UNITED STATES DISTRICT COURT

SOUTHERN DISTRICT OF FLORIDA

CASE NO. 20-CIV-81205-RAR

SECURITIES AND EXCHANGE 

COMMISSION,

Plaintiff,

v.

COMPLETE BUSINESS SOLUTIONS 

GROUP, INC. d/b/a PAR FUNDING, et al.,

Defendants.

_______________________________/ 

ORDER (1) DENYING NON-PARTY TOORAK CAPITAL

PARTNERS, LLC’S MOTION TO INTERVENE AND LIFT LITIGATION 

INJUNCTION AND (2) GRANTING RECEIVER, RYAN K.

STUMPHAUZER’S MOTION TO LIFT LITIGATION INJUNCTION TO

ALLOW TOORAK CAPITAL PARTNERS, LLC TO PROCEED WITH

CERTAIN FORECLOSURE ACTIONS IN NEW YORK STATE COURT

THIS CAUSE comes before the Court upon Non-Party Toorak Capital Partners, LLC’s 

Motion to Intervene and Lift Litigation Injunction to Allow it to Proceed with Foreclosure Actions 

in New York State Court [ECF No. 1391] (“Motion to Intervene”); and the Receiver’s Motion to 

Lift Litigation Injunction to Allow Toorak Capital Partners, LLC to Proceed with Certain 

Foreclosure Actions in New York State Court [ECF No. 1420] (“Receiver’s Motion to Lift 

Litigation Injunction”). 

In the Motion to Intervene, Non-Party Toorak Capital Partners, LLC seeks to intervene in 

this action for the limited purpose of requesting the Court to lift the litigation injunction provided 

for in the Court’s Amended Order Appointing Receiver dated August 13, 2020 [ECF No. 141] 

(“Amended Order”), so as to permit Toorak Capital Partners, LLC to proceed with the following 

two foreclosure actions that are pending in the Supreme Court of the State of New York, Kings 

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County: (a) Toorak Capital Partners, LLC v. 145 Stuyvesant Ave. Prop. LLC, et al., Index No. 

500868/2021 (“145 Stuyvesant Foreclosure Action”), which names Complete Business Solutions 

Group, Inc. d/b/a Par Funding as a junior lienholder defendant; and (b) Toorak Capital Partners, 

LLC v. 347A Quincy St. Prop. LLC, et al., Index No. 501908/2021 (“347A Quincy Foreclosure 

Action”), which names Fast Advance Funding Inc. as a junior lienholder defendant.

In the Receiver’s Response to the Motion to Intervene and the Receiver’s Motion to Lift 

Litigation Injunction, the Receiver opposes the Motion to Intervene, but simultaneously requests 

the Court lift the litigation injunction provided for in the Amended Order to allow Non-Party 

Toorak Capital Partners, LLC to proceed with the Foreclosure Action.

The Receiver has made a sufficient and proper showing in support of the relief requested. 

Accordingly, it is hereby

ORDERED AND ADJUDGED as follows:

1. The Motion to Intervene is DENIED.

2. The Receiver’s Motion to Lift Litigation Injunction is GRANTED. For the reasons 

stated in the Receiver’s Motion to Lift Litigation Injunction, the litigation injunction set forth in 

the Court’s Amended Order Appointing Receiver dated August 13, 2020 [ECF No. 141] is hereby 

lifted to allow Toorak Capital Partners, LLC to proceed with the 145 Stuyvesant Foreclosure 

Action and the 347A Quincy Foreclosure Action.

DONE AND ORDERED in Fort Lauderdale, Florida, this 30th day of September, 2022.

________________________________

RODOLFO A. RUIZ II

UNITED STATES DISTRICT JUDGE

Copies to: Counsel of record

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