In re: 

UNITED STATES BANKRUPTCY COURT 

SOUTHERN DISTRICT OF FLORIDA 

Miami Division 

www .flsb.uscourts.gov 

AIRSEATRANS LLC, Case No.: 21-17747-RAM 

Chapter 11 

Debtor. 

I ------------- CH APTER 11 CASE MANAGEMENT SUMMARY 

In compliance with Local Rule 2081-l(B), the Debtor-in-Possession, AIRSEATRANS 

LLC, files this Chapter 11 Case Management Summary and states: 

The following data represents approximations for background information only and the 

information may represent the Debtor's best estimate in response to some of the ensuing questions. 

1. Date of Order for Relief under Chapter 11 (filing date of petition if voluntary chapter 

11 petition): 

August 9, 2021 

2. Names, case numbers and dates of filing ofrelated debtors: 

None 

3. Description of debtor's business: 

The Debtor is a freight forwarder in the flower industry 

4. Locations of debtor's operations and whether the business premises are leased or 

owned: 

Doral, Florida Leased premises: 1665 NW 102 Ave, Suite 108, Doral, FL 

33172 

5. Reasons for filing Chapter 11 : 

The economic climate, most prominently COVID 19, excess overhead, debt structure 

and internal management issues. The Debtor qualified for two PPP loans in the amount of 

Case 21-17747-RAM Doc 11 Filed 08/10/21 Page 1 of 4
$84,517 each and an SBA disaster recovery loan in the amount of$ 150,000. 

6. List of officers and directors, if applicable, and their salaries and benefits at the time 

of filing and during the 1 year prior to filing: 

Luis Eduardo Pineres, Jr.- CEO, President, Director- current salary $7,000 per 

month and salary paid in 1 year prior to filing was $49,000 due to financial 

circumstances was 

Victor Patricio Amores Ordonez- Director- salary $7,000 per month; resigned 

July 29, 2021. Paid 54,083 in year prior to bankruptcy filing. 

7. Debtor's fiscal year to date gross income and the debtor's gross income for the 

calendar or fiscal year prior to the filing of this petition: 

2021 $2,545,000 

2020 $3,130,221 

2019 $2,114,802 

8. Amounts owed to various creditors: 

a. Obligations owed to priority creditors including priority tax obligations: 

IRS- $190,000 (includes penalties and interest) 

b. With respect to creditors holding secured claims, the name of and amounts 

owed to such creditors and a description and estimated value of all collateral of 

the debtor securing their claims, 

First Citizens Bank & Trust Company 

Forward Financial, LLC 

Fox Capital Group, Inc. 

Newco Capital Group VI LLC 

QFS Capital 

QFS Capital 

U.S. Small Business Administration 

Wells Fargo Bank, NA 

( Under Secured) $340,000.00 

(Under Secured) $ 60,000.00 

(Under Secured) $135,000.00 

(Under Secured) $ 49,248.20 

(Under Secured) $150,000.00 

(Under Secured)$ 14,000.00 

(Under Secured) $150,000.00 

(Under Secured)$ 41,373.29 

c. Amount of unsecured claims: $ l,377,049.22(not inclusive of under secured 

claims but includes the two PPP loans) 

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Case 21-17747-RAM Doc 11 Filed 08/10/21 Page 2 of 4
9. General description and approximate value of the debtor's assets: 

The Debtors assets consist of equipment/furniture/computers valued at 

approximately $5,000.00, cooler $0; 

Accounts Receivable of approximate value of $120,000; 

Cash in bank account at time of filing of $14.00. 

10. List of all insurance policies, the property covered under the policy, the name of 

the insurer, the policy number, amount of coverage, whether the premium is current, the 

date the next premium is due and date the policy expires: 

Commercial General Liability Hallmark Specialty Insurance Company-$1,000,000 

per incident, $2,000,000 aggregate, $100,000 damage to rental property,premium 

currentl/15/20-10/15/21 

Workers Compensation-CCMSI $1,000,000 each accident, $1,000,000 Disease, 

$1,000,000(policy limit) 

11. Number of employees and amounts of wages owed as of petition date: (5) Wages 

are current ( except for July 22-29 for Victor Patricio Amores Ordonez) 

Status of debtor's payroll and sales tax obligations, if applicable. Current aside from 

past IRS debt for payroll taxes in the approximate amount of $190,000 . This does 

not eliminate the obligation of chapter 11 debtors ( other than individuals not 

engaged in business) to provide the more detailed payroll tax information required 

by Local Rule 2081-l(A): 

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Case 21-17747-RAM Doc 11 Filed 08/10/21 Page 3 of 4
12. Anticipated emergency relief to be requested within 14 days from t 

1. Emergency Motion to Utilize Cash Collateral 

2. Emergency Application to Retain Gamberg & Abrams a 

3. 

Signature 

4 Luis Eduardo Pinerese:'.OWNER ~ ?1L___ \6 - :;;7 

Sigdli:ture/Thomas L. Abrams, Esq. 

Thomas L. Abrams, Esq. 

633 S. Andrews Ave., #500 

Plantation, FL 33301 

Name and Address of Debtor's Attorney 

764329 

Florida Bar No. 

Attach or file separately a Local Rule 2002-1 (F) certificate of service reflecting manner and date 

of service on all affected parties. 

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