Case Number:

Case Name:

Period Ending:

19-18748 SMG 

WHALE CAY GROUP, LIMITED

06/30/22

Michael R. Bakst, Trustee

02/07/20 (c)

04/22/20

06/17/20

Trustee:

Filed (f) or Converted (c):

D0HHWLQJ'DWH

Claims Bar Date:

Ref #

1

Asset Description

(Scheduled And Unscheduled (u) Property)

2

Petition/

Unscheduled

Values

3

Estimated Net Value

(Value Determined By Trustee,

Less Liens, Exemptions,

and Other Costs)

4

Property

Abandoned

2$ D$EDQGRQ

5

Sale/Funds

Received by

the Estate

6

Asset Fully

Administered (FA)/

Gross Value of

Remaining Assets

1 SUNTRUST BANK #1692 2,813.95 2,458.95 2,458.95 FA 

2 25% SEASIDE PROPERTIES BAHAMAS LLC

(see footnote)

Unknown 100.00 0.00 100.00

3 LOTS 63-99, 101-103, 106, 120a-130, 140-141a, 149, 150, 

GREAT HOUSE TRACT A, 299.06 ACRE PARECEL (LESS 52

ACRES AND 5.8 ACRES, AND P. LAGIER'S 7 ACRE 

PARCEL), 

118.5 acre parcel, 45.12 acre parcel, 21.17 acre parcel, and 

lowlying lands (approx. 139 acres), Great Whale Cay, The 

Bahamas (lots 103, 120a-c, 129-130, and 149-150 are subject 

to Case Holding claim of 50% interest).

AMENDED SCHEDULES FILED 8-14-2020--ECF#180

35,150,000.00 35,150,000.00 0.00 35,150,000.00

4 LOTS 58, 142 and 143, GREAT WHALE CAY, THE BAHAMAS 750,000.00 750,000.00 0.00 750,000.00

5 52 ACRE PARCEL, and 5.8 ACRE PARCEL WITHIN 299.06 

ACRE PARCEL, GREAT WHALE CAY, BAHAMAS

6,030,000.00 6,030,000.00 0.00 6,030,000.00

6 BUSINESS MACHINERY & VEHICLES

(see footnote)

50,100.00 10,000.00 0.00 10,000.00

7 POTENTIAL CLAIM AGAINST AMERICAN INVESTMENT 

PROPERTIES, INC.

NO VALUE

Unknown 0.00 0.00 FA 

8 COLLECTION OF PAPERS AND ARTIFACTS OF JOE 

CARSTAIRS

65,000.00 65,000.00 0.00 65,000.00

9 GREAT HOUSE FURNISHINGS $750 & STAINED GLASS 

WINDOWS FOR CHURCH (5) $4,000

4,750.00 4,750.00 0.00 4,750.00

10 MULTIPLE VEHICLES; EQUIPMENT; TOOLS; MOTORSDUPLICATE OF ASSET #6 (u)

AMENDED SCHEDULES FILED IN THE LEAD CASE 

ECF#180 - THIS IS A DUPLICATE ASSET OF #6.

0.00 0.00 0.00 FA 

11 2013 PATHFINDER WITH TRAILER (u)

PAY'T PER C.O. DATED 8-20-2020 --ECF#181 (IN LEAD 

CASE P&D 19-18740-SMG)

18,500.00 18,500.00 18,500.00 FA 

TOTALS (Excluding Unknown Values) $42,071,163.95 $42,030,808.95 $20,958.95 $42,009,850.00

Regarding Property #2 THE VALUE OF THIS ASSET WILL DEPEND UPON BEING ABLE TO SELL THE REAL PROPERTY THAT IS ON THE MARKET CURRENTLY. UNTIL THE PROPERTY IS 

SOLD, NO DETERMINATION CAN BE MADE AS TO THE VALUE AT THIS TIME. THE TRUSTEE VALUE IS ONLY TO BE IN COMPLIANCE WITH THE UST HANDBOOK.

Regarding Property #6 2016 Kawasaki Mule 4X4 VIN JK1AFCR17GB528319, $ 3500.00; 

FORM 1

INDIVIDUAL ESTATE PROPERTY RECORD AND REPORT

ASSET CASES

Page: 1

Case 19-18748-SMG Doc 62 Filed 07/28/22 Page 1 of 5
(1) 2016 Kawasaki Mule -2 wheel Dr. VIN JK1AFEA12GB57444 0, $ 2500.00; (1) 2008 EZ Load Boat Trailer VIN1ZEVHESJ95A017217, $ 500.00; 

(1) Kubota Tractor VIN52832 (49369) including Kubota Loader VIND4337 (50334), 

7' Landscape Rake VIN 09709 (50815), Bush Hog Mower IN1HCAR11609104, $25000.00; 

(1) 2011 Chevrolet Silverado Truck VIN 1GC2KVCG0BZ167613, $ 8500.00; 

(1) 13' Boston Whaler, $2000.00; (1) 150 HP Mercury Outboard, $750.00; 

(1) 7KW Generator, $2500.00; 

(1) 21KW Generator, $4000.00; 

(1) 4 KW Generator, $ 500.00;

Misc. tools: 2 chain saws, 2 weedeaters, $ 350.00

Major activities affecting case closing:

FORT LAUDERDALE DIVISION

CBD: 06-17-2020 [ECF#52]

TAX RETURN STATUS: KAPLILA EMPLOYED. REFER TO LEAD CASE 19-18740-SMG ON 5-26-2020 [ECF#45]. THIS IS A FOREIGN ENTITY WITHOUT US FILING REQUIREMENT

CASE STATUS: THIS ESTATE CONVERTED TO A CHAPTER 7 ON FEBRUARY 7, 2020. THIS CASE IS BEING JOINTLY ADMINISTERED IN THE LEAD CASE [19-18740-SMG] P&D 

INVESTMENTS LLC, INCLUDING 19-18744-SMG [PCD INVESTMENTS LLC]. MICHAEL R BAKST WAS APPOINTED AS THE CHAPTER 7 TRUSTEE ON FEBRUARY 12, 2020[ECF#46]

REFER TO LEAD CASE 19-18740-SMG FOR CURRENT STATUS

Initial Projected Date of Final Report (TFR): September 30, 2022 Current Projected Date of Final Report (TFR): September 30, 2024

FORM 1

INDIVIDUAL ESTATE PROPERTY RECORD AND REPORT

ASSET CASES

Page: 2

Case 19-18748-SMG Doc 62 Filed 07/28/22 Page 2 of 5
Case Number: 19-18748 SMG Trustee: Michael R. Bakst, Trustee

Case Name: WHALE CAY GROUP, LIMITED Bank Name: Signature Bank

Account: ******6355 - Checking

Taxpayer ID#: ******3727 Blanket Bond: $53,950,000.00 (per case limit)

Period: 07/01/21 - 06/30/22 Separate Bond: N/A

1

Trans.

Date

2

Check or

Ref. #

3

Paid To / Received From

4

Description of Transaction

Uniform

Tran. Code

5

Receipts

$

 6

Disbursements

$

7

Checking

Account Balance

02/13/20 Asset #1 Whale Cay Group Ltd., Chapter 11 PAY'T FROM CHAPTER 11 TRUSTEE TO 

CLOSE OUT TIP BANK ACCOUNT

1129-000 2,458.95 2,458.95

06/30/20 Signature Bank Bank and Technology Services Fee 2600-000 5.00 2,453.95

07/31/20 Signature Bank Bank and Technology Services Fee 2600-000 5.00 2,448.95

08/31/20 Signature Bank Bank and Technology Services Fee 2600-000 5.00 2,443.95

09/03/20 Asset #11 Marc Barmat,Trustee PAY'T PER C.O. DATED 8-20-2020 --

ECF#181 FILED IN LEAD CASE 19-18740-

SMG

1229-000 18,500.00 20,943.95

09/15/20 1001 NASSAU UNDERWRITERS 

AGENCY

PAY'T PER C.O. DATED 9-15-2020--ECF#188

(INS POLICY PERIOD 9-17-2020 THRU 9-17-

2021 (DWELLING & CONTENTS)

2990-000 7,493.25 13,450.70

09/15/20 1002 FALCON INSURANCE AGENCY 

OF HOUSTON, INC.

PAY'T PER C.O. DATED 9-15-2020--ECF#188

(INS POLICY PERIOD 9-19-2020 THRU 9-19-

2021 (AIRPORT LIABILITY INSURANCE)

2990-000 8,438.00 5,012.70

09/30/20 Signature Bank Bank and Technology Services Fee 2600-000 21.74 4,990.96

11/02/20 Signature Bank Bank and Technology Services Fee 2600-000 7.98 4,982.98

11/30/20 Signature Bank Bank and Technology Services Fee 2600-000 8.23 4,974.75

12/31/20 Signature Bank Bank and Technology Services Fee 2600-000 8.22 4,966.53

01/29/21 Signature Bank Bank and Technology Services Fee 2600-000 7.69 4,958.84

Form 2

Cash Receipts and Disbursements Record

Page: 1

Case 19-18748-SMG Doc 62 Filed 07/28/22 Page 3 of 5
Case Number: 19-18748 SMG Trustee: Michael R. Bakst, Trustee

Case Name: WHALE CAY GROUP, LIMITED Bank Name: Signature Bank

Account: ******6355 - Checking

Taxpayer ID#: ******3727 Blanket Bond: $53,950,000.00 (per case limit)

Period: 07/01/21 - 06/30/22 Separate Bond: N/A

1

Trans.

Date

2

Check or

Ref. #

3

Paid To / Received From

4

Description of Transaction

Uniform

Tran. Code

5

Receipts

$

 6

Disbursements

$

7

Checking

Account Balance

02/26/21 Signature Bank Bank and Technology Services Fee 2600-000 7.42 4,951.42

03/31/21 Signature Bank Bank and Technology Services Fee 2600-000 8.99 4,942.43

04/30/21 Signature Bank Bank and Technology Services Fee 2600-000 7.92 4,934.51

05/28/21 Signature Bank Bank and Technology Services Fee 2600-000 7.38 4,927.13

06/30/21 Signature Bank Bank and Technology Services Fee 2600-000 8.69 4,918.44

07/30/21 Signature Bank Bank and Technology Services Fee 2600-000 7.88 4,910.56

08/31/21 Signature Bank Bank and Technology Services Fee 2600-000 8.39 4,902.17

09/30/21 Signature Bank Bank and Technology Services Fee 2600-000 7.86 4,894.31

10/29/21 Signature Bank Bank and Technology Services Fee 2600-000 7.58 4,886.73

11/30/21 Signature Bank Bank and Technology Services Fee 2600-000 8.36 4,878.37

12/31/21 Signature Bank Bank and Technology Services Fee 2600-000 8.08 4,870.29

01/31/22 Signature Bank Bank and Technology Services Fee 2600-000 8.07 4,862.22

02/28/22 Signature Bank Bank and Technology Services Fee 2600-000 7.27 4,854.95

03/31/22 Signature Bank Bank and Technology Services Fee 2600-000 8.04 4,846.91

04/29/22 Signature Bank Bank and Technology Services Fee 2600-000 7.62 4,839.29

Form 2

Cash Receipts and Disbursements Record

Page: 2

Case 19-18748-SMG Doc 62 Filed 07/28/22 Page 4 of 5
Case Number: 19-18748 SMG Trustee: Michael R. Bakst, Trustee

Case Name: WHALE CAY GROUP, LIMITED Bank Name: Signature Bank

Account: ******6355 - Checking

Taxpayer ID#: ******3727 Blanket Bond: $53,950,000.00 (per case limit)

Period: 07/01/21 - 06/30/22 Separate Bond: N/A

1

Trans.

Date

2

Check or

Ref. #

3

Paid To / Received From

4

Description of Transaction

Uniform

Tran. Code

5

Receipts

$

 6

Disbursements

$

7

Checking

Account Balance

05/31/22 Signature Bank Bank and Technology Services Fee 2600-000 7.86 4,831.43

06/30/22 Signature Bank Bank and Technology Services Fee 2600-000 7.85 4,823.58

ACCOUNT TOTALS 

Less: Bank Transfers

20,958.95

0.00

16,135.37

0.00

$4,823.58

Subtotal

Less: Payment to Debtors

20,958.95 16,135.37

0.00

NET Receipts / Disbursements $20,958.95 $16,135.37

TOTAL - ALL ACCOUNTS

Net

Receipts

Net

Disbursements

Account

Balances

Checking # ******6355 20,958.95 16,135.37 4,823.58

$20,958.95 $16,135.37 $4,823.58

Net Receipts: $20,958.95

Net Estate: $20,958.95

Form 2

Cash Receipts and Disbursements Record

Page: 3

Case 19-18748-SMG Doc 62 Filed 07/28/22 Page 5 of 5