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UNITED STATES BANKRUPTCY COURT 

SOUTHERN DISTRICT OF FLORIDA 

MIAMI DIVISION 

www.flsb.uscourts.gov

In re: Chapter 11 

AVENTURA HOTEL PROPERTIES, LLC, Case No. 21-12374-BKC-RAM 

TRIPTYCH MIAMI HOLDINGS, LLC, Case No. 21-12375-BKC-RAM 

 Debtors. (Jointly Administered Under 

____________________________________/ Case No. 21-12374-BKC-RAM) 

TRIPTYCH MIAMI HOLDINGS, LLC’S MONTHLY FINANCIAL REPORTS FOR 

THE PERIOD FROM MAY 1, 2021 THROUGH MAY 31, 2021

Triptych Miami Holdings, LLC (“TMH” or the “Debtor”) in the above-styled Chapter 11 

proceeding, files its Periodic Financial Reports in accordance with the Guidelines established by 

the United States Trustee and FRBP 2015. 

 Respectfully submitted this 22nd day of June, 2021. 

GENOVESE JOBLOVE & BATTISTA, P.A. 

 Attorneys for Debtors-in-Possession 

 100 Southeast Second Street, Suite 4400 

 Miami, Florida 33131 

 Telephone: (305) 349-2300 

 Facsimile: (305) 349-2310 

 By: /s/ Jesus M. Suarez 

 Jesus M. Suarez 

 Florida Bar No. 60086 

 JSUAREZ@GJB.LAW 

Case 21-12374-RAM Doc 82 Filed 06/22/21 Page 1 of 16
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SCHEDULE OF RECEIPTS AND DISBURSEMENTS 

FOR THE PERIOD BEGINNING May 1, 2021 AND ENDING May 31, 2021

Name of Debtor: Triptych Miami Holdings, LLC Case Number 21-12375-BKC-RAM 

Date of Petition: March 12, 2021 

 CURRENT CUMULATIVE 

 MONTH PETITION TO DATE 

 

1. FUNDS AT BEGINNING OF PERIOD $ 0.00 (a) $ 0.00 (b) 

2. RECEIPTS: 

 A. Cash Sales 

 Minus: Cash Refunds (-) 

 Net Cash Sales 

 B. Accounts Receivable 

C. Other Receipts (See MOR-3) 

 (If you receive rental income, 

 you must attach a rent roll.) 

3. TOTAL RECEIPTS (Lines 2A+2B+2C) 0.00 0.00 

4. TOTAL FUNDS AVAILABLE FOR 

 OPERATIONS (Line 1 + Line 3) $ 0.00 $ 0.00 

5. DISBURSEMENTS

 A. Advertising 

 B. Bank Charges 

 C. Contract Labor 

 D. Fixed Asset Payments (not incl. in “N”) 

 E. Insurance 

 F. Inventory Payments (See Attach. 2) 

 G. Leases 

 H. Manufacturing Supplies 

 I. Office Supplies 

 J. Payroll - Net (See Attachment 4B) 

 K. Professional Fees (Accounting & Legal) 

 L. Rent 

 M. Repairs & Maintenance 

 N. Secured Creditor Payments (See Attach. 2) 

 O. Taxes Paid - Payroll (See Attachment 4C) 

 P. Taxes Paid - Sales & Use (See Attachment 4C) 

 Q. Taxes Paid - Other (See Attachment 4C) 

 R. Telephone 

 S. Travel & Entertainment 

 Y. U.S. Trustee Quarterly Fees 

 U. Utilities 

 V. Vehicle Expenses 

 W. Other Operating Expenses (See MOR-3) 

6. TOTAL DISBURSEMENTS (Sum of 5A thru W) $0.00 $0.00 

7. ENDING BALANCE (Line 4 Minus Line 6) $0.00 (c) $0.00 (c) 

I declare under penalty of perjury that this statement and the accompanying documents and reports are true 

and correct to the best of my knowledge and belief. 

This 19th day of April, 2021. /s/ Francisco Arocha 

(a) This number is carried forward from last month’s report. For the first report only, this number will be the 

 balance as of the petition date. 

(b) This figure will not change from month to month. It is always the amount of funds on hand as of the date 

of the petition. 

(c) These two amounts will always be the same if form is completed correctly. 

Case 21-12374-RAM Doc 82 Filed 06/22/21 Page 2 of 16
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MONTHLY SCHEDULE OF RECEIPTS AND DISBURSEMENTS (cont’d) 

 

Detail of Other Receipts and Other Disbursements

OTHER RECEIPTS:

Describe Each Item of Other Receipt and List Amount of Receipt. Write totals on Page MOR-2, Line 2C. 

 Cumulative 

 Description Current Month Petition to Date 

 

 

 

 

 

 

 

TOTAL OTHER RECEIPTS ________________ _________________ 

“Other Receipts” includes Loans from Insiders and other sources (i.e. Officer/Owner, related parties 

directors, related corporations, etc.). Please describe below:

 Source 

 Loan Amount of Funds Purpose Repayment Schedule 

 ___________________ __________________ 

 

 

OTHER DISBURSEMENTS:

Describe Each Item of Other Disbursement and List Amount of Disbursement. Write totals on Page MOR-2, Line 

5W. 

 Cumulative 

 Description Current Month Petition to Date 

 

 

 

 

 

 

 

 

TOTAL OTHER DISBURSEMENTS ______________ ________________ 

 

NOTE: Attach a current Balance Sheet and Income (Profit & Loss) Statement. 

NO CHANGES FROM SCHEDULES.

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ATTACHMENT 1 

MONTHLY ACCOUNTS RECEIVABLE RECONCILIATION AND AGING 

Name of Debtor: Triptych Miami Holdings, LLC Case Number 21-12375-BKC-RAM 

Reporting Period beginning May 1, 2021 Period ending May 31, 2021 

ACCOUNTS RECEIVABLE AT PETITION DATE: N/A 

ACCOUNTS RECEIVABLE RECONCILIATION 

(Include all accounts receivable, pre-petition and post-petition, including charge card sales which have 

not been received): 

 Beginning of Month Balance $ N/A (a) 

 PLUS: Current Month New Billings 

 MINUS: Collection During the Month $ 0 (b) 

 PLUS/MINUS: Adjustments or Writeoffs $ N/A * 

 End of Month Balance $ $N/A _ (c) 

 

*For any adjustments or Write-offs provide explanation and supporting documentation, if applicable: 

 

 

POST PETITION ACCOUNTS RECEIVABLE AGING

(Show the total for each aging category for all accounts receivable) 

 0-30 Days 31-60 Days 61-90 Days Over 90Days Total

 

 $ N/A $ N/A $ N/A $ N/A $ (c) 

For any receivables in the “Over 90 Days” category, please provide the following: 

 Receivable 

 Customer Date Status (Collection efforts taken, estimate of collectibility, 

 write-off, disputed account, etc.) 

 

 

 

 

(a) This number is carried forward from last month’s report. For the first report only, this number will be the 

balance as of the petition date. 

(b) This must equal the number reported in the “Current Month” column of Schedule of Receipts and 

Disbursements (Page MOR-2, Line 2B). 

(c) These two amounts must equal. 

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ATTACHMENT 2 

MONTHLY ACCOUNTS PAYABLE AND SECURED PAYMENTS REPORT 

Name of Debtor: Triptych Miami Holdings, LLC Case Number 21-12375-BKC-RAM 

Reporting Period beginning May 1, 2021 Period ending May 31, 2021 

In the space below list all invoices or bills incurred and not paid since the filing of the petition. Do not include 

amounts owed prior to filing the petition. In the alternative, a computer generated list of payables may be attached 

provided all information requested below is included. 

POST-PETITION ACCOUNTS PAYABLE

 Date Days 

 Incurred Outstanding Vendor Description Amount 

 N/A N/A N/A_ 

 

 

 

 

 

 

 

 

TOTAL AMOUNT (b)

☐ Check here if pre-petition debts have been paid. Attach an explanation and copies of supporting 

 documentation. 

 

ACCOUNTS PAYABLE RECONCILIATION (Post Petition Unsecured Debt Only) 

Opening Balance $ See Schedules (a) 

 PLUS: New Indebtedness Incurred This Month $ 

 MINUS: Amount Paid on Post Petition, 

 Accounts Payable This Month $ 

 PLUS/MINUS: Adjustments $ * 

Ending Month Balance $ No Change (c) 

*For any adjustments provide explanation and supporting documentation, if applicable. 

 

SECURED PAYMENTS REPORT 

List the status of Payments to Secured Creditors and Lessors (Post Petition Only). If you have entered into a 

modification agreement with a secured creditor/lessor, consult with your attorney and the United States Trustee 

Program prior to completing this section). 

 Number Total 

 Date of Post Amount of 

Secured Payment Amount Petition Post Petition 

Creditor/ Due This Paid This Payments Payments 

Lessor Month Month Delinquent Delinquent 

 None 

______________________ __ ___________ ___________ 

 

 

 

TOTAL $ (d) 

(a)This number is carried forward from last month’s report. For the first report only, this number will be zero. 

(b, c)The total of line (b) must equal line (c). 

(d)This number is reported in the “Current Month” column of Schedule of Receipts and Disbursements (Page MOR-2, Line 5N). 

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ATTACHMENT 3 

INVENTORY AND FIXED ASSETS REPORT

Name of Debtor: Triptych Miami Holdings, LLC Case Number 21-12375-BKC-RAM 

Reporting Period beginning May 1, 2021 Period ending May 31, 2021 

INVENTORY REPORT 

INVENTORY BALANCE AT PETITION DATE: $ N/A 

INVENTORY RECONCILIATION: 

 Inventory Balance at Beginning of Month $ (a) 

 PLUS: Inventory Purchased During Month $ 

 MINUS: Inventory Used or Sold $ 

 PLUS/MINUS: Adjustments or Write-downs $ * 

 Inventory on Hand at End of Month $ 

METHOD OF COSTING INVENTORY: N/A 

*For any adjustments or write-downs provide explanation and supporting documentation, if applicable. 

INVENTORY AGING 

 Less than 6 6 months to Greater than Considered 

 months old 2 years old 2 years old Obsolete Total Inventory 

 % % % % = 100%* 

* Aging Percentages must equal 100%. 

☐ Check here if inventory contains perishable items. 

Description of Obsolete Inventory: 

 

FIXED ASSET REPORT

FIXED ASSETS FAIR MARKET VALUE AT PETITION DATE: N/A (b) 

(Includes Property, Plant and Equipment) 

BRIEF DESCRIPTION (First Report Only): 

 

 

FIXED ASSETS RECONCILIATION: 

Fixed Asset Book Value at Beginning of Month $ (a)(b) 

 MINUS: Depreciation Expense $ 

 PLUS: New Purchases $ 

 PLUS/MINUS: Adjustments or Write-downs $ * 

Ending Monthly Balance $ 

*For any adjustments or write-downs, provide explanation and supporting documentation, if applicable. 

BRIEF DESCRIPTION OF FIXED ASSETS PURCHASED OR DISPOSED OF DURING THE REPORTING 

PERIOD: N/A 

(a)This number is carried forward from last month’s report. For the first report only, this number will be the 

 balance as of the petition date. 

(b)Fair Market Value is the amount at which fixed assets could be sold under current economic conditions. 

 Book Value is the cost of the fixed assets minus accumulated depreciation and other adjustments. 

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ATTACHMENT 4A 

MONTHLY SUMMARY OF BANK ACTIVITY - OPERATING ACCOUNT 

Name of Debtor: Triptych Miami Holdings, LLC Case Number 21-12375-BKC-RAM 

Reporting Period beginning May 1, 2021 Period ending May 31, 2021 

Attach a copy of current month bank statement and bank reconciliation to this Summary of Bank Activity. A 

standard bank reconciliation form can be found at http://www.usdoj.gov/ust/r21/reg_info.htm. If bank accounts 

other than the three required by the United States Trustee Program are necessary, permission must be obtained from 

the United States Trustee prior to opening the accounts. Additionally, use of less than the three required bank 

accounts must be approved by the United States Trustee. 

NAME OF BANK: NONE BRANCH: 

 

ACCOUNT NAME: None ACCOUNT NUMBER: NONE 

PURPOSE OF ACCOUNT NONE 

 Ending Balance per Bank Statement $ N/A 

 Plus Total Amount of Outstanding Deposits $ N/A 

 Minus Total Amount of Outstanding Checks and other debits $ N/A * 

 Minus Service Charges $ N/A 

 Ending Balance per Check Register $ N/A **(a) 

*Debit cards are used by None 

**If Closing Balance is negative, provide explanation: 

 

The following disbursements were paid in Cash (do not includes items reported as Petty Cash on Attachment 

4D: ( ☐ Check here if cash disbursements were authorized by United States Trustee) 

 Date Amount Payee Purpose Reason for Cash Disbursement

 None 

 

 

 

 

TRANSFERS BETWEEN DEBTOR IN POSSESSION ACCOUNTS

 “Total Amount of Outstanding Checks and other debits”, listed above, includes: 

 $___N/A _________Transferred to Payroll Account 

 $___N/A_________Transferred to Tax Account 

None 

(a) The total of this line on Attachment 4A, 4B and 4C plus the total of 4D must equal the amount reported as 

 “Ending Balance” on Schedule of Receipts and Disbursements (Page MOR-2, Line 7). 

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ATTACHMENT 5A 

CHECK REGISTER - OPERATING ACCOUNT 

Name of Debtor: Triptych Miami Holdings, LLC Case Number 21-12375-BKC-RAM 

Reporting Period beginning May 1, 2021 Period ending May 31, 2021 

NAME OF BANK: NONE BRANCH: 

ACCOUNT NAME: None 

ACCOUNT NUMBER: None 

PURPOSE OF ACCOUNT: OPERATING 

Account for all disbursements, including voids, lost checks, stop payments, etc. In the 

alternative, a computer generated check register can be attached to this report, provided all the 

information requested below is included. 

 CHECK 

DATE NUMBER PAYEE PURPOSE AMOUNT

 n/a 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL $ 

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ATTACHMENT 4B 

MONTHLY SUMMARY OF BANK ACTIVITY - PAYROLL ACCOUNT 

Name of Debtor: Triptych Miami Holdings, LLC Case Number 21-12375-BKC-RAM 

Reporting Period beginning May 1, 2021 Period ending May 31, 2021 

Attach a copy of current month bank statement and bank reconciliation to this Summary of Bank Activity. 

A standard bank reconciliation form can be found at http://www.usdoj.gov/ust/r21/reg_info.htm. 

NAME OF BANK: N/A BRANCH: 

ACCOUNT NAME: ACCOUNT NUMBER: 

PURPOSE OF ACCOUNT: PAYROLL 

 Ending Balance per Bank Statement $ 

 Plus Total Amount of Outstanding Deposits $ 

 Minus Total Amount of Outstanding Checks and other debits $ * 

 Minus Service Charges $ 

 Ending Balance per Check Register $ **(a) 

*Debit cards must not be issued on this account.

**If Closing Balance is negative, provide explanation: 

The following disbursements were paid by Cash: ( ☐ Check here if cash disbursements were authorized 

by United States Trustee) 

Date Amount Payee Purpose Reason for Cash Disbursement 

 

 

 

The following non-payroll disbursements were made from this account: 

Date Amount Payee Purpose Reason for disbursement from this 

 account 

 

_____ 

_____ 

_____ 

(a)The total of this line on Attachment 4A, 4B and 4C plus the total of 4D must equal the amount reported as 

 “Ending Balance” on Schedule of Receipts and Disbursements (Page MOR-2, Line 7). 

 

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ATTACHMENT 5B 

CHECK REGISTER - PAYROLL ACCOUNT 

Name of Debtor: Triptych Miami Holdings, LLC Case Number 21-12375-BKC-RAM 

Reporting Period beginning May 1, 2021 Period ending May 31, 2021 

NAME OF BANK: BRANCH: 

ACCOUNT NAME: N/A 

ACCOUNT NUMBER: 

PURPOSE OF ACCOUNT: PAYROLL 

Account for all disbursements, including voids, lost payments, stop payment, etc. In the 

alternative, a computer generated check register can be attached to this report, provided all the 

information requested below is included. 

 CHECK 

DATE NUMBER PAYEE PURPOSE AMOUNT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL $ 

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ATTACHMENT 4C 

MONTHLY SUMMARY OF BANK ACTIVITY - TAX ACCOUNT 

Name of Debtor: Triptych Miami Holdings, LLC Case Number 21-12375-BKC-RAM 

Reporting Period beginning May 1, 2021 Period ending May 31, 2021 

Attach a copy of current month bank statement and bank reconciliation to this Summary of Bank Activity. A 

standard bank reconciliation form can be found on the United States Trustee website, 

http://www.usdoj.gov/ust/r21/index.htm. 

NAME OF BANK: N/A BRANCH: 

ACCOUNT NAME: ACCOUNT NUMBER: 

PURPOSE OF ACCOUNT: TAX 

 Ending Balance per Bank Statement $ 

 Plus Total Amount of Outstanding Deposits $ 

 Minus Total Amount of Oustanding Checks and other debits $ * 

 Minus Service Charges $ 

 Ending Balance per Check Register $ **(a) 

 

*Debit cards must not be issued on this account.

**If Closing Balance is negative, provide explanation: 

 

The following disbursements were paid by Cash: ( ☐ Check here if cash disbursements were authorized by 

 United States Trustee) 

Date Amount Payee Purpose Reason for Cash Disbursement 

 

 

 

 

The following non-tax disbursements were made from this account: 

Date Amount Payee Purpose Reason for disbursement from this account 

 

 

(a)The total of this line on Attachment 4A, 4B and 4C plus the total of 4D must equal the amount reported as 

 “Ending Balance” on Schedule of Receipts and Disbursements (Page MOR-2, Line 7). 

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ATTACHMENT 5C 

CHECK REGISTER - TAX ACCOUNT 

Name of Debtor: Triptych Miami Holdings, LLC Case Number 21-12375-BKC-RAM 

Reporting Period beginning May 1, 2021 Period ending May 31, 2021 

NAME OF BANK: N/A BRANCH: 

ACCOUNT NAME: ACCOUNT # 

PURPOSE OF ACCOUNT: TAX 

Account for all disbursements, including voids, lost checks, stop payments, etc. In the 

alternative, a computer-generated check register can be attached to this report, provided all the 

information requested below is included. 

http://www.usdoj.gov/ust/

 CHECK 

DATE NUMBER PAYEE PURPOSE AMOUNT 

 

 

 

 

 

 

 

 

 

TOTAL (d) 

SUMMARY OF TAXES PAID 

Payroll Taxes Paid (a) 

Sales & Use Taxes Paid (b) 

Other Taxes Paid (c) 

TOTAL _________ (d) 

 

(a) This number is reported in the “Current Month” column of Schedule of Receipts and Disbursements 

 (Page MOR-2, Line 5O). 

(b) This number is reported in the “Current Month” column of Schedule or Receipts and Disbursements 

 (Page MOR-2, Line 5P). 

(c) This number is reported in the “Current Month” column of Schedule of Receipts and Disbursements 

 (Page MOR-2, Line 5Q). 

(d) These two lines must be equal. 

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ATTACHMENT 4D

INVESTMENT ACCOUNTS AND PETTY CASH REPORT

 INVESTMENT ACCOUNTS 

Each savings and investment account, i.e. certificates of deposits, money market accounts, stocks 

and bonds, etc., should be listed separately. Attach copies of account statements. 

Type of Negotiable 

 Current 

Instrument Face Value Purchase Price Date of Purchase Market Value 

 N/A 

 

 

 

 

 

TOTAL (a)

PETTY CASH REPORT

The following Petty Cash Drawers/Accounts are maintained: 

 (Column 2) (Column 3) (Column 4)

 Maximum Amount of Petty Difference between 

Location of Amount of Cash Cash On Hand (Column 2) and 

Box/Account in Drawer/Acct. At End of Month (Column 3) 

 N/A 

 

 

TOTAL $ (b)

For any Petty Cash Disbursements over $100 per transaction, attach copies of receipts. If 

there are no receipts, provide an explanation 

 

 

 

TOTAL INVESTMENT ACCOUNTS AND PETTY CASH(a + b) $ N/A 

(c) 

(c)The total of this line on Attachment 4A, 4B and 4C plus the total of 4D must equal the 

 amount reported as “Ending Balance” on Schedule of Receipts and Disbursements (Page 

 MOR-2, Line 7).

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ATTACHMENT 6 

MONTHLY TAX REPORT 

Name of Debtor: Triptych Miami Holdings, LLC Case Number 21-12375-BKC-RAM 

Reporting Period beginning May 1, 2021 Period ending May 31, 2021 

TAXES OWED AND DUE 

Report all unpaid post-petition taxes including Federal and State withholding FICA, State sales 

tax, property tax, unemployment tax, State workmen's compensation, etc. 

Name of Date Date Last 

Taxing Payment Tax Return Tax Return 

Authority Due Description Amount Filed Period 

 NONE 

_______________ _______ ________ _________ ____ ___ 

 

 

 

 

 

 

TOTAL $ 

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ATTACHMENT 7 

SUMMARY OF OFFICER OR OWNER COMPENSATION 

SUMMARY OF PERSONNEL AND INSURANCE COVERAGES 

Name of Debtor: Triptych Miami Holdings, LLC Case Number 21-12375-BKC-RAM 

Reporting Period beginning May 1, 2021 Period ending May 31, 2021 

Report all forms of compensation received by or paid on behalf of the Officer or Owner during the month. Include 

car allowances, payments to retirement plans, loan repayments, payments of Officer/Owner’s personal expenses, 

insurance premium payments, etc. Do not include reimbursement for business expenses Officer or Owner incurred 

and for which detailed receipts are maintained in the accounting records. 

 Payment 

Name of Officer or Owner Title Description Amount Paid 

 N/A 

 

 

 

 

 

PERSONNEL REPORT

 Full Time Part Time 

Number of employees at beginning of period __N/A ___ __N/A___ 

Number hired during the period 

Number terminated or resigned during period 

Number of employees on payroll at end of period 

 

CONFIRMATION OF INSURANCE 

List all policies of insurance in effect, including but not limited to workers' compensation, liability, fire, theft, 

comprehensive, vehicle, health and life. For the first report, attach a copy of the declaration sheet for each type of 

insurance. For subsequent reports, attach a certificate of insurance for any policy in which a change occurs during 

the month (new carrier, increased policy limits, renewal, etc.). 

Agent Date 

and/or Phone Policy Coverage Expiration Premium 

Carrier Number Number Type Date Due 

 

 

 

 __________ 

The following lapse in insurance coverage occurred this month: 

Policy Date Date 

Type Lapsed Reinstated Reason for Lapse 

 N/A 

 

X Check here if U. S. Trustee has been listed as Certificate Holder for all insurance policies.

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ATTACHMENT 8 

SIGNIFICANT DEVELOPMENTS DURING REPORTING PERIOD 

Information to be provided on this page, includes, but is not limited to: (1) financial transactions that are not 

reported on this report, such as the sale of real estate (attach closing statement); (2) non-financial transactions, such 

as the substitution of assets or collateral; (3) modifications to loan agreements; (4) change in senior management, 

etc. Attach any relevant documents. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Case 21-12374-RAM Doc 82 Filed 06/22/21 Page 16 of 16