, if known

Official Form 201 Voluntary Petition for Non-Individuals Filing for Bankruptcy page 2

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Debtor Colonial Penniman, LLC Case number (if known)

Name

11. Why is the case filed in

this district?

Check all that apply:

 Debtor has had its domicile, principal place of business, or principal assets in this district for 180 days immediately

preceding the date of this petition or for a longer part of such 180 days than in any other district.

 A bankruptcy case concerning debtor's affiliate, general partner, or partnership is pending in this district.

12. Does the debtor own or

have possession of any

real property or personal

property that needs

immediate attention?

 No

 Yes. Answer below for each property that needs immediate attention. Attach additional sheets if needed.

Why does the property need immediate attention? (Check all that apply.)

 It poses or is alleged to pose a threat of imminent and identifiable hazard to public health or safety.

What is the hazard?

 It needs to be physically secured or protected from the weather.

 It includes perishable goods or assets that could quickly deteriorate or lose value without attention (for example,

livestock, seasonal goods, meat, dairy, produce, or securities-related assets or other options).

 Other

Where is the property?

Number, Street, City, State & ZIP Code

Is the property insured?

 No

 Yes. Insurance agency

Contact name

Phone

Statistical and administrative information

13. Debtor's estimation of

available funds

. Check one:

 Funds will be available for distribution to unsecured creditors.

 After any administrative expenses are paid, no funds will be available to unsecured creditors.

14. Estimated number of

creditors

 1-49

 50-99

 100-199

 200-999

 1,000-5,000

 5001-10,000

 10,001-25,000

 25,001-50,000

 50,001-100,000

 More than100,000

15. Estimated Assets  $0 - $50,000

 $50,001 - $100,000

 $100,001 - $500,000

 $500,001 - $1 million

 $1,000,001 - $10 million

 $10,000,001 - $50 million

 $50,000,001 - $100 million

 $100,000,001 - $500 million

 $500,000,001 - $1 billion

 $1,000,000,001 - $10 billion

 $10,000,000,001 - $50 billion

 More than $50 billion

16. Estimated liabilities  $0 - $50,000

 $50,001 - $100,000

 $100,001 - $500,000

 $500,001 - $1 million

 $1,000,001 - $10 million

 $10,000,001 - $50 million

 $50,000,001 - $100 million

 $100,000,001 - $500 million

 $500,000,001 - $1 billion

 $1,000,000,001 - $10 billion

 $10,000,000,001 - $50 billion

 More than $50 billion

Official Form 201 Voluntary Petition for Non-Individuals Filing for Bankruptcy page 3

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Debtor Colonial Penniman, LLC Case number (if known)

Name

Request for Relief, Declaration, and Signature

WARNING -- Bankruptcy fraud is a serious crime. Making a false statement in connection with a bankruptcy case can result in fines up to $500,000 or

imprisonment for up to 20 years, or both. 18 U.S.C. §§ 152, 1341, 1519, and 3571.

17. Declaration and signature

of authorized

representative of debtor

The debtor requests relief in accordance with the chapter of title 11, United States Code, specified in this petition.

I have been authorized to file this petition on behalf of the debtor.

I have examined the information in this petition and have a reasonable belief that the information is trued and correct.

I declare under penalty of perjury that the foregoing is true and correct.

Executed on March 24, 2016

MM / DD / YYYY

X /s/ C. Lewis Waltrip, II, Trustee C. Lewis Waltrip, II, Trustee

Signature of authorized representative of debtor Printed name

Title Manager

18. Signature of attorney X /s/ W. Greer McCreedy, II Date March 24, 2016

Signature of attorney for debtor MM / DD / YYYY

W. Greer McCreedy, II

Printed name

The McCreedy Law Group, PLLC

Firm name

413 West York Street

Norfolk, VA 23510

Number, Street, City, State & ZIP Code

Contact phone 757 233-0045 Email address McCreedy@McCreedylaw.com

27681

Bar number and State

Official Form 201 Voluntary Petition for Non-Individuals Filing for Bankruptcy page 4

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Fill in this information to identify the case:

Debtor name Colonial Penniman, LLC

United States Bankruptcy Court for the: EASTERN DISTRICT OF VIRGINIA  Check if this is an

Case number (if known): amended filing

Official Form 204

Chapter 11 or Chapter 9 Cases: List of Creditors Who Have the 20 Largest Unsecured Claims and

Are Not Insiders 12/15

A list of creditors holding the 20 largest unsecured claims must be filed in a Chapter 11 or Chapter 9 case. Include claims which the

debtor disputes. Do not include claims by any person or entity who is an insider, as defined in 11 U.S.C. § 101(31). Also, do not

include claims by secured creditors, unless the unsecured claim resulting from inadequate collateral value places the creditor

among the holders of the 20 largest unsecured claims.

Name of creditor and

complete mailing address,

including zip code

Name, telephone number

and email address of

creditor contact

Nature of claim

(for example, trade

debts, bank loans,

professional services,

and government

contracts)

Indicate if claim

is contingent,

unliquidated, or

disputed

Amount of claim

If the claim is fully unsecured, fill in only unsecured claim amount. If

claim is partially secured, fill in total claim amount and deduction for

value of collateral or setoff to calculate unsecured claim.

Total claim, if

partially secured

Deduction for value

of collateral or setoff

Unsecured claim

James City County

Treasurer

101 Mounts Bay

Road

Williamsburg, VA

23185

Unpaid RE Taxes

for all parcels

$1.00 $0.00 $1.00

Official form 204 Chapter 11 or Chapter 9 Cases: List of Creditors Who Have the 20 Largest Unsecured claims page 1

Software Copyright (c) 1996-2016 Best Case, LLC - www.bestcase.com Best Case Bankruptcy

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}bk1{Credito AresMatix}bk{

C. Lewis Waltrip, II

213 Ingram Road

Williamsburg, VA 23188

CB Richard Ellis

ATTN: Scott Adams

150 West Main Street, Suite 11

Norfolk, VA 23510

Chesapeake Bank

ATTN: Thomas Richardson, VP

97 North Street

Kilmarnock, VA 22482

EVB Bank

c/o Dean Crouch, SVP

9702 Atler Commons Drive

Ashland, VA 23005

James City County Treasurer

101 Mounts Bay Road

Williamsburg, VA 23185

John and Maxine Williams

c/o Sheldon M. Franck, Esq.

1177 Jamestown Road

Williamsburg, VA 23185

Nathaniel Scaggs, Sub Trustee

c/o Hill & Rainey

2425 Boulevard, Suite 9

Colonial Heights, VA 23834

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United States Bankruptcy Court

Eastern District of Virginia

In re Colonial Penniman, LLC Case No.

Debtor(s) Chapter 11

CORPORATE OWNERSHIP STATEMENT (RULE 7007.1)

Pursuant to Federal Rule of Bankruptcy Procedure 7007.1 and to enable the Judges to evaluate possible disqualification or

recusal, the undersigned counsel for Colonial Penniman, LLC in the above captioned action, certifies that the following

is a (are) corporation(s), other than the debtor or a governmental unit, that directly or indirectly own(s) 10% or more of

any class of the corporation's(s') equity interests, or states that there are no entities to report under FRBP 7007.1:

C. Lewis Waltrip, II Living Tr

213 Ingram Road

Williamsburg, VA 23188

CLW Irrevocable Trust

213 Ingram Road

Williamsburg, VA 23188

 None [Check if applicable]

March 24, 2016 /s/ W. Greer McCreedy, II

Date W. Greer McCreedy, II 27681

Signature of Attorney or Litigant

Counsel for Colonial Penniman, LLC

The McCreedy Law Group, PLLC

413 West York Street

Norfolk, VA 23510

757 233-0045 Fax:757 233-7661

McCreedy@McCreedylaw.com

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