Official Form 206A/B Schedule A/B Assets - Real and Personal Property page 1

Software Copyright (c) 1996-2023 Best Case, LLC - www.bestcase.com Best Case Bankruptcy

Fill in this information to identify the case:

Debtor name Highland Select Equity Master Fund, L.P.

United States Bankruptcy Court for the: NORTHERN DISTRICT OF TEXAS

Case number (if known) 23-31037-swe7

Check if this is an 

amended filing

Official Form 206A/B

Schedule A/B: Assets - Real and Personal Property 12/15

Disclose all property, real and personal, which the debtor owns or in which the debtor has any other legal, equitable, or future interest. 

Include all property in which the debtor holds rights and powers exercisable for the debtor's own benefit. Also include assets and properties 

which have no book value, such as fully depreciated assets or assets that were not capitalized. In Schedule A/B, list any executory contracts 

or unexpired leases. Also list them on Schedule G: Executory Contracts and Unexpired Leases (Official Form 206G).

Be as complete and accurate as possible. If more space is needed, attach a separate sheet to this form. At the top of any pages added, write 

the debtor’s name and case number (if known). Also identify the form and line number to which the additional information applies. If an 

additional sheet is attached, include the amounts from the attachment in the total for the pertinent part.

For Part 1 through Part 11, list each asset under the appropriate category or attach separate supporting schedules, such as a fixed asset 

schedule or depreciation schedule, that gives the details for each asset in a particular category. List each asset only once. In valuing the 

debtor’s interest, do not deduct the value of secured claims. See the instructions to understand the terms used in this form.

Part 1: Cash and cash equivalents

1. Does the debtor have any cash or cash equivalents?

 No. Go to Part 2.

 Yes Fill in the information below.

All cash or cash equivalents owned or controlled by the debtor Current value of 

debtor's interest

3. Checking, savings, money market, or financial brokerage accounts (Identify all)

Name of institution (bank or brokerage firm) Type of account Last 4 digits of account 

number

3.1.

Jefferies & Company, Inc - Prime 

Brokerage Services

(value listed is cash balance; account 

also includes 2 investments referenced 

below) Brokerage 0020 $635,267.93

4. Other cash equivalents (Identify all)

5. Total of Part 1. $635,267.93

Add lines 2 through 4 (including amounts on any additional sheets). Copy the total to line 80.

Part 2: Deposits and Prepayments

6. Does the debtor have any deposits or prepayments?

 No. Go to Part 3.

 Yes Fill in the information below.

Part 3: Accounts receivable

10. Does the debtor have any accounts receivable?

 No. Go to Part 4.

 Yes Fill in the information below.

Part 4: Investments

13. Does the debtor own any investments?

 No. Go to Part 5.

 Yes Fill in the information below.

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Document Page 1 of 13
Debtor Highland Select Equity Master Fund, L.P. Case number (If known) 23-31037-swe7

Name

Official Form 206A/B Schedule A/B Assets - Real and Personal Property page 2

Software Copyright (c) 1996-2023 Best Case, LLC - www.bestcase.com Best Case Bankruptcy

Valuation method used 

for current value

Current value of 

debtor's interest

14. Mutual funds or publicly traded stocks not included in Part 1

Name of fund or stock:

15. Non-publicly traded stock and interests in incorporated and unincorporated businesses, including any interest in an LLC, 

partnership, or joint venture

Name of entity: % of ownership

15.1.

UDFI - stock

Percentage of ownership is unknown

This investment may have residual value, 

but since a discrete value is unknown, an 

amount of zero has been populated in the 

total section on lines 17 and 83 because 

"unknown" is not available % Unknown

15.2.

AA Claims Pool

Percentage of ownership is unknown

This investment may have residual value, 

but since a discrete value is unknown, an 

amount of zero has been populated in the 

total section on lines 17 and 83 because 

"unknown" is not available % Unknown

16. Government bonds, corporate bonds, and other negotiable and non-negotiable instruments not included in Part 1

Describe:

17. Total of Part 4. $0.00

Add lines 14 through 16. Copy the total to line 83.

Part 5: Inventory, excluding agriculture assets

18. Does the debtor own any inventory (excluding agriculture assets)?

 No. Go to Part 6.

 Yes Fill in the information below.

Part 6: Farming and fishing-related assets (other than titled motor vehicles and land)

27. Does the debtor own or lease any farming and fishing-related assets (other than titled motor vehicles and land)?

 No. Go to Part 7.

 Yes Fill in the information below.

Part 7: Office furniture, fixtures, and equipment; and collectibles

38. Does the debtor own or lease any office furniture, fixtures, equipment, or collectibles?

 No. Go to Part 8.

 Yes Fill in the information below.

Part 8: Machinery, equipment, and vehicles

46. Does the debtor own or lease any machinery, equipment, or vehicles?

 No. Go to Part 9.

 Yes Fill in the information below.

Part 9: Real property

54. Does the debtor own or lease any real property?

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Document Page 2 of 13
Debtor Highland Select Equity Master Fund, L.P. Case number (If known) 23-31037-swe7

Name

Official Form 206A/B Schedule A/B Assets - Real and Personal Property page 3

Software Copyright (c) 1996-2023 Best Case, LLC - www.bestcase.com Best Case Bankruptcy

 No. Go to Part 10.

 Yes Fill in the information below.

Part 10: Intangibles and intellectual property

59. Does the debtor have any interests in intangibles or intellectual property?

 No. Go to Part 11.

 Yes Fill in the information below.

Part 11: All other assets

70. Does the debtor own any other assets that have not yet been reported on this form?

Include all interests in executory contracts and unexpired leases not previously reported on this form.

 No. Go to Part 12.

 Yes Fill in the information below.

Current value of 

debtor's interest

71. Notes receivable

Description (include name of obligor)

72. Tax refunds and unused net operating losses (NOLs)

Description (for example, federal, state, local)

73. Interests in insurance policies or annuities

74. Causes of action against third parties (whether or not a lawsuit 

has been filed)

Possible preference claim against Highland Capital 

Management LP for repayment of insider debt $363,093.00

Nature of claim

Amount requested $0.00

75. Other contingent and unliquidated claims or causes of action of 

every nature, including counterclaims of the debtor and rights to 

set off claims

76. Trusts, equitable or future interests in property

77. Other property of any kind not already listed Examples: Season tickets, 

country club membership

78. Total of Part 11. $363,093.00

Add lines 71 through 77. Copy the total to line 90.

79. Has any of the property listed in Part 11 been appraised by a professional within the last year?

 No

 Yes

Case 23-31037-swe7 Doc 10 Filed 06/16/23 Entered 06/16/23 13:22:17 Desc Main

Document Page 3 of 13
Debtor Highland Select Equity Master Fund, L.P. Case number (If known) 23-31037-swe7

Name

Official Form 206A/B Schedule A/B Assets - Real and Personal Property page 4

Software Copyright (c) 1996-2023 Best Case, LLC - www.bestcase.com Best Case Bankruptcy

Part 12: Summary

In Part 12 copy all of the totals from the earlier parts of the form

Type of property Current value of 

personal property

Current value of real 

property

80. Cash, cash equivalents, and financial assets.

Copy line 5, Part 1 $635,267.93

81. Deposits and prepayments. Copy line 9, Part 2. $0.00

82. Accounts receivable. Copy line 12, Part 3. $0.00

83. Investments. Copy line 17, Part 4. $0.00

84. Inventory. Copy line 23, Part 5. $0.00

85. Farming and fishing-related assets. Copy line 33, Part 6. $0.00

86. Office furniture, fixtures, and equipment; and collectibles.

Copy line 43, Part 7. $0.00

87. Machinery, equipment, and vehicles. Copy line 51, Part 8. $0.00

88. Real property. Copy line 56, Part 9.........................................................................................> $0.00

89. Intangibles and intellectual property. Copy line 66, Part 10. $0.00

90. All other assets. Copy line 78, Part 11. + $363,093.00

91. Total. Add lines 80 through 90 for each column $998,360.93 + 91b. $0.00

92. Total of all property on Schedule A/B. Add lines 91a+91b=92 $998,360.93

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Document Page 4 of 13
Official Form 206D Schedule D: Creditors Who Have Claims Secured by Property page 1 of 1

Software Copyright (c) 1996-2023 Best Case, LLC - www.bestcase.com Best Case Bankruptcy

Fill in this information to identify the case:

Debtor name Highland Select Equity Master Fund, L.P.

United States Bankruptcy Court for the: NORTHERN DISTRICT OF TEXAS

Case number (if known) 23-31037-swe7

Check if this is an 

amended filing

Official Form 206D

Schedule D: Creditors Who Have Claims Secured by Property 12/15

Be as complete and accurate as possible.

1. Do any creditors have claims secured by debtor's property?

 No. Check this box and submit page 1 of this form to the court with debtor's other schedules. Debtor has nothing else to report on this form.

 Yes. Fill in all of the information below.

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Document Page 5 of 13
Official Form 206E/F Schedule E/F: Creditors Who Have Unsecured Claims page 1 of 2

Software Copyright (c) 1996-2023 Best Case, LLC - www.bestcase.com Best Case Bankruptcy

Fill in this information to identify the case:

Debtor name Highland Select Equity Master Fund, L.P.

United States Bankruptcy Court for the: NORTHERN DISTRICT OF TEXAS

Case number (if known) 23-31037-swe7

Check if this is an 

amended filing

Official Form 206E/F

Schedule E/F: Creditors Who Have Unsecured Claims 12/15

Be as complete and accurate as possible. Use Part 1 for creditors with PRIORITY unsecured claims and Part 2 for creditors with NONPRIORITY unsecured claims. 

List the other party to any executory contracts or unexpired leases that could result in a claim. Also list executory contracts on Schedule A/B: Assets - Real and 

Personal Property (Official Form 206A/B) and on Schedule G: Executory Contracts and Unexpired Leases (Official Form 206G). Number the entries in Parts 1 and 

2 in the boxes on the left. If more space is needed for Part 1 or Part 2, fill out and attach the Additional Page of that Part included in this form.

Part 1: List All Creditors with PRIORITY Unsecured Claims

1. Do any creditors have priority unsecured claims? (See 11 U.S.C. § 507).

 No. Go to Part 2.

 Yes. Go to line 2.

Part 2: List All Creditors with NONPRIORITY Unsecured Claims

3. List in alphabetical order all of the creditors with nonpriority unsecured claims. If the debtor has more than 6 creditors with nonpriority unsecured claims, fill 

out and attach the Additional Page of Part 2. 

Amount of claim

3.1 Nonpriority creditor's name and mailing address As of the petition filing date, the claim is: Check all that apply. $3,292,077.15

Highland Capital Management, LP

100 Crescent Court, Suite 1850 

Dallas, TX 75201

Date(s) debt was incurred March 13, 2020 and 

March 17, 2020 

Last 4 digits of account number 

 Contingent

 Unliquidated

 Disputed

Basis for the claim: Demand Promissory Note, dated March 17, 2020 

Is the claim subject to offset? No Yes

3.2 Nonpriority creditor's name and mailing address As of the petition filing date, the claim is: Check all that apply. $58,845.06

Highland Capital Management, LP

100 Crescent Court, Suite 1850 

Dallas, TX 75201

Date(s) debt was incurred Various 

Last 4 digits of account number 

 Contingent

 Unliquidated

 Disputed

Basis for the claim: Expense Reimbursement 

Is the claim subject to offset? No Yes

3.3 Nonpriority creditor's name and mailing address As of the petition filing date, the claim is: Check all that apply. $4,539,006.94

The Dugaboy Investment Trust

c/o Heller, Draper & Horn, L.L.C. 

650 Poydras St., Suite 2500 

New Orleans, LA 70130

Date(s) debt was incurred October 14, 2014 

Last 4 digits of account number 

 Contingent

 Unliquidated

 Disputed

Basis for the claim: Master Securities Loan Agreement, dated October 14, 

2014 

Is the claim subject to offset? No Yes

Part 3: List Others to Be Notified About Unsecured Claims

4. List in alphabetical order any others who must be notified for claims listed in Parts 1 and 2. Examples of entities that may be listed are collection agencies, 

assignees of claims listed above, and attorneys for unsecured creditors.

If no others need to be notified for the debts listed in Parts 1 and 2, do not fill out or submit this page. If additional pages are needed, copy the next page.

Name and mailing address On which line in Part1 or Part 2 is the 

related creditor (if any) listed?

Last 4 digits of

account number, if 

any

4.1 Deborah Deitsch Perez

Stinson LLP 

2200 Ross Avenue, Suite 2900

Dallas, TX 75201

Line 3.3 

Not listed. Explain 

 

Case 23-31037-swe7 Doc 10 Filed 06/16/23 Entered 06/16/23 13:22:17 Desc Main

Document Page 6 of 13
Debtor Highland Select Equity Master Fund, L.P. Case number (if known) 23-31037-swe7

Name

Official Form 206 E/F Schedule E/F: Creditors Who Have Unsecured Claims Page 2 of 2

Software Copyright (c) 1996-2023 Best Case, LLC - www.bestcase.com Best Case Bankruptcy

Name and mailing address On which line in Part1 or Part 2 is the 

related creditor (if any) listed?

Last 4 digits of

account number, if 

any

4.2 Mazin Sbaiti, Sbaiti & Company PLLC

Sbaiti & Company PLLC 

2200 Ross Avenue, Suite 49900W

Dallas, TX 75201

Line 3.3 

Not listed. Explain 

 

4.3 Pachulski, Stang Ziehl & Jones LLP

10100 Santa Monica Blvd, 13th Floor

Los Angeles, CA 90067

Line 3.1 

Not listed. Explain 

 

Part 4: Total Amounts of the Priority and Nonpriority Unsecured Claims

5. Add the amounts of priority and nonpriority unsecured claims.

Total of claim amounts

5a. Total claims from Part 1 5a. $ 0.00

5b. Total claims from Part 2 5b. + $ 7,889,929.15

5c. Total of Parts 1 and 2

 Lines 5a + 5b = 5c. 5c. $ 7,889,929.15

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