FORM 1

INDIVIDUAL ESTATE PROPERTY RECORD AND REPORT

ASSET CASES

Page No:

Asset Fully Administered (FA)/

Gross Value of Remaining Assets

6

Sales/Funds

Received by 

the Estate

4 5

Property

 Abandoned 

OA =§ 554(a) abandon.

Estimated Net Value

(Value Determined by

Trustee,

Less Liens, Exemptions,

and Other Costs)

3

 Petition/

Unscheduled

Value

1 2

Asset Description

(Scheduled and

Unscheduled (u) Property)

Case Name:

Case No.: 20-18841

TERAS BREAKBULK OCEAN NAVIGATION ENTERPRISES, LLC

Trustee Name:

Date Filed (f) or Converted (c): 08/18/2020 (f)

For the Period Ending: §341(a) Meeting Date: 

Claims Bar Date:

09/30/2022

Robert A. Angueira

09/16/2020

10/27/2020

 1

Ref. #

1 JP Morgan Chase Checking Account 7265 $0.00 $0.00 $0.00 FA

2 VOID $0.00 $0.00 $0.00 FA

Asset Notes: Debtor removed prepayment to World Fuel Services on Amended DE #18, was originally listed with a value of $13,000.

3 VOID $0.00 $0.00 $0.00 FA

Asset Notes: Debtor removed prepayment to OE Durant, Inc. on Amended DE #18, was originally listed with a value of $4,947.94.

4 VOID $0.00 $0.00 $0.00 FA

Asset Notes: Debtor removed prepayment to Vandeventer Black LLP on Amended DE #18, was originally listed with a value of $7,000.

5 VOID $0.00 $0.00 $0.00 FA

Asset Notes: Debtor removed prepayment to Inmarsat on Amended DE #18, was originally listed with a value of $10,200.96.

6 VOID $0.00 $0.00 $0.00 FA

Asset Notes: Debtor removed prepayment to Inmarsat on Amended DE #18, was originally listed with a value of $468.23.

7 VOID $0.00 $0.00 $0.00 FA

Asset Notes: Debtor removed prepayment to Kibble & Prentice on Amended DE #18, was originally listed with a value of $76,545.

8 VOID $0.00 $0.00 $0.00 FA

Asset Notes: Debtor removed prepayment to KPI 09/02/2016 on Amended DE #18, was originally listed with a value of $200,000..

9 VOID $0.00 $0.00 $0.00 FA

Asset Notes: Debtor removed prepayment to Meridian Global Consulting, LLC on Amended DE #18, was originally listed with a value of $20,000.

10 VOID $0.00 $0.00 $0.00 FA

Asset Notes: Debtor removed prepayment to Meridian Global Consulting, LLC on Amended DE #18, was originally listed with a value of $5,000

11 VOID $0.00 $0.00 $0.00 FA

Asset Notes: Debtor removed prepayment to Meridian Global Consulting, LLC on Amended DE #18, was originally listed with a value of $5,000.

12 VOID $0.00 $0.00 $0.00 FA

Asset Notes: Debtor removed prepayment to Meridian Global Consulting LLC on Amended DE #18, was originally listed with a value of $30,000.

13 VOID $0.00 $0.00 $0.00 FA

Asset Notes: Debtor removed prepayment to Portserve International Ltd. on Amended DE #18, was originally listed with a value of $388,354.61.

14 VOID $0.00 $0.00 $0.00 FA

Asset Notes: Debtor removed prepayment to Portserve International Ltd. on Amended DE #18, was originally listed with a value of $500,000.

15 VOID $0.00 $0.00 $0.00 FA

Asset Notes: Debtor removed prepayment to Portserve International Ltd. on Amended DE #18, was originally listed with a value of $20,000.

16 VOID $0.00 $0.00 $0.00 FA

Asset Notes: Debtor removed prepayment to Portserve International Ltd. on Amended DE #18, was originally listed with a value of $20,000.

17 VOID $0.00 $0.00 $0.00 FA

Case 20-18841-RAM Doc 90 Filed 10/25/22 Page 1 of 3
FORM 1

INDIVIDUAL ESTATE PROPERTY RECORD AND REPORT

ASSET CASES

Page No:

Asset Fully Administered (FA)/

Gross Value of Remaining Assets

6

Sales/Funds

Received by 

the Estate

4 5

Property

 Abandoned 

OA =§ 554(a) abandon.

Estimated Net Value

(Value Determined by

Trustee,

Less Liens, Exemptions,

and Other Costs)

3

 Petition/

Unscheduled

Value

1 2

Asset Description

(Scheduled and

Unscheduled (u) Property)

Case Name:

Case No.: 20-18841

TERAS BREAKBULK OCEAN NAVIGATION ENTERPRISES, LLC

Trustee Name:

Date Filed (f) or Converted (c): 08/18/2020 (f)

For the Period Ending: §341(a) Meeting Date: 

Claims Bar Date:

09/30/2022

Robert A. Angueira

09/16/2020

10/27/2020

 2

Asset Notes: Debtor removed prepayment to Portserve International Ltd. on Amended DE #18, was originally listed with a value of $20,000.

18 VOID $0.00 $0.00 $0.00 FA

Asset Notes: Debtor removed prepayment to Portserve International Ltd. on Amended DE #18, was originally listed with a value of $20,000.

19 VOID $0.00 $0.00 $0.00 FA

Asset Notes: Debtor removed prepayment to Portserve International Ltd. on Amended DE #18, was originally listed with a value of $12,500.

20 VOID $0.00 $0.00 $0.00 FA

Asset Notes: Debtor removed prepayment to Portserve International Ltd. on Amended DE #18, was originally listed with a value of $12,500.

21 VOID $0.00 $0.00 $0.00 FA

Asset Notes: Debtor removed prepayment to Portserve International Ltd. on Amended DE #18, was originally listed with a value of $17,500.

22 VOID $0.00 $0.00 $0.00 FA

Asset Notes: Debtor removed prepayment to Portserv International on Amended DE #18, was originally listed with a value of $17,500.

23 VOID $0.00 $0.00 $0.00 FA

Asset Notes: Debtor removed prepayment to Portserv International on Amended DE #18, was originally listed with a value of $17,500.

24 VOID $0.00 $0.00 $0.00 FA

Asset Notes: Debtor removed prepayment to Portserv International on Amended DE #18, was originally listed with a value of $17,500.

25 VOID $0.00 $0.00 $0.00 FA

Asset Notes: Debtor removed prepayment to Progesco Consignaciones S.L. on Amended DE #18, was originally listed with a value of $6,400.

26 VOID $0.00 $0.00 $0.00 FA

Asset Notes: Debtor removed prepayment to Rhenus Midgard GmbH & Co. on Amended DE #18, was originally listed with a value of $88,627.71.

27 VOID $0.00 $0.00 $0.00 FA

Asset Notes: Debtor removed prepayment to Versant Funding on Amended DE #18, was originally listed with a value of $75,000.

28 VOID $0.00 $0.00 $0.00 FA

Asset Notes: Debtor removed prepayment to Versant Funding on Amended DE #18, was originally listed with a value of $500,000.

29 VOID $0.00 $0.00 $0.00 FA

Asset Notes: Debtor removed prepayment to Versant Funding on Amended DE #18, was originally listed with a value of $200,000.

30 VOID $0.00 $0.00 $0.00 FA

Asset Notes: Debtor removed prepayment to Versant Funding on Amended DE #18, was originally listed with a value of $200,000.

31 VOID $480.76 $0.00 $0.00 FA

Asset Notes: Debtor removed prepayment to WSS Pasadena, TX on Amended DE #18, was originally listed with a value of $480.76.

32 Accounts receivable 11b. Over 90 days old:face Unknown $0.00 $0.00

amount 12,317.70 - doubtful or uncollectible 

accounts 12,317.70 = Unknown

FA

Case 20-18841-RAM Doc 90 Filed 10/25/22 Page 2 of 3
FORM 1

INDIVIDUAL ESTATE PROPERTY RECORD AND REPORT

ASSET CASES

Page No:

Asset Fully Administered (FA)/

Gross Value of Remaining Assets

6

Sales/Funds

Received by 

the Estate

4 5

Property

 Abandoned 

OA =§ 554(a) abandon.

Estimated Net Value

(Value Determined by

Trustee,

Less Liens, Exemptions,

and Other Costs)

3

 Petition/

Unscheduled

Value

1 2

Asset Description

(Scheduled and

Unscheduled (u) Property)

Case Name:

Case No.: 20-18841

TERAS BREAKBULK OCEAN NAVIGATION ENTERPRISES, LLC

Trustee Name:

Date Filed (f) or Converted (c): 08/18/2020 (f)

For the Period Ending: §341(a) Meeting Date: 

Claims Bar Date:

09/30/2022

Robert A. Angueira

09/16/2020

10/27/2020

 3

33 Accounts receivable 11b. Over 90 days old:face $0.00 $0.00 $0.00

amount 0.00 - doubtful or uncollectible accounts 

0.00 =0.00

FA

34 Accounts receivable 11b. Over 90 days old:face $0.00 $0.00 $0.00

amount 88,452.00 - doubtful or uncollectible 

accounts 88,452.00 =0.00

FA

35 Accounts receivable 11b. Over 90 days old:face $0.00 $0.00 $0.00

amount 3,294,193.15 - doubtful or uncollectible 

accounts 3,294,193.15 =0.00

FA

36 Accounts receivable 11b. Over 90 days old:face $0.00 $0.00 $0.00

amount 1,367,017.58 - doubtful or uncollectible 

accounts1,367,017.58 =0.00

FA

37 Potential fraudulent transfers to insiders and $50,000.00 $50,000.00 $0.00

related entities

(u) $50,000.00

Asset Notes: Per DE#113 & DE#135 in lead case 20-18843 Teras Cargo Transport (America) LLC

TOTALS (Excluding unknown value) Gross Value of Remaining Assets

$50,480.76 $50,000.00 $0.00 $50,000.00

Major Activities affecting case closing:

The Trustee sold Debtors’ assets to Zak Liquidation, LLC. After the Court granted the sale motion, a motion to reconsider the order approving the sale was filed and hearing for was 

9/29/22. Bench Ruling on Motion to Reconsider is now set for 10/18/22. (LT)

09/30/2022

06/30/2022 Trustee reviewing documents received. Trustee reviewed case status. (LT)

03/31/2022 The Trustee is reviewing documents received. Rule 2004 Examination of Weller has been set for 5/17/22. Trustee reviewed case status. (LT)

The Trustee is determining whether any of these assets are collectible or have value. Rule 2004 Examination of Timothy Lord has been set for January 2022. The Trustee has reviewed 

case status. (LT)

12/31/2021

The Trustee is determining whether any of these assets are collectible or have value. The Trustee is reviewing the documents received from the prior Trustee (over 40 boxes). In 

addition, the Trustee is in the process of determining whether to hire special counsel to investigate potential preference actions. (LT)

09/30/2021

04/30/2021 There is a Motion to Consolidate Case(s) 20-18843, 20-18846, 20-18847, 20-22485, 20-22486 into Lead Case 20-18841, hearing is set for 5/10/21. (LT)

12/31/2020 Trustee has hired counsel to investigate potential preferential transfers. (LT)

Initial Projected Date Of Final Report (TFR): 12/31/2022 Current Projected Date Of Final Report (TFR): 12/31/2024 /s/ ROBERT A. ANGUEIRA

ROBERT A. ANGUEIRA

Case 20-18841-RAM Doc 90 Filed 10/25/22 Page 3 of 3