DeMarco•Mitchell, PLLC

Robert T. DeMarco

Michael S. Mitchell

12770 Coit Road, Suite 850

Dallas, TX 75251

T 972-991-5591

F 972-346-6791

IN THE UNITED STATES BANKRUPTCY COURT

NORTHERN DISTRICT OF TEXAS

FORT WORTH DIVISION

IN RE:

Little Rock Urban Air, LLC

82-4410247

P.O. Box 101734

Fort Worth, TX 76185

Debtor.

Case No.: 24-40610-MXM-11

Chapter: 11

DEBTORS’ SUBCHAPTER V STATUS REPORT

[11 U.S.C. § 1181(c)]

TO THE HONORABLE UNITED STATES BANKRUPTCY COURT:

 COMES NOW Little Rock Urban Air, LLC, debtor and debtor in possession in the abovestyled and numbered cases (“Debtor”) and would respectfully show the Court as follows:

I. BACKGROUND

1. This case was commenced by the filing of a voluntary petition under Chapter 11

of the United States Bankruptcy Code on February 22, 2024 (the “Petition Date”) as a small 

business cases as that phrase is defined in 11 U.S.C. § 101(51C). 

2. The First Meeting of Creditors is scheduled for March 29, 2024.

3. Katharine B. Clark isthe duly appointed SubChapter V Trustee in these bankruptcy 

cases pursuant to 11 U.S.C. § 1183 (“SubV Trustee”).

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Debtors’ Subchapter V Status Report Page 2

II. DEADLINES

4. Sections 1181-1195 of Title 11 of the United States Code (“SBRA”) is intended to 

“streamline the process by which small business debtors reorganize and rehabilitate their 

financial affairs.” Report of Committee on the Judiciary, House of Representatives, Report 116-

171, 116th Cong., 1st Sess., on Small Business Reorganization Act of 2019, page 1. As such, there 

are certain deadlines that must be achieved, which deadlines may be extended only if “the need 

for an extension is attributable to circumstances for which the debtor should not justly be held 

accountable.” See e.g. 11 U.S.C. §§ 1188(b) (court status conference within 60 days of the 

petition date), 1188(c) (debtor shall file and serve a report on efforts undertaken to obtain a 

consensual plan 14 days prior to the § 1188(b) status conference), and 1189(b) (debtor shall file 

a plan within 90 days of the petition date). 

5. The Court, in accord with the foregoing, filed Scheduling Order and Notice of 

Status Conference thereby establishing the deadline for filing and serving this Report [Docket 

Entry No. 15].

6. The Section 1188 and 1189 dates and deadlines are as follows:

Status Conference: April 11, 2024

Debtor’s Report: March 28, 2024

Plan filing deadline: May 22, 2024

7. The deadlines for filing proofs of claim remain unaltered and are as follows:

Deadline for non-governmental entities: May 2, 2024

Deadline for governmental entities: August 20, 2024

III. OPERATIONS

8. Debtor is a Texas corporation, established in February 13, 2018, which currently 

operates from Little Rock, Arkansas.

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Debtors’ Subchapter V Status Report Page 3

9. Debtor is an Urban Air Adventure Park franchisee through which it offers endless 

fun for kids of all ages. Though attractions the Debtor provides a safe and fun environment where 

kids can be active, connect socially, and feel special. 

10. The Debtor operates under a franchise agreement by and between itself and UATP 

Management, LLC (“Franchisor”). It is critical to the success of this chapter 11 case that the 

franchise agreement remain in place.

IV. OFFER TO ACHIEVE CONSNESUAL PLAN OF REORGANIZATION

11. One of the objectives of SBRA is to facilitate a consensual plan of reorganization 

by and between the debtor and her creditors. This Report is filed and served upon all interested 

parties in an effort to achieve that goal.

V. PLAN PROPOSAL

12. The following is the Debtor’s initial plan proposal for its creditors and is subject to 

Federal Rule of Evidence 408.

Summary of Proposed Plan Treatment

Unclassified Administrative Expense Claims:

Type Estimated Amount Treatment

Professional Fees of 

DeMarco Mitchell, PLLC $10,000.00 Monthly, after the effective date, in an amount to be agreed upon.

SubV Trustee $3,500.00 Monthly, after the effective date, in an amount to be 

agreed upon.

Priority Tax Claims:

Description Estimated Amount Date Assessed Treatment

n/a n/a n/a n/a

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Debtors’ Subchapter V Status Report Page 4

Secured Claims:

CLASS DESCRIPTION IMPAIRED METHOD OF PAYMENT

ESTIMATED 

ALLOWED 

CLAIM

ESTIMATED 

DISTRIBUTION

Class 1A Secured Ad Valorem 

Tax Claims YES

If monies are owed, 

paid in full and 

amortized over 5 years 

from the Petition Date 

at 12%

unknown unknown

Class 1B Ascentium Capital YES Paid full amount of 

allowed secured claim

$228,272 $228,272 plus 

interest

General Unsecured Claims:

CLASS DESCRIPTION IMPAIRED METHOD OF PAYMENT ESTIMATED 

TOTAL CLAIMS

ESTIMATED 

DISTRIBUTION

Class 3 General Unsecured 

Claims YES Paid from revenue $970,000

Approximately 

25% of allowed 

claim

VI. CONCLUSION

The Debtor is asking you to consider the foregoing proposal and provide feedback in order

to facilitate the confirmation of a consensual plan.

Dated: April 8, 2024

Respectfully submitted,

/s/ Robert T. DeMarco

DeMarco•Mitchell, PLLC

Robert T. DeMarco, Texas Bar No. 24014543

Email robert@demarcomitchell.com

12770 Coit Road, Suite 850

Dallas, TX 75251

T 972-991-5591

F 972-346-6791

Proposed Counsel for Debtor and Debtor in 

Possession

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Debtors’ Subchapter V Status Report Page 5

CERTIFICATE OF SERVICE

The undersigned counsel herby certifies that true and correct copies of the foregoing 

pleading and all attachments were served upon all parties listed below in accordance with 

applicable rules of bankruptcy procedure on this 25th day of March, 2024. Where possible, 

service was made electronically via the Court’s ECF noticing system or via facsimile transmission 

where a facsimile number is set forth below. Where such electronic service was not possible, 

service was made via regular first-class mail.

DEBTOR

Little Rock Urban Air, LLC

P.O. Box 101734

Fort Worth, TX 76185

TRUSTEES

Office of the United States Trustee

1100 Commerce Street

Room 976

Dallas, TX 75202

Behrooz P. Vida -SBRA V

The Vida Law Firm, PLLC

3000 Central Drive

Bedford, TX 76021

ADDITIONAL PARTIES IN INTEREST AND/OR PARTIES REQUESTING NOTICE

Simmons Bank

c/o Mike Menton

SettlePou

3333 Lee Parkway

Eighth Floor

Dallas, Texas 75219

Email: mmenton@settlepou.com

SEE ATTACHED MATRIX

/s/ Robert T. DeMarco

DeMarco•Mitchell, PLLC

Robert T. DeMarco, Texas Bar No. 24014543

Email robert@demarcomitchell.com

Michael S. Mitchell, Texas Bar No. 00788065

Email mike@demarcomitchell.com

12770 Coit Road, Suite 850

Dallas, TX 75251

T 972-991-5591

F 972-346-6791

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 Label Matrix for local noticing Bowman Station Properties, LLC City of Frisco 

 0539-4 5507 Ranch Drive Linebarger, Goggan, Blair & Sampson, LLP 

 Case 24-40610-mxm11 Suite 201 c/o John K. Turner 

 Northern District of Texas Little Rock, AR 72223-0043 2777 N. Stemmons Freeway 

 Ft. Worth Suite 1000 

 Mon Apr 8 23:14:11 CDT 2024 Dallas, TX 75207-2328 

 City of Pasadena Crowley ISD Dallas County 

 Linebarger Goggan Blair & Sampson LLP % Perdue Brandon Fielder Et Al Linebarger Goggan Blair & Sampson, LLP 

 c/o Tara L. Grundemeier 500 E. Border Street c/o John K. Turner 

 PO Box 3064 Suite 640 2777 N. Stemmons Fwy, Ste. 1000 

 Houston, TX 77253-3064 Arlington, TX 76010-7457 Dallas, TX 75207-2328 

 

 Ellis County Grayson County Little Rock Urban Air, LLC 

 Linebarger Goggan Blair & Sampson, LLP Linebarger Goggan Blair & Sampson, LLP P.O. Box 4429 

 c/o John Kendrick Turner c/o John K. Turner Chattanooga, TN 37405-0429 

 2777 N. Stemmons Freeway 2777 N Stemmons Frwy Ste 1000 

 Suite 1000 Dallas, TX 75207-2328 

 Dallas, TX 75207-2328 

 Parker CAD Rockwall CAD Simmons Bank 

 Linebarger, Goggan, Blair & Sampson, LLP Linebarger Goggan Blair & Sampson, LLP c/o Michael P. Menton 

 c/o John K. Turner c/o John K. Turner 3333 Lee Parkway, Eighth Floor 

 2777 N. Stemmons Freeway 2777 N. Stemmons Frwy Ste 1000 Dallas, TX 75219-5111 

 Suite 1000 Dallas, TX 75207-2328 

 Dallas, TX 75207-2328 

 Smith County Tarrant County 501 W. Tenth Street 

 Linebarger Goggan Blair & Sampson, LLP Linebarger, Goggan, Blair & Sampson, LLP Fort Worth, TX 76102-3637 

 c/o John Kendrick Turner c/o John K. Turner 

 2777 N. Stemmons Freeway 2777 N. Stemmons Freeway 

 Suite 1000 Suite 1000 

 Dallas, TX 75207-2328 Dallas, TX 75207-2328 

 (p)ASCENTIUM CAPITAL Bowman Station Properties Capital One Mastercard 

 Attn: Dominic Diloreto c/o West Group PO Box 71087 

 239070 US 59 North 5507 Ranch Drive, Ste 201 Charlotte, NC 28272-1087 

 Kingwood, TX 77339 Little Rock, AR 72223-0043 

 

 Central Arkansas Water City of Pasadena Comptroller, State of Arkansas 

 221 East Capitol Ave. c/o Tara L. Grundemeier 1509 W. 7th Street, STE 401 

 P.O. Box 1789 Linebarger Goggan Blair & Sampson LLP Little Rock, AR 72201-3933 

 Little Rock, AR 72203-1789 PO Box 3064 

 Houston, TX 77253-3064 

 

 Crowley ISD Dallas County Dallas County Tax-Assessor Collector 

 c/o Perdue Brandon Fielder et al Linebarger Goggan Blair & Sampson, LLP 500 Elm Street 

 500 East Border Street, Suite 640 2777 N. Stemmons Freeway Dallas, TX 75202-3304 

 Arlington, TX 76010-7457 Suite 1000 

 Dallas, TX 75207-2328 

 

 Elisa Fox Gary S. Weiss Head Rush Technologies 

 PO Box 4429 10750 West 143rd Street, STE 57 1699 Cherry St. Unit C 

 Chattanooga, TN 37405-0429 Orland Park, IL 60462-1925 Louisville, CO 80027-3146 

 Internal Revenue Service Internal Revenue Service Loop Marketing, Inc. 

 1100 Commerce St. MC 5027DAL Centralized Insolvency Operations 2863 95th Street, STE 143-139 

 Dallas, TX 75242-1100 P.O. Box 7346 Naperville, IL 60564-9005 

 Philadelphia, PA 19101-7346 

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 NuCo2, LLC Office of the United States Trustee PGP Construction 

 PO Box 9011 Earle Cabell Federal Building 2600 Southlake Blvd, Ste. 120-271 

 Stuart, FL 34995-9011 1100 Commerce Street Room 976 Southlake, TX 76092-6634 

 Dallas, TX 75242-1011 

 

 PepsiCo Pulaski County Assessor’s Office Republic Services 

 Accounts Receivable Customer Service 201 S. Broadway, Suite 310 P.O. Box 5000 

 1100 Reynolds Blvd. Little Rock, AR 72201-2340 Fogelsville, PA 18051-5000 

 Winston Salem, NC 27105-3400 

 SW Fort Worth Urban Air, LLC (p)SIMMONS BANK Simmons Bank 

 Urban Air Adventure Park ATTN CONSUMER DEFAULT DEPARTMENT PO Box 6609 

 5425 Columbus Trail POST OFFICE BOX 733 Pine Bluff, AR 71611-6609 

 Fort Worth, TX 76123-2982 UNION CITY TN 38281-0733 

 Summit Utilities Arkansas Tarrant County Texas Attorney General’s Office 

 PO Box 2414 Linebarger Goggan Blair & Sampson, LLP Bankruptcy Collection Division 

 Fort Smith, AR 72902-2414 2777 N. Stemmons Freeway PO Box 12548 

 Suite 1000 Austin, TX 78711-2548 

 Dallas, TX 75207-2328 

 

 Texas Comptroller of Public Account Thomas Fox U.S. Small Business Administration 

 C/O Office of the Attorney General PO Box 4429 150 Westpark Way 

 Bankruptcy-Collections Division Chattanooga, TN 37405-0429 Suite 130 

 PO Box 12548, MC-008 Euless, TX 76040-3705 

 Austin, TX 78711-2548 

 

 U.S. Small Business Administration US Foods, Inc. United States Attorney 

 PO Box 3918 PO Box BOX 28260-2224 Northern District of Texas 

 Portland, OR 97208-3918 1100 Commerce Street, 3rd Fl. 

 Dallas, TX 75242-1074 

 United States Trustee Urban Air Corporate Urban Air Naperville, LLC 

 1100 Commerce Street 2350 Airport Freeway, Ste 505 Urban Air Adventure Park 

 Room 976 Bedford, TX 76022-6027 1955 Glacier Park Ave 

 Dallas, TX 75242-0996 Naperville, IL 60540-3942 

 Xtreme Sports Group Chattanooga, LLC Behrooz P. Vida -SBRA V Robert Thomas DeMarco 

 Urban Air Adventure Park 3000 Central Dr. Robert Demarco 

 2020 Gunbarrel Rd Bedford, TX 76021-3671 12770 Coit Road 

 Chattanooga, TN 37421-2679 Suite 850 

 Dallas, TX 75251-1364 

 

 The preferred mailing address (p) above has been substituted for the following entity/entities as so specified 

 by said entity/entities in a Notice of Address filed pursuant to 11 U.S.C. 342(f) and Fed.R.Bank.P. 2002 (g)(4). 

 Ascentium Capital Simmons Bank (d)Simmons Bank 

 23970 Hwy. 59N 501 South Main Street PO Box 733 

 Kingwood, TX 77339 Pine Bluff, AR 71601 Union City, TN 38281 

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

 (u)Small Business Administration End of Label Matrix 

 Mailable recipients 53 

 Bypassed recipients 1 

 Total 54 

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