UNITED STATES BANKRUPTCY COURT

SOUTHERN DISTRICT OF FLORIDA

Fort Lauderdale Division

www.flsb.uscourts.gov

In re:

 Case No. 20-19402-PDR

 SWBG, Inc., Chapter 11

 

 Debtor.

______________________/

FINAL REPORT AND MOTION FOR ENTRY OF FINAL DECREE

Debtor, SWBG, Inc. (the “Debtor”), by the through undersigned counsel, pursuant to 

Section 350(a) of the Bankruptcy Code, Federal Rules of Bankruptcy Procedure 3022, and Local 

Rule 3022-1, moves for the entry of a Final Decree closing this Chapter 11 Bankruptcy Case, and 

in support, states as follows:

1. The plan of liquidation in this case (the “Plan”) was confirmed on May 21, 2021 [ECF 

266]. The Plan provided that members of Class 4, being general unsecured claims against the 

Debtor, would be paid pro rata from a distribution of a total of $50,000.00, as listed in Exhibit B 

to the Disclosure Statement [ECF 265]. Said distributions have been completed.

2. There was no deposit required by the Plan, and all matters to be completed upon the 

Effective Date of the Plan have been fulfilled or completed.

3. There are no longer any pending adversary proceedings or contested matters which 

would affect the substantial consummation of this case.

4. All administrative claims and expenses have been paid in full, or appropriate 

arrangements have been made for the full payment thereof, unless a lesser amount to be paid was 

agreed to by the parties.

A summary of fees and expenses is as follows:

$ 39,850.00 Fee for Attorney for Liquidating Trustee - Post-Confirmation*

$ 652.98 U.S. Trustee (fees required by 28 U.S.C. §1930)

Case 20-19402-PDR Doc 323 Filed 10/18/21 Page 1 of 4
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$ 1,717.00 Clerk of Court (fees required by 28 U.S.C. §1930) - Paid

$ 37,500.00 Other Professionals – Liquidating Trustee and CPA - Post-Confirmation*

$ n/a All other expenses * These amounts do not include what was previously awarded to professionals pursuant to previously-filed 

and approved fee applications.

5. Attached as Exhibit A is a distribution report detailing the payments made under the

Plan on or after the Effective Date.

6. Attached as Exhibit B is a projected distribution report of remaining proceeds.

WHEREFORE, the undersigned respectfully requests that this court enter a final decree 

and close this fully administered case.

I CERTIFY that a copy of this report and attachments was served to the U.S. Trustee's 

office and all parties listed below via CM/ECF notice on October 18, 2021.

Wernick Law PLLC

Attorneys for the Liquidating Trustee

2255 Glades Road, Suite 324A

Boca Raton, Florida 33431

(561) 961-0922

/s/ Aaron A. Wernick 

Aaron A. Wernick, Esq.

Florida Bar No. 14059

E-mail: awernick@wernicklaw.com

SERVED VIA CM/ECF NOTICE ON October 18, 2021

• Paul J. Battista pbattista@gjb-law.com, gjbecf@gjb-law.com;chopkins@gjblaw.com;jzamora@gjb-law.com;gjbecf@ecf.courtdrive.com;vlambdin@gjb-law.com

• Adisley M Cortez Rodriguez Adisley.M.Cortez-Rodriguez@usdoj.gov

• Ronald M Emanuel ron.emanuel@emzwlaw.com,

martha.rivera@emzwlaw.com;eservice@emzwlaw.com;cindy.carhartt@emzwlaw.com

• Jay M Gamberg Vsantoro@gamberglaw.com, 

jaygamberg@gamberglaw.com;jaredgamberg@gamberglaw.com

• William E. Kelleher bill.kelleher@dentons.com, michelle.graeb@dentons.com

• Gerard M Kouri Jr. gmkouripaecf@gmail.com, gmkouri@bellsouth.net

• Philip J Landau plandau@slp.law, 

plandau@ecf.courtdrive.com;pdorsey@slp.law;dwoodall@slp.law;dlocascio@slp.law;epend

ergraft@slp.law;pmouton@slp.law;dlocascio@ecf.courtdrive.com

• Office of the US Trustee USTPRegion21.MM.ECF@usdoj.gov

Case 20-19402-PDR Doc 323 Filed 10/18/21 Page 2 of 4
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• Felipe Plechac-Diaz felipe.plechac-diaz@usdoj.gov, 

mabel.trujillo@usdoj.gov;shannon.patterson@usdoj.gov;milton.pacheco@usdoj.gov

• Chad P Pugatch cpugatch.ecf@rprslaw.com

• Jordan L Rappaport office@rorlawfirm.com, 1678370420@filings.docketbird.com

• C David Tangora tangoralaw@bellsouth.net, 

aarothman@att.net;tangoradr87837@notify.bestcase.com;bkcoutsourcellc@gmail.com

• Howard S Toland htoland@mitrani.com

EXHIBIT A

SWBG, Inc. CASE NO. 20-19402

The following payments have been, or will be, made pursuant to the Plan:

Creditor Class

No.

Amount of 

Allowed 

Claim

Total 

Dividend

First Dividend 

paid pursuant 

to plan

Administrative Claims:

Wernick Law, PLLC, Attorneys for 

Debtor (Post-Confirmation)

A $39,850.00 $39,850.00 $39,850.00

GGG Partners, LLC, Liquidating 

Trustee (Post-Confirmation)

A $23,500.00 $23,500.00 $23,500.00

Kapila Mukamal, CPA A $14,000.00 $14,000.00 $14,000.00

Total Administrative Claims: $77,350.00 $77,350.00 $77,350.00 

Secured Claims:

Newtek SB Finance, LLC 1 $60,814.92 $60,814.92 $60,814.92

General unsecured claims 4 $50,000.00 $50,000.00 $50,000.00

Case 20-19402-PDR Doc 323 Filed 10/18/21 Page 3 of 4
FUNDS AVAILABLE

BANK BALANCES:

TD Bank $ 128,590.48

IOTA Trust 34,130.11

Deposit in Transit 523.80

Less Amounts Due to Buyer (1,739.87) $ 161,504.52

DISTRIBUTIONS PENDING (Projected)

ADMINITRATIVE CLAIMS:

Outstanding Operating Disbursements $ (4,632.86)

U.S. Trustee Fees (0.4% x $163,244.39) (652.98)

Professional Fees:

Wernick Law, PLLC (BK Council) (est) (39,850.00)

GGG Partners, LLC (Liquidating Trustee) (est) (23,500.00)

KapilaMukamal CPA (Tax return prep) (est) (14,000.00)

SECURED CLAIMS:

Newtek SB Finance LLC (est.) (60,814.92)

GENERAL UNSECURED CLAIMS:

GUC Carveout Checks Outstanding ($50,000 issued) (18,053.76) $ (161,504.52)

$ 0.00

Exhibit "B"

SWBG, Inc. Case No. 20-19402-PDR

Distribution of Remaining Proceeds

Case 20-19402-PDR Doc 323 Filed 10/18/21 Page 4 of 4