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UNITED STATES BANKRUPTCY COURT

SOUTHERN DISTRICT OF FLORIDA

www.flsb.uscourts.gov

 In re: Case No. 21-19586-LMI

Chapter 11

KING TYSON, INC., 

Debtor-in-Possession.

___________________________________________/

CHAPTER 11 CASE MANAGEMENT SUMMARY

In compliance with Local Rule 2081-1(B), the Debtor-in-Possession [Trustee],

 KING TYSON, INC., files this Chapter 11 Case Management Summary and states:

The following data represents approximations for background information only and the

informationmayrepresent the Debtor's [Trustee’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): 10/1/2021. 

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

Kingland Realty Corp, Inc., Filed on 6/6/2021.

3. Description of debtor's business: Tropicana Bar located at 1057 NW 79 Street,

Miami, FL 33150-3158. 

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

or owned: Owned by Kingland Realty Corp, Inc.

5. Reasons for filing chapter 11: Kingland Realty Corp, Inc., owns the commercial

building located at 1057 NW 79 Street, Miami, Florida 33150. A liquor bar called the

Tropicana Bar is operated in this commercial building under King Tyson, Inc.

Someitimes around 2017, an incident took place in which shots were fired and it seems 1

people died in that incident. The building or the Bar did not have insurance to cover for

this contingency. King Tyson, Inc. pays for all the expenses of the commercial building.

The Plaintiffs filed a wrongful death lawsuit in Miami-Dade Circuit Court

against various Defendants. All defendants are related to each other. The individual

defendants are practically judgment proof. That lawsuit is still pending, however, the

Debtors [Kingland Realty Corp, Inc. and King Tyson, Inc.] do not have the financial

means to defend the state court lawsuit anymore. 

Case 21-19586-LMI Doc 13 Filed 10/11/21 Page 1 of 5
If Plaintiffs prevail in their wrongful death lawsuit, they would be entitled to the

real estate or the value of the real estate and disposable income, if available, from the bar

operations. Debtor desires to pay the value of the real estate to the Plaintiff either

through a refinancing or payments over time. If payments are to be made over time,

Debtor will use the real estate as security to guarantee the monthly payments. Covid has

significantly hurt the Debtor's bar business. The proposed Plan of Reorganization by

debtor Kingland Realty Corp, Inc., cannot be confirmed because it does not have any

revenues, and therefore it has become necessary to file King Tyson, Inc., in a Chapter 11

bankruptcy. Eventually both these cases will be consolidated.

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: 

Reatte Joyce King, Secretary/Owner Salary: None

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

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

2018: Gross Revenues $150,000.00 [estimate]

2019: Gross Revenues $150,000.00 [estimate]

2020: Gross Revenues $20,000.00 [estimate], Bar was closed most of the year due

to Covid and restrictions imposed by Miami-Dade County.

8. Amounts owed to various creditors:

a. Obligations owed to priority creditors including priority tax

obligations:

None known at this time

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, and

1. LPC Fund LLC $117,000 for liquor license.

c. Amount of unsecured claims: Unknown at this time.

 

9. General description and approximate value of the debtor's assets:

A. Liquor License $200,000

B. Tables, chairs, glassware, etc. $2,500

C. Liquor and other inventory [estimated] $15,000

Case 21-19586-LMI Doc 13 Filed 10/11/21 Page 2 of 5
D. Bank account (details to be provided)

Total Assets: $217,500.00

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

insurer, the policynumber, amount of coverage, whetherthe premium is current,the

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

Liability Insurance with Founders Insurance; Nautilus Insurance; Scottsdale

Insurance.

11. Number of employees and amounts of wages owed as of petition date: 

Number of Employees: 2. Wages Owed $0.00.

12. Status of debtor's payroll and sales tax obligations, if applicable. 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 byLocal

Rule 2081-1(A): Unknown at this time.

13. Anticipated emergency relief to be requested within 14 days from the petition

date: None at this time.

Note: Debtor reserves the right to supplement this summary when additional

information becomes available. This has been filed with known information as of today.

Respectfully submitted on this 11th day of October, 2021.

/s/ Reatte Joyce King

Debtor in Possession

CERTIFICATE OF SERVICE

I HEREBY CERTIFY that a true and correct copy of the above Chapter 11 Case

Management Summary was served on this 11th day of October, 2021, on all parties registered

on the ECF system via ECF only, and all others on the attached list via U.S. Mail: 

D&S LAW GROUP, P.A.

8751 W. Broward Blvd

Suite 301

Plantation, Florida 33324

(954) 358-5911 (Telephone)

(954) 357-2267 (Facsimile)

www.DsouzaLegal.com

Email: Elias@DsouzaLegal.com

 

 By: /s/ Elias Leonard Dsouza 

Elias Leonard Dsouza, Esq.

Florida Bar No. 399477

Case 21-19586-LMI Doc 13 Filed 10/11/21 Page 3 of 5
 Label Matrix for local noticing King Tyson, Inc. LPC Fund, LLC. 

 113C-1 2020 Wilmington St c/o Samuel A Rubert, P.A. 

 Case 21-19586-LMI Opa Locka, FL 33054-3764 2645 Executive Park Dr # 123-A 

 Southern District of Florida Weston, FL 33331-3624 

 Miami 

 Mon Oct 4 09:09:15 EDT 2021 

 Marta Soto Perez Office of the US Trustee Elias Leonard Dsouza 

 c/o Rousso Boumel Law Firm 51 S.W. 1st Ave. 8751 W. Broward Blvd # 301 

 9350 S Dixie Hwy Ste 1520 Suite 1204 Plantation, FL 33324-2632 

 Miami, FL 33156-2944 Miami, FL 33130-1614 

 

 The following recipients may be/have been bypassed for notice due to an undeliverable (u) or duplicate (d) address. 

 (u)Miami End of Label Matrix 

 Mailable recipients 5 

 Bypassed recipients 1 

 Total 6 

Case 21-19586-LMI Doc 13 Filed 10/11/21 Page 4 of 5
 Label Matrix for local noticing Kingland Realty Corp, Inc. AT&T Corp. 

 113C-1 2020 Wilmington St %AT&T Services, Inc. 

 Case 21-15563-LMI Opa Locka, FL 33054-3764 Karen A Cavagnaro - Lead Paralegal 

 Southern District of Florida One AT&T Way, Room 3A104 

 Miami Bedminster, NJ 07921-2693 

 Mon Aug 16 08:20:31 EDT 2021 

 BellSouth Telecommunications, Inc. Darren Internal Revenue Service 

 %AT&T Services, Inc. 9350 S. Dixie Hwy PO Box 7346 

 Karen A Cavagnaro - Lead Paralegal Suite 1520 Philadelphia, PA 19101-7346 

 One AT&T Way, Room 3A104 Miami, FL 33156-2944 

 Bedminster, NJ 07921-2693 

 

 Marta S Perez & Miriam Tapari PR of Est of J Marta Soto Perez Miami-Dade County Tax Collector 

 9350 S. Dixie Hwy c/o Rousso Boumel Law Firm 111 NW 1st St # 1750 

 Suite 1520 9350 S Dixie Hwy Ste 1520 Miami, FL 33128-1905 

 Miami, FL 33156-2944 Miami, FL 33156-2944 

 Office of the US Trustee Southwestern Bell Telephone Company T Mobile/T-Mobile USA Inc 

 51 S.W. 1st Ave. %AT&T Services, Inc. by American InfoSource as agent 

 Suite 1204 Karen A Cavagnaro - Lead Paralegal PO Box 248848 

 Miami, FL 33130-1614 One AT&T Way, Room 3A104 Oklahoma City, OK 73124-8848 

 Bedminster, NJ 07921-2693 

 

 Elias Leonard Dsouza Linda Marie Leali 

 8751 W. Broward Blvd # 301 2525 Ponce De Leon Blvd., Suite 300 

 Plantation, FL 33324-2632 Coral Gables, FL 33134-6044 

 The following recipients may be/have been bypassed for notice due to an undeliverable (u) or duplicate (d) address. 

 (u)LPC Fund LLC (u)Miami (u)LPC Fund, LLC. 

 **DELETED PER DE #25** 

 End of Label Matrix 

 Mailable recipients 13 

 Bypassed recipients 3 

 Total 16 

Case 21-19586-LMI Doc 13 Filed 10/11/21 Page 5 of 5