10000000980

B7 (Official Form 7) (04/1 0)
United States Bankruptcy Court

District of Delaware
In re ClearPoint Business Resources, Inc. Case No.
Chapter Dobtor(s)
STATEMENT OF FINANCIAL AFFAIRS
1 0-12037(KG)
11
This statement is to be completed by every debtor. Spouses filing a joint petition may file a single statement on which the information for
both spouses is combined. If the case is filed under chapter 12 or chapter 13, a married debtor must furnish infonnation for both spouses whether or
not a joint petition is filed, unless the spouses are separated and a joint petition is not filed. An individual debtor engaged in business as a sole
proprietor, partner, family farmer, or professional, should provide the information requested on this statement concerning all such
activities as well as the individual's personal affairs. To indicate payments, transfers and the like to minor children, state the child's initials and the
name and address of the child's parent or guardian, such as "AB., a minor child, by John Doe, guardian." Do not disclose the child's name. See, 11
U.S.C. 112; Fed. R. Bankr. P. 1007(m).
Questions 1- 18 are to be completed by all debtors. Debtors that are or have been in business, as defined below, also must complete
Questions 19 25. If the an.,o;;wer to an applicable question is "None," mark the box labeled "None." If additional space is needed for the answer
to any question, use and attach a separate sheet properly identified with the case name, case number (if known), and the number of the question.
DEFINITIONS
"In business." A debtor is "in business" for the purpose of this form if the debtor is a corporation or partnership. An individual debtor iS"
11
in
business
11
for the purpose of this form if the debtor is or has been, within six years immediately preceding the filing of this bankruptcy case, any of
the following: an officer, director, managing executive, or owner of 5 percent or more of the voting or equity securities of a corporation; a partner,
other than a limited partner, of a partnership; a sole proprietor or self-employed full-time or part-time. An individual debtor also may be "in business"
for the purpose of this form if the debtor engages in a trade, business, or other activity, other than as an employee, to supplement income from the
debtor's primary employment.
'7nsider." The term
11
insider
11
includes but is not limited to: relatives of the debtor; general partners of the debtor and their relatives;
corporations of which the debtor is an officer, director, or person in control; officers, directors, and any owner of 5 percent or more of the voting or
equity securities of a corporate debtor and their relatives; affiliates of the debtor and insiders of such affiliates; any managing agent of the debtor. 11
u.s.c. 101.
1. Income from employment or operation of business
None State the gross amount of income the debtor has received from employment, trade, or profession, or from operation of the debtor's
D business, including part-time activities either as an employee or in independent trade or business, from the beginning of this calendar
year to the date this case was commenced. State also the gross amounts received during the two years immediately preceding this
calendar year. (A debtor that maintains, or has maintained, financial records on the basis of a fiscal rather than a calendar year may
report fiscal year income. IdentifY the beginning and ending dates of the debtor's fiscal year.) If a joint petition is filed, state income for
each spouse separately. (Married debtors filing under chapter 12 or chapter 13 must state income of both spouses whether or not a joint
petition is filed, unless the spouses are separated and a joint petition is not filed.)
AMOUNT
$2,424,643.00
$5,241,706.00
$33,496,240.00
SOURCE
6 months ending June 30,2010
2009
2008
SoftWare Copyright {c) 199&.2010 Best Case Solutions" Evanston. ll. www.bestcase.com Best Case Bankruptcy
None
D
2
2. Income other than from employment or operation of business
State the amount of income received by the debtor other than from employment, trade, profession, or ope'ration of the debtor's business
during the two years immediately preceding the commencement of this case. Give particulars. If a joint petition is filed, state income for
each spouse separately. (Married debtors filing under chapter 12 or chapter 13 must state income for each spouse whether or not a joint
petition is filed, unless the spouses are separated and a joint petition is not filed.)
AMOUNT
$0.00
3. Payments to creditors
SOURCE
See Schedule 2, attached.
None Complete a. orb., as appropriate, and c.

a. Individual or joint debtor(s) with primarily consumer debts. List all payments on loans, installment purchases of goods or services,
and other debts to any creditor made within 90 days immediately preceding the commencement of this case unless the aggregate value
of all property that constitutes or is affected by such transfer is less than $600. Indicate with an(*) any payments that were made to a
creditor on account of a domestic support obligation or as part of an alternative repayment schedule under a plan by an approved
nonprofit budgeting and credit counseling agency. (Married debtors filing under chapter 12 or chapter 13 must include payments by
either or both spouses whether or not a joint petition is filed, unless the spouses are separated and a joint petition is not filed.)
NAME AND ADDRESS
OF CREDITOR
DATES OF
PAYMENTS
AMOUNT PAID
AMOUNT STILL
OWING
None b. Debtor whose debts are not primarily consumer debts: List each payment or other transfer to any creditor made within 90 days
0 immediately preceding the commencement of the case unless the aggregate value of all property that constitutes Or is affected by such
transfer is less than $5,850"'. If the debtor is an individual, indicate with an asterisk(*) any payments that were made to a creditor on
account of a domestic support obligation or as part of an alternative repayment schedule under a plan by an approved nonprofit
budgeting and credit counseling agency. (Married debtors filing under chapter 12 or chapter 13 must include payments and other
transfers by either or both spouses whether or not a joint petition is filed, unless the spouses are separated and a joint petition is not
filed.)
NAME AND ADDRESS OF CREDITOR
See Schedule 3-b, attached.
DATES OF
PAYMENTS/
TRANSFERS
AMOUNT
PAID OR
VALUE OF
TRANSFERS
$0.00
AMOUNT STILL
OWING
$0.00
None
D
c. All debtors: List all payments made within one year immediately preceding the commencement' of this case to or for the benefit of
creditors who are or were insiders. (Married debtors filing under chapter 12 or chapter 13 must include payments by either or both
spouses whether or not a joint petition is filed, unless the spouses are separated and a joint petition is not filed.)
NAME AND ADDRESS OF CREDITOR AND
RELATIONSHIP TO DEBTOR
See Schedule 3-c, attached.
DATE OF PAYMENT
4. Suits and administrative proceedings, executions, garnishments and attachments
AMOUNT PAID
$0.00
AMOUNT STILL
OWING
$0.00
None
D
a. List all suits and administrative proceedings to which the debtor is or was a party within one year immediately preceding the filing of
this bankruptcy case. (Married debtors filing under chapter 12 or chapter 13 must include infonnation concerning either or both spouses
whether or not a joint petition is filed, unless the spouses arc separated and a joint petition is not filed.)
CAPTION OF SUIT
AND CASE NUMBER
See Schedule 4, attached .
NATURE OF PROCEEDING
COURT OR AGENCY
AND LOCATION
STATUS OR
DISPOSITION
.. Amount subject to adjustment on 4/01/13, and every three years thereafter with respect to cases commenced on or after the date of adjustment.
SoftWare Copyright (c) 1996-2010 Best Case So!u!!ons. !nc.- Evanston. !L- www.bestcase.com Best Case Bankruptcy
None b. Describe all property that has been attached, garnished or seized under any legal or equitable process within one year immediately
8 preceding the commencement of this case. (Married debtors filing under chapter 12 or chapter 13 must include infonnation concerning
property of either or both spouses whether or not a joint petition is filed, unless the spouses are separated and a joint petition is not
filed.)
NAME AND ADDRESS OF PERSON FOR WHOSE
BENEFIT PROPERTY WAS SEIZED
DATE OF SEIZURE
DESCRIPTION AND VALUE OF
PROPERTY
5. Repossessions, foreclosures and returns
None List all property that has been repossessed by a creditor, sold at a foreclosure sale, transferred through a deed in lieu of foreclosure or
returned to the seller, within one year immediately preceding the commencement of this case. (Married debtors filing under chapter 12
or chapter 13 must include information concerning property of either or both spouses whether or not a joint petition is filed, unless the
spouses are separated and a joint petition is not filed.)
NAME AND ADDRESS OF
CREDITOR OR SELLER
6. Assignments and receiverships
DATE OF REPOSSESSION,
FORECLOSURE SALE,
TRANSFER OR RETURN
PROPERTY
None

a. Describe any assignment of property for the benefit of creditors made within 120 days immediately preceding the commencement of
this case. (Married debtors filing under chapter 12 or chapter 13 must include any assignment by either or both spouses whether or not a
joint petition is filed, unless the spouses are separated and a joint petition is not filed.)
NAME AND ADDRESS OF ASSIGNEE
DATE OF
ASSIGNMENT
TERMS OF ASSIGNMENT OR SETTLEMENT
None b. List all property which has been in the hands of a custodian, receiver, or court-appointed official within one year immediately
preceding the commencement of this case. (Married debtors filing under chapter 12 or chapter 13 must include information concerning
property of either or both spouses whether or not a joint petition is filed, unless the spouses are separated and a joint petition is not
filed.)
NAME AND ADDRESS
OF CUSTODIAN
7. Gifts
NAME AND LOCATION
OF COURT
CASE TITLE & NUMBER
DATE OF
ORDER
PROPERTY
None List all gifts or charitable contributions made within one year immediately preceding the commencement of this case except ordinary
D and usual gifts to family members aggregating less than $200 in value per individual family member and charitable contributions
aggregating less than $100 per recipient. (Married debtors filing under chapter 12 or chapter 13 must include gifts or contributions by
either or both spouses whether or not a joint petition is filed, unless the spouses are separated and a joint petition is not filed.)
NAME AND ADDRESS OF
PERSON OR ORGANIZATION
8. Losses
RELATIONSHIP TO
DEBTOR, IF ANY
DATE OF GIFT
DESCRIPTION AND
VALUE OF GIFT
None List all losses from fire, theft:, other casualty or gambling within one year immediately preceding the commencement of this case or
since the commencement of this case. (Married debtors filing under chapter 12 or chapter 13 must include losses by either or bOth
DESCRIPTION AND VALUE
OF PROPERTY
DESCRIPTION OF CIRCUMSTANCES AND, IF
LOSS WAS COVERED IN WHOLE OR IN PART
BY INSURANCE, GIVE PARTICULARS
DATE OF LOSS
3
SoftWare Copyright (c)199&-2010 Sest Case Solu!lons. Inc.- Evanston. IL- www.bestcase.com Sest Case Bankruptcy
4
9. Payments related to debt counseling or bankruptcy
None List all payments made or property transferred by or on behalf of the debtor to any persons, including attorneys, for consultation
D concerning debt consolidation, relief under the bankruptcy law or preparation of the petition in bankruptcy within one year immediately
preceding the commencement of this case.
NAME AND ADDRESS
OF PAYEE
10. Other transfers
DATE OF PAYMENT,
NAME OF PAYOR IF OTHER
THAN DEBTOR
AMOUNT OF MONEY
OR DESCRIPTION AND VALUE
OF PROPERTY
None a. List all other property, other than property transferred in the ordinary course of the buSiness or financial affairs of the debtor,
D transferred either absolutely or as security within two years immediately preceding the commencement of this case. (Married debtors
filing under chapter 12 or chapter 13 must include transfers by either or both spouses whether or not a joint petition is filed, unless the
spouses are separated and a joint petition is not filed.)
NAME AND ADDRESS OF TRANSFEREE,
RELATIONSHIP TO DEBTOR
MDTTek, LLC
Company owned by former CEO
DATE
April, 2010
DESCRIBE PROPERTY TRANSFERRED
AND VALUE RECEIVED
As described more fully in the Declaration of
Christine Doelp, certain assets of the Debtors,
including the "ilabor Platform" were sold to
MDT Tek, LLC, a company formed by the
Debtors' former Chief Executive Officer, Michael
D. Traina.
None b. List all property transferred by the debtor within ten years immediately preceding the commencement of this case to a
trust or similar device of which the debtor is a beneficiary.
NAME OF TRUST OR OTHER
DEVICE
11. Closed financial accounts
DATE(S)OF
TRANSFER(S)
AMOUNT OF MONEY OR DESCRIPTION AND
VALUE OF PROPERTY OR DEBTOR'S INTEREST
IN PROPERTY
None List all financial accounts and instruments held in the name of the debtor or for the benefit of the debtor which were closed, sold, or
otherwise transferred within one year immediately preceding the commencement of this case. Include checking, savings, or other
financial accounts, certificates of deposit, or other instruments; shares and share accounts held in banks, credit unions, pension funds,
cooperatives, associations, brokCrage houses and other financial institutions. (Married debtors filing under chapter 12 or chapter 13 must
include information concerning accounts or instruments held by or for either or both spouses whether or not a joint petition is filed,
unless the spouses are separated and a joint petition is not filed.)
NAME AND ADDRESS OF INSTmJTION
12. Safe deposit boxes
TYPE OF ACCOUNT, LAST FOUR
DIGITS OF ACCOUNT NUMBER,
AND AMOUNT OF FINAL BALANCE
AMOUNT AND DATE OF SALE
OR CLOSING
None List each safe deposit or other box or depository in which the debtor has or had securities, cash, or other valuables within one year
immediately preceding the commencement of this case. (Married debtors filing under chapter 12 or chapter 13 must include boxes or
depositories of either or both spouses whether or not a joint petition is filed, unless the spouses are separated and a joint petition is not
filed.)
NAME AND ADDRESS OF BANK
OR OTHER DEPOSITORY
NAMES AND ADDRESSES
OF THOSE WITH ACCESS
TO BOX OR DEPOSITORY
Software Copyright (c) 1996-2010 Best Case Solutions. Inc . Evanston. ll www.bestcase.com
DESCRIPTION
OF CONTENTS
DATE OF TRANSFER OR
SURRENDER, IF ANY
Best Case Bankruptcy
13. Setoffs
None List all setoffs made by any creditor, including a bank, against a debt or deposit of the debtor within 90 days preceding the
D commencement of this case. (Married debtors filing under chapter 12 or chapter 13 must include infonnation concerning either or both
NAME AND ADDRESS OF CREDITOR
DATE OF SETOFF AMOUNT OF SETOFF
14. Property held for another person
None List all property owned by another person that the debtor holds or controls .

NAME AND ADDRESS OF OWNER DESCRiPTION AND VALUE OF PROPERTY LOCATION OF PROPERTY
None

ADDRESS
15. Prior address of debtor
If the debtor has moved within three years immediately preceding the commencement of this case, list all premises which the debtor
occupied during that period and vacated prior to the commencement of this case. If a joint petition is filed, report also any separate
address of either spouse.
NAME USED DATES OF OCCUPANCY
16. Spouses and Former Spouses
None If the debtor resides or resided in a community property state, commonwealth, or territory (including Alaska, Arizona, California, Idaho,
Louisiana,. Nevada,. New Mexico, Puerto Rico, Texas, Washington, or Wisconsin) within eight years immediately preceding the
commencement of the case, identifY the name of the debtor's spouse and of any fotmer spouse who resides or resided with the debtor in
. the community property state.
NAME
17. Environmental Information.
For the purpose of this question, the following definitions apply:
"Environmental Law" means any federal, state, or local statute or regulation regulating pollution, contamination, releases of hazardous
or toxic substances, wastes or material into the air, land, soil, surface water, groundwater, or other medium, including, but not limited to,
statutes or regulations regulating the cleanup of these substances, wastes, or material.
"Site" means any location, facility, or property as defined under any Environmental Law, whether or not presently or formerly
owned or operated by the debtor, including, but not limited to, disposal sites.
"Hazardous Material" means anything defined as a hazardous waste, hazardous substance, toxic substance, hazardous material,
pollutant. or contaminant or similar term under an Environmental Law
None a. List the name and address of every site for which the debtor has received notice in writing by a governmental unit that it may be liable
or potentially liable under or in violation of an Environmental Law. Indicate the governmental unit. the date of the notice, and, if known,
the Environmental Law:
SITE NAME AND ADDRESS
NAME AND ADDRESS OF
GOVERNMENTAL UNIT
DATE OF
NOTICE
ENVIRONMENTAL
LAW
None b. List the name and address of every site for which the debtor provided notice to a governmental unit of a release of Hazardous
Material. Indicate the governmental unit to which the notice was sent and the date of the notice.
SITE NAME AND ADDRESS
NAME AND ADDRESS OF
GOVERNMENTAL UNIT
DATE OF
NOTICE
ENVIRONMENTAL
LAW
5
Software Copyright (c) 1995-2010 Best Case Solutions. Inc. - Evanston. ll- www.bestcase.com Best case Bankruptcy
None c. List all judicial or administrative proceedings, including settlements or orders, under any Environmental Law with respect to which
the debtor is or was a party. Indicate the name and address of the governmental unit that is or was a party to the proceeding, and the
docket number.
NAME AND ADDRESS OF
GOVERNMENTAL UNIT
18. Nature, location and name of business
DOCKET NUMBER STATUS OR DISPOSITION
6
None a. !/the debtor is an individual, list the names, addresses, taxpayer identification numbers, nature of the businesses, and beginning and
D ending dates of all businesses in which the debtor was an officer, director, partner, or managing executive of a corporation, partner in a
partnership, sole proprietor, or was self-employed in a trade, profession, or other activity either full- or part-time within six years
immediately preceding the commencement of this case, or in which the debtor owned 5 percent or more of the voting or equity securities
within six years immediately preceding the commencement of this case.
If the debtor is a partnership, list the names, addresses, taxpayer identification numbers, nature of the businesses, and beginning and
ending dates of all businesses in which the debtor was a partner or owned 5 percent or more of the voting or equity securities, within six
years immediately preceding the commencement of this case.
If the debtor is a corporation, list the names, addresses, taxpayer identification numbers, nature of the businesses, and beginning and
ending dates of all businesses in which the debtor was a partner or owned 5 percent or more of the voting or equity securities within six
years immediately preceding the conimencement of this case.
NAME
See Schedule 1 8 ~ a ,
attached.
LAST FOUR DIGITS OF
SOCIAL-SECURITY OR
OTHER INDIVIDUAL
TAXPAVER-l.D. NO.
(!TIN)/ COMPLETE EIN ADDRESS
NATURE OF BUSINESS
BEGINNING AND
ENDING DATES
None b. IdentifY any business listed in response to subdivision a., above, that is ttsingle asset real estate
11
as defined in 11 U .S.C. 101 .

NAME ADDRESS
The following questions arc to be completed by every debtor that is a corporation or partnership and by any individual debtor who is or has
been, within six years immediately preceding the commencement of this case, any of the following: an officer, director, managing executive, or
owner of more than 5 percent of the voting or equity securities of a corporation; a partner, other than a limited partner, of a pa1tnership, a sole
proprietor, or self-employed in a trade, profession, or other activity, either full- or part-time.
(An individual or joint debtor should complete this porlion of the statement only if the debtor is or has been in business, as defined above,
within six years immediately preceding the commencement of this case. A debtor who has not been in business within those six years should go
directly to the signature page.)
19. Books, records and financial statements
None a. List all bookkeepers and accountants who within two years immediately preceding the filing of this bankruptcy case kept or
D supervised the keeping of books of account and records of the debtor.
NAME AND ADDRESS DATES SERVICES RENDERED
See Schedule 19-a, attached.
None b. List all finns or individuals who within the two years immediately preceding the filing of this bankruptcy case have audited the books
D of account and records, or prepared a financial statement of the debtor.
NAME ADDRESS DATES SERVICES RENDERED
None c. List all firms or individuals who at the time of the commencement of this case were in possession of the books of account and records
D of the debtor. If any of the books of account and records are not available, explain.
Software Copyright {c) 1996-2010 Best Case Solutions. Inc.- Evanston. ll- www.bestcase.com Best Case Bankruptcy
NAME ADDRESS
See Schedule 19-c, attached.
None d. List all financial institutions, creditors and other parties, including mercantile and trade agencies, to whom a financial statement was
D issued by the debtor within two years immediately preceding the commencement of this case.
NAME AND ADDRESS DATE ISSUED
See Schedule 19-d, attached.
20. Inventories
None a. List the dates of the last two inventories taken of your property, the name of the person who supervised the taking of each inventory,
B and the dollar amount and basis of each inventory.
DATE OF INVENTORY INVENTORY SUPERVISOR
DOLLAR AMOUNT OF INVENTORY
(Specify cost, market or other basis)
None b. List the name and address of the person having possession of the records of each of the two inventories reported in a., above .

DATE OF INVENTORY
NAME AND ADDRESSES OF CUSTODIAN OF INVENTORY
RECORDS
21 . Current Partners, Officers, Directors and Shareholders
None a. If the debtor is a partnership, list the nature and percentage of partnership interest of each member of the partnership .

NAME AND ADDRESS NATURE OF INTEREST PERCENTAGE OF INTEREST
None b. If the debtor is a corporation, list all officers and directors of the corporation, and each stockholder who directly or indirectly owns,
0 controls, or holds 5 percent or more of the voting or equity securities of the co1poration.
NAME AND ADDRESS TITLE
22 , Former partners, officers, directors and shareholders
NATURE AND PERCENTAGE
OF STOCK OWNERSHIP
None a. If the debtor is a partnership, list each member who withdrew from the partnership within one year immediately preceding the
commencement of this case.
NAME ADDRESS DATE OF WITHDRAWAL
None b. If the debtor is a corporation, list all officers, or directors whose relationship with the corporation terminated within one year
D immediately preceding the commencement of this case.
NAME AND ADDRESS TITLE DATE OF TERMINATION
7
Software Copyright {c) 199&-2010 Best Case Solutions. Inc, - Evanston. !l- www.bestcase.com Best Case Bankruptcy
:2:3 from Ql" by 1f. corpo;r2tion
None If the Q.ebtur is a partnership or ootporation:
1
list all withdrawWs OJ distributions credited or givo:n to 001 imider, including cQmpcnsation
D in any furm, bonuses,loan.s, stoc}c redernp1iQnG
1
options an,d any ofmrperquisite during one year immediately pt:eceding the
. \:omme:o.cemenj: of this ease.
NAME & ADDRESS
OF RECJflENT,
RELA TIONSHJP TO DEBTOR
See 23, attached.
24. T:a;i: Consolidation Group.
DATil AND PURPOSE
OF WITHDRAWAL
AMOUNT OF MONTY
OR DESCRIPTION AND
V AL1JE OF PROPERTY
No11e lfthe del;ltor ls a cmporation. list the name end federal JJ.l.,IU),ber of the part:nt corporation ofa:ny consolidated
D group f(lr tax purposes of whjcb the debtor has been a member at liD)' time v.ilbin $i,x years immediately preceding the oommen<:ement
oftbe Ct'.Se.
NI\.ME OF PARENT CORPORATION TAXI' A YERlDENTlFI('AT!ON NUMBeR (E!N)
Debtor is parent of the consolodated group for Federal til;K purposes.
None debtor is not an Jist the name and federal taxpayer-identification numlJerofa;oy pension fund tO vvhich the de1Jtor
1
a::5 an
Ill cJ;nployer, bas been responsible fur cooni\)utiog a.t anytime sb:. years immediately preceding thl;! ooromeocement of the c:e:se.
NAME Ot' PENSION FUND TAXPAYER IDNTIFICATION NUMBER (EIN)
llECLARA':fiON UNDER PENJ\LTY OF PERJURY ON JJJ;:!JALF OF CORPORA ')'JON OR PARTNERSIDP
1 declare under pen$lty of petjury that I have read the c<mtaio:ed in the fOregoing statement offinmcial affairs and any attachments thereto
and that they are trot: a(ld correct tO the Of my knGW1edge, infurm,ation and belief.
Pate SiSJ>ature .
7 Christine Doelp
President
(An individual signing on of a partnexship or corporation must indica1e positioo or relationship to debtor.]
Penalty jot' m.aldng a false statcm.&l'it! Fme of up to $500,0()1) or lm.prisonmentforMP IV) .5 years., or both. 18 U.S.C. 152 arr.d 357!
s
ClearPoint Business Resources
Statement of Financial Affairs
2 - Income other than from employment or operation of business
Year Year
Description of Income YTD 2010 2009 2008
Interest income 8,947 39,866 7,032
Derivative income 33,813
Gain on restructuring of debt 687,000
Gain on Sale of Asset (MDT Tek purchase
agreement) 4,671,858
Reduction of insurance payable to Sunz as a
result of litigation settlement Q 386,000 Q
4,680,805 425,866 727,845
C!earPo!nt Business Resources
38 Payments to Creditors
Dateot
payment Payee
4112/2010 CHK 1600 Manor Drive
3/26/2010 CHK AEROTEK,!NC.
4/9/2010 CHK AEROTEK,INC.
4/1612010 CHK AEROTEK,INC.
4/23/2010 CHK AEROTEK,INC.
4/2912010 CHK AEROTEK,INC.
4/16/2010 CHK Aetna
4/12/2010 CHK AICCO Inc.
Payee Address
clo BPG Management
CompanyLP.
7301 PARKWAY DRIVE
7301 PARKWAY DRIVE
7301 PARKWAY DRIVE
7301 PARKWAY DRIVE
7301 PARKWAY DRIVE
7301 PARKWAY DRIVE
7301 PARKWAY DRIVE
PO Box 88874
Payee
Address 2
770 Township
line Road
Suite 150
181
Payee
City
Yardley
Payee
State
PA
Hanover MD
Hanover MD
Hanover MD
Hanover MD
Hanover MD
Hanover MD
Hanover MD
Chicago IL
Alliance Global Services Washington Conshoho
4/12/2010 CHK LLC Six Tower Bridge Street Ste 350 cken PA
4/1/2010 CHK American Express P.O. Box 1270
411812010 CHK American Express P.O. Box 1270
4/29/2010 WDL American Express P.O. Box 1270
4/15/2010 CHK Asher & Company, LTD 1801 Market Street Suite 1700
4/26/2010 CHK Asher & Company, L TO 1801 Market Street Suite 1700
5121/2010 WDL Asher & Company, lTD 1801 Market Street Suite 1700
3/2612010 CHK Asher and Company LTD 1801 Market Street Suite 1700
3/2612010 CHK Asher and Company L TO 1801 Market Street Suite: 1700
4/1512010 CHK Asher and Company L TO 1801 Market Street Suite 1700
3126/2010 CHK ATEN SOLUTIONS, INC 2000 REGENCY PARKWAY SUITE 370
4/2/2010 CHK ATEN SOLUTIONS, INC 2000 REGENCY PARKWAY SUITE 370
4123/2010 CHK ATEN SOLUTIONS, INC 2000 REGENCY PARKWAY SUITE 370
4/29/2010 CHK ATEN SOLUTIONS, INC
ATLANTIC RESOUCES
3/26/2010 CHK GROUP, INC
ATLANTIC RESOUCES
4/2/2010 CHK GROUP, INC
ATLANTIC RESOUCES
4/912010 CHK GROUP, INC
2000 REGENCY PARKWAY SUITE 370
4880 COX ROAD SUITE 100
Newark NJ
Newark NJ
Newark NJ
Philadelph
ia PA
Philadelph
Ia PA
Philade!ph
ia PA
Philadelph
ia PA
Philadelph
ia PA
Philadelph
ia PA
ca, NC
Cary NC
NC
NC
NC
Cary NC
GlenA!!en VA
GlenAllen VA
Glen Allen VA
Check
Payee number Subtotal of
Z!p Code or wire Amount of Check payments
19607
21076
21076
21076
21076
21076
21076
19428
07101
07101
07101
19103
19103
19103
19103
19103
19103
27511
27511
27511
27511
27511
27511
23060
23060
23060
3516
3439
3475
3490
3519
3569
3593
3604
3532
3518
WIRE
PMT
4/10
WIRE
PMT
4/10
WDLOOO
001691
WIRE
PMT
4/15110
3592
4320
3467
3467
PO
FROM
EMGAT
E
WIRE
PMT
3441
3477
3492
3521
3571
3605
3440
3476
3491
$11,916.00 $11,916.00
$923.40
$5,655.78
$10,320.99
$5,606.14
$2,718.57
$6,139.68
$13,102.51 $44,467.07
$11,268.00
$10 833.34
$6,250.00 $6,250.00
$20,000.00
$20,079.36
$11,000.00 $51 ,()79.36
$21,506.00
$10,000.00
$10,000.00
$2,000.00
$2,000.00
$58,494.00 $104,000.00
$1,243.96
$1,109.48
$1,344.82
$2,092.96
$2,011.14
$4,887.71 $12,690.07
$3,459.90
$3,459.90
$6,919.80
ATLANTIC RESOUCES
4116/2010 CHK GROUP, INC 4880 COX ROAD SUITE 100 Glen Allen VA 23060 3520 $6,919.80
ATLANTIC RESOUCES
4/23/2010 CHK GROUP, INC 4880 COX ROAD SUITE 100 Glen Allen VA 23060 3570 $5,535.84
ATLANTIC RESOUCES
4/29/2010 CHK GROUP, INC 4880 COX ROAD SUITE 100 Glen Allen VA 23060 3594 $6,919.80 $33,215.04
Wllmingto
6/23/2010 CHK Bayard, P .A. 222 Delaware Avenue Suite 900
"
DE 19801 1677 $25,000.00 $25,000.00
Philadelph 19103-
3/26/2010 CHK Blank Rome LLP One Logan Square
;,
PA 6998 3471 $6 000.00 $6 000.00
West
Palm WDLOOO
5/3/2010 WDL COMVEST REPAY 525 Okeechobee Blvd Suite 1050 Beach FL 33401 001693 $72,011.68
West
Palm XFROOO
3/23/2010 COMVEST REPAY 525 Okeechobee Blvd Suite 1050 Beach FL 33401 001591 $69,370.97
West
Palm XFROOO
West
Palm XFROOO
3/26/2010 COMVEST REPAY 525 Okeechobee Blvd Suite 1050 Beach FL 33401 001597 $970.88
We"
Palm XFROOO
West
Palm XFROOO
West
Palm XFROOO
West
Palm XFROOO
West
Palm XFROOO
West
Palm XFROOO
West
Palm XFROOO
4/6/2010 COMVEST REPAY 525 Okeechobee Blvd Sulte 1050 Beach FL 33401 001623 $112,759.29
West
Palm XFROOO
West
Palm XFROOO
West
Palm XFROOO
West
Palm XFROOO
West
Palm XFROOO
West
Palm XFROOO
4/16/2010 COMVEST REPAY 525 Okeechobee Blvd Suite 1050 Beach FL . 33401 001650 $2,580.70
West
Palm XFROOO
4119/2010 COMVEST REPAY 525 Okeechobee Blvd Suite 1050 Beach FL 33401 001663 $17,278.00
West
Palm XFROOO
West
Palm XFROOO
West
Palm XFROOO
West
Palm XFROOO
West
Palm XFROOO
West
Palm XFROOO
5f7/2010 COMVEST REPAY 525 Okeechobee Blvd Suite 1050 Beach FL 33401 001743 $177,988.26
West
Palm XFROOO
5f7/2010 COMVEST REPAY 525 Okeechobee Blvd Sulle 1050 Beach FL 33401 001742 $177,988.26
West
Palm XFROOO
5/11/2010 COMVEST REPAY 525 Okeechobee Blvd Suite 1050 Beach Fl 33401 001712 $893.23
West
Palm XFROOO
West
Palm XFROOO
5/19/2010 COMVEST REPAY 525 Okeechobee Blvd Suite 1050 Beach FL 3340 I 001722 $20,663A7
West
Palm XFROOO
West
Palm XFROOO
West
Palm XFROOO
6/4/2010 COMVEST REPAY 525 Okeectubee Blvd Suite 1050 Beach FL 33401 001739 $21,016.44
West
Palm XFROOO
West
Palm XFROOO
West
Palm XFROOO
West
Palm XFROOO
6/9/2010 COM VEST REPAY 525 Okeechobee Blvd Suite 1050 Beach FL 33401 001753 $193,337.76
West
Palm XFROOO
West
Palm XFROOO
West
Palm XFROOO
West
Palm XFROOO
6/23/2010 COMVEST REPAY 525 Okeechobee Blvd Suite 1050 Beach FL 33401 001763 $17,901.41 $2,066,855.62
3/26/2010 CHK Data Group Inc 200 Middlesex Essex Tpke Suite 203 Iselin NJ 08830 3466 $20,271.00
4/9/2010 CHK 200 Middlesex Essex Tpke Suite 203 Iselin NJ 08830 3510 $14,996.00 $35,267.0{)
Richmond VA 23219 3528 $22,543.83
Richmond VA 23219 3612 $65,185.01
4/2912010 CHK 111 N 17TH STREET Richmond VA 23219 3613 $598.08 $154,434.80
POBOX
Employment Sacramento Area Collection 826203 MIG 72-Sacrament 94230-
51281201 0 CH K Development Cali Office 759 0 GA 6203 3645 $8 241.00
PO BOX
Employment Sacramento Area Collection 826203 MIC 72-Sacrament 94230
4/12/2010 CHK Development Cali Office 759 0 GA 6203 3515 $19,235.11
PO BOX
Employment Sacramento Area Collection 826203 M!C 72-Sacrament 94230
4/16/2010 CHK Development -Cali Office 759 0 GA 6203 3534 $5,764.89
PO BOX
Employment Sacramento Area Collection 826203 MIC 72-Sacrament 94230-
5n/2010 CHK Development -Cali Office 759 0 GA 6203 3631 $16,759.00
Employment
6/23/2010 CHK Development Cali
3/26/2010 CHK EXCLUSIVE STAFFING
Sacramento Area Collection
Office
411 EAST FRANKLIN
STREET
411 EAST FRANKLIN
412!2010 CHK EXCLUSIVE STAFFING STREET
411 EAST FRANKLIN
419/2010 CHK EXCLUSIVE STAFFING STREET
411 EAST FRANKLIN
4/16/2010 CHK EXCLUSIVE STAFFING STREET
411 EAST FRANKLIN
4/23/2010 CHK EXCLUSIVE STAFFING STREET
411 EAST FRANKLIN
411 EAST FRANKLIN
6/10/2010 CHK Gersten Savage, LLP
Hidden River Capital
4/19/2010 CHK LLC
4/23/2010 CHK lntersetver
5n12010 CHK lnterserver
6/23/2010 CHK lnterserver
6/23/2010 CHK John M Cunningham
5!3/2010 CHK Joseph P. Wynne
6/10/2010 CHK Joseph Wynne
3126/2010 CHK KELLY SERVICES
. 4/9/2010 CHK KELLY SERVICES
4/16/2010 CHK KELLY SERVICES
4/23/2010 CHK KELL YSERVICES
3126/2010 CHK
Kelly Services Richmond
The Philadelphia Building
110 Meadowlands Pkwy
3280 Old Carriage Drive
PO BOX 820405
PO BOX 820405
PO BOX 820405
PO BOX 820405
PO BOX 820405
4/2f2010 CHK VA PO Box 820405
Kelly Setvices Richmond
4/9/2010 CHK VA PO Box 820405
Kelly Services Richmond
4123/2010 CHK VA PO Box 820405
3/2612010 CHK KEY PERSONNEL, INC. 5540 Falmouth Street
4/212010 CHK KEY PERSONNEL, INC. 5540 Falmouth Street
4/9/2010 CHK KEY PERSONNEL, INC. 5540 Falmouth Street
4/23/2010 CHK KEY PERSONNEL, INC. 5540 Falmouth street
412912010 CHK KEY PERSONNEL, INC. 5540 Falmouth Street
4/29/2010 WDL MDT TEK
5/24/2010 CHK MDT TEK, LLC
POBOX
826203 M!C 72Sacrament
759 o CA
SUITE 501 Richmond VA
1315 Walnut
Street Suite Philadelph
1331 ia PA
Secaucus NJ
Secaucus NJ
Secaucus NJ
Easton PA
Easton fA
Easton PA
Easton PA
Phi!ade!ph
ia PA
Philadelph
ia PA
Philadelph
ia PA
Philadelph
ia PA
Philadelph
ia PA
Philadelph
ia PA
Philadelph
ia PA
SUITE tOO Richmond VA
94230-
6203
23219
23219
23219
23219
. 23219
23219
23219
19107
07094
07094
07094
18914
18914
18914
18914
19182
19182
19182
19182
19182
19182
0405
19182
0405
23230
23230
23230
23230
23230
23230
23230
ACH 001
3442
3478
3493
3522
3572
3595
3606
WIRE
001
WIRE
PAYME
NT4/19
3585
3624
1679
1678
3619
WIRE
002
W!REOO
5
1676
3443
3479
3494
3523
3573
3472
3509
3561
3444
3480
3495
3524
3574
3598
3608
WDLOOO
001689
3634
$25,000.00 $75 000.00
$13,273.57
$5,320.34
$5,403.20
$5,944.17
$5181.72
$4 975.34
$10,114.22 $50,212.56
$80,000.00 $80,000.00
$32,500.00 $32 500.00
$5,230.00
$5,230.00
$5,150.00 $15610.00
$10,000.00 $10,000.00
$15,300.00
$5,700.00
$7,550.00
$2,375.00 $30,925.00
$655.50
$7 665.28
$7,609.14
$4,147.51
$6,760.00
$6 487.79
$5,660.94
$13,398.27
$15,021.26 $109,400.47
$27,880.68
$21,902.93
$18,433.49
$22,467.54
$18,452.95
$11,991.44
$39,362.23 $160 491.26
$150,000.00
$678.20 $150,678.20
4/9/2010 CHK MMC Systems Inc
4/23/2010 CHK MMC Systems Inc
4129/2010 CHK MMC Systems Inc
mPower Software
3/26/2010 CHK Services LLC
mPower Software
4/212010 CHK Services LLC
mPower Software
4116/2010 CHK Services LLC
mPower Software
5/3/2010 CHK Services LLC
13800 Cooper MineRd
13800 Cooper MineRd
13800 Cooper MineRd
770 Newtown Road
770 Newtown Road
770 Newtown Road
770 Newtown Road
Suite #248
Suite#248
Suite#248
Suite 225
Suite 225
Suite 225
Suite 225
4/16/2010 CHK N-Square Solutions LLC 9415 Panther Creek Parkway #1616
4/23/20!0 CHK NSquare Solutions LLC 94 !5 Panther Creek Parkway #1616
4/29!2010 CHK N-Square Solutions LLC 9415 Panther Creek Parkway #!616
6/23/2010 CHK Omni Management Group
4/15/2010 CHK Parente Randolph LLC P.O. Box 13090
3/26/2010 WOL John Phillips 109 Forest Trail Or
4/212010 WOL John Phillips 109 Forest Trail Or
4/9/2010 WOL John Phillips 109 Forest Trail Dr
4/23/2010 WDL John Phillips 109 Fores\Trail Dr
4/30/2010 WDL John Ph\llips 109 Forest Trail Or
517/2010 WOL John Phillips 109 Forest Trail Dr
5114/2010 WDL John Phillips 109 Forest Trail Dr
5/21/2010 WDL John Phillips 109 Forest Trail Dr
5/2812010 WDL John Phillips 109 Forest Trail Dr
6/4/2010 WDL John Phillips 109 Foresj Trail Or
6/11/2010 WDL John Phillips 109 Forest Trail Dr
3/26/2010 WOL Raymond Little, Junior 8302 Avenel Blvd
4/212010 WDL Raymond little, Junior 8302 Avenel Blvd
4/9/2010 WOL Raymond little, Junior 8302 Avenel Blvd
4/16/20!0 WDL Raymond Litlle, Junior 8302 Avenel Blvd
4/23/2010 WDL Raymond little, Junior 8302 Avenel Blvd
517/2010 WOL Raymond little, Junior 8302 Avenel Blvd
5/21/2010 WDL Raymond Little, Junior 8302 Avenel Blvd
6/4/2010 WDL Raymond little, Junior 8302 Avenel Blvd
6/11/2010 WOL Raymond Little, Junior 8302 Avenel Blvd
6/1812010 WOL Raymond little, Junior 8302 Avenel Blvd
Herndon VA
Herndon VA
Herndon VA
Newtown FA
Newtown PA
Newtown FA
Newtown PA
Frisco TX
Frisco TX
Frisco TX
Newark NJ
lansdale PA
lansdale PA
Lansdale PA
lansdale PA
Lansdale PA
Lansdale PA
lansdale. PA
Lansdale PA
Lansdale PA
lansdale PA
lansdale PA
Lansdale PA
lansdale PA
NORTH
WALES PA
NORTH
WALES PA
NORTH
WALES PA
NORTH
WALES PA
NORTH
WALES PA
NORTH
WALES PA
NORTH
WALES PA
NORTH
WALES PA
NORTH
WALES PA
NORTH
WALES PA
NORTH
WALES PA
NORTH
WALES FA.
NORTH
WALES FA
20171
20171
20171
18940
18940
18940
18940
75035
75035
75035
3511
3590
3615
3470
3488
3535
3618
3541
3591
3616
1680
WIRE
PAYMA
07188- NT
0090 4/15110
WDLOOO
19446 000503
WDLOOO
19446 000504
WDLOOO
19446 000512
WDLOOO
19446 000513
WDLOOO
19446 000514
WDLOOO
19446 000516
WDLOOO
19446 000521
WDLOOO
19446 000522
WDLOOO
19446 000532
WOLOOO
19446 000533
WDLOOO
19446 000546
WDLOOO
19446 00054 7
WDLOOO
19446 000553
19454
19454
19454
19454
19454
WOLOOO
19454 000584
WOLOOO
19454 000593
WDLOOO
19454 000598
WDLOOO
194$4 000597
WDLOOO
19454 000604
WOLOOO
19454 00060 7
WOLOOO
19454 000608
WOLOOO
19454 000583
$23,068.80
$6,408.00
$8,010.00 $37 486.80
$10,000.00
$16,000.00
$12,000.00
$23 357.00 $61 357.00
$5,600.00
$13,492.50
$5 985.00 $25,077.50
$10,000.00 $10 000.00
$20 709.35 $20 709.35
$3,750.00
$3,750.00
$3,750.00
$3,750.00
$3,750.00
$3,750.00
$3,750.00
$3,750.00
$3,750.00
$3,750.00
$11,250.00
$3,750.00
$3,750.00 $56,250.00
$2,692.31
$2,692.31
$2,692.31
$2,692.31
$2,692.31
$2,692.31
$8,076.93
$2,692.31
$2,692.31
$2,692.31
$2,692.31
$2,692.31
$2,692.31 $40,384.65
3/26/2010 CHK PeopleShare
4/212010 CHK PeopleShare
419/2010 CHK PeopleShare
Premium Assignment
4119/2010 CHK Corporati
Premium Assignment
5/19/2010 CHK Corporati
Premium Assignment
6118/2010 CHK Corporali
4/1/2010 CHK Select staffing
3/26/2010 CHK Spherlon
4/212010 CHK Spherion
4/9/2010 CHK Spherion
3/26/2010 .CHK Staflmark
4/212010 CHK staffmark
4/9/2010 CHK Staffmark
4/16/2010 CHK Staffmark
4/23/2010 CHK Stalfmark
4/29/2010 CHK Staflmark
1566 Medical Drive
1566 Medical Drive
1566 Medical Drive
1566 Medical Drive
1566 Medical Drive
1566 Medical Drive
1566 Medical Drive
P.O.Box3066
P .0. Box 3066
P.O. Box 3066
3820 State Street
P.o. Box 100153
P.O. Box 100153
P.O. Box 100153
P.O. Box 100153
P.O. Box 100153
P.O. Box 100153
P.O. Box 100153
P.O. Box 100153
P.O. Box 100153
P.O. Box 100153
P.O, Box809185
P.O. Box809185
P.O. Box 809185
P.O.Box809185
P.O. Box809185
P.O. Box809185
4/29/2010 CHK Staffmark P.O, Box 809185
TRIMECH SERVICES,
4/212010 CHK LLC 4461 COX ROAD
TRIMECH SERVICES,
4/9/2010 CHK LLC 4461 COX ROAD
TRIMECH SERVICES,
TRIMECH SERVICES,
4123/2010CHK LLC 4461COXROAD
TRIMECH SERVICES,
4/29/2010 CHK LLC 4461 COX ROAD
TRIMECH SERVICES,
4/2/2010 CHK Whitman Associates Inc. 1712 J Street N.W.
4/9/2010 CHK Whitman Associates Inc. 17121 Street N.W.
4116/2010 CHK Whitman Associates Inc. 1712 J Street N.W.
4/2312010 CHK Whitman Associates Inc, 17121 Street N.W.
Suite 102 Pottstown PA
3522
Thomasville Ta!lahase
Road e FL
3522
Thomasville Tallahase
Road e FL
3522
Thomasville Tallahase
Road e FL
Santa
Barbara CA
Atlanta GA
Atlanta GA
Atlanta GA
Atlanta GA
Atlanta GA
Atlanta GA
Atlanta GA
Atlanta GA
Atlanta GA
Atlanta GA
Chicago IL
Chicago ll
Chicago lL
Chicago IL
Chicago IL
Chicago lL
Chicago IL
SUITE 302 Glen Allen VA
SUITE 302 GlenAllen VA
SUITE 302 GlenAllen VA
Washfn9to
Suite 200 o DC
Washin9to
Suite 200 o DC
Washingto
Suite 200 o DC
Washingto
Suite 200 DC
19464
19464
19464
19464
19464
19464
19464
32315
32315
32315
93105
30384
30384
30384
30384
30384
30384
30384
30384
30384
30384
60680
60680
60680
60680
60680
60680
60680
23060
23060
23060
23060
23060
23060
20006
20006
20006
20006
3445
3481
3496
3525
3575
3599
3609
3556
3633
WIREOO
4
13
3446
3473
3482
3497
3507
3526
3564
3576
3600
3610
3447
3483
3498
3527
3577
3601
3611
3485
3500
3529
3579
3602
3614
3486
3502
3530
3581
$30,150.93
$34012.57
$56,411.38
$27,938.13
$15,175.73
$21 587.12
$49,007.98 $234,283.84
$4,351.29
$4,351.29
$4,351.29 $13,053.87
$78,272.49 $78 272.49
$873.16
$7,298.59
$3,832.92
$1,631.26
$737.65
$5,075.43
$3 774.78
$6,144.96
$5,470.08
$20 060.90 $54,899.73
$9,696,14
$6,915.68
$11 531.73
$11,384.41
$8,981.38
$11,233.81
$46,38L87 $106,125.02
$1,075.86
$773.27
$2,724.71
$1,368,20
$1,075.86
$4,334.22 $11,352.12
$1,220.94
$266.47
$1,052.58
$1,531.02
Washingto
4/29/2010 CHK Whitman Associates Inc: 17121 Street N.W. Suite 200 n DC 20006 3603 $1,414.74 $5,485.75
$4,057,115.91 $4,057' 115.91
Schedule 3-C - Payments to Creditors
Date of
payment Payee Payee Address
4/29/2010 MDT TEK 85 Old Dublin Pike
5/24/2010 MDT TEK, LLC 85 Old Dublin Pike
6/26/2009 Michael Traina 2 Mercer Gate Drive
1 0/30/2009 Michael Traina 2 Mercer Gate Drive
2/5/201 0 Michael Traina 2 Mercer Gate Drive
Payee City
Downingtown
Downingtown
Doylestown
Doylestown
Doylestown
Doylestown
Doylestown
Doylestown
Doylestown
Doylestown
Doylestown
Doylestown
Doylestown
Doylestown
Doylestown
Doylestown
Doylestown
Doylestown
Doylestown
Doylestown
Doylestown
Doylestown
Doylestown
Doylestown
Doylestown
Doylestown
Doylestown
Doylestown
Doylestown
Doylestown
Doylesiown
Doylestown
Doylestown
Doylestown
Doylestown
Doylestown
Doylestown
Doylestown
Doylestown
Doylestown
Doylestown
Doylestown
Doylestown
Payee Payee Zip Check number or Amount of
State Code wire Check
PA 18901 WDL000001689 $150,000.00
PA 18901 3634 $678.20
PA 18901 payroll- direct deposit 5769.23
PA 18901 payroll -direct deposit 5769.23
4/9/2010 Michael Traina 2 Mercer Gate Drive Doylestown PA 18901 payroll- direct deposit 5769.23
4/16/2010 Michael Traina 2 Mercer Gate Drive Doylestown PA 18901 payroll- direct deposit 5769.23
4/23/2010 Michael Traina 2 Mercer Gate Drive Doylestown PA 18901 payroll -direct deposit 5769.23
6/26/2009 John Phillips 109 Forest Trail Dr Lansdale PA 19446 payroll - direct deposit 3,750.00
7/3/2009 John Phillips 109 Forest Trail Dr Lansdale PA 19446 payroll- direct deposit 3,750.00
7/1 0/2009 John Phillips 109 Forest Trail Dr Lansdale PA 19446 payroll -direct deposit 3,750.00
7/17/2009 John Phillips 109 Forest Trail Dr Lansdale PA 19446 payroll -direct deposit 3,750.00
8/14/2009 John Phillips 1 09 Forest Trail Dr Lansdale PA 19446 payroll - direct deposit 3,750.00
8/28/2009 John Phillips 109 ForestTrail Dr Lansdale PA 19446 payroll - direct deposit 3,750.00
1 0/9/2009 John Phillips 109 Forest Trail Dr Lansdale PA 19446 payroll - direct deposit 3,750.00
1 0/23/2009 John Phillips 1 09 Forest Trail Dr Lansdale PA 19446 payroll - direct deposit 3,750.00
1 0/30/2009 John Phillips 1 09 Forest Trail Dr Lansdale PA 19446 payroll - direct deposit 3,750.00
12/11/2009 John Phillips 1 09 Forest Trail Dr Lansdale PA 19446 payroll -direct deposit 3,750.00
4/16/2010 John Phillips 109 ForestTrail Dr Lansdale PA. 19446 payroll - direct deposit 3,750.00
5/14/2010 John Phillips 1 09 Forest Trail Dr Lansdale PA 19446 payroll -direct deposit 3,750.00
6/18/2010 John Phillips 109 Forest Trail Dr Lansdale PA 19446 payroll - direct deposit 3,750.QQ
$648,851.24
4 ~ List of suits and administrative proceedings with the last year
Captions of suit and case number Nature of proceeding Court or Agency and Location Status or Disposition
AlCCO Inc. VS ClearPoint Business Contract Dispute Court of Common Pleas of Consent Judgement entered against ClearPoint in
Resources, Inc Case No. 08-11757 Bucks County, Pennsylvania the amount of $195,338
Alliance Consulting Group As..o;;ociates , Contract Dio;;pute Court of Common Pleas of Settlement and confession of judgement entered
Inc VS ClearPoint Resources, Inc. Case No. Montgomery County, agaist ClearPoint in the amount of $300,000
08-10739 Pennsylvania
EDD- State of California VS Clear Point EDD Levy against Receivable from StaffChex. Settlement Reached- $15,000 open.
Re.o;;ources, Inc
Leon R. cobaugh vs. Clear Point Busine.o;;s Contract Dispute Circuit Court for the County of Pending
Resources, Inc., et al. Case no. Chesterfield, commonwealth of
041 CL08002433-00 Virginia
4 R List of suits and administrative with the last year
Blue Lake Rancheria VS Clear Point Action to recover on a Note Superior Court of California Pending
Business Re..c;ources, Michael Traina, County of Humboldt
Christopher Ferguson and DOES 1-10
Case No. DR090555
Temporary Service Insurance Ltd. (TSIL) Contract Dispute United State..c; District court Motion to Dismiss granted in ClearPoint's favor.
V S Michael J. O'Donnell; Joseph Middle District of Florida
Raymond, Jr; Kevin O'Donnell; ALS, Orlando Division
LLC; Advantage Services Group;, LLc;
Stratus Services Group, Inc.; US Temps,
Inc.; US Technical Consultants, Inc. and
ClearPoint Business Resources, Inc. Case
No S07-l A-l !AM
XL Specially Insurance Company (XL) VS Contract Dispute Supreme court of the State of Pending
ClearPoint Business Resources, Inc Index New York County of New York
No 115113-2008
Michael W. O'Donnell VS OearPoint Wage/contract Dispute Circuit court of the Ninth Pending
Business Resources, Inc. Cac;e No. 2009- Judicial Circuit in the State of
CA-3124 (40) Florida Orange County
National Union Fire Insurance (AIG) VS Workers Compensation Reimbursement Dispute Chief Administrator of the Court Demand for Arbitration made.
Mercer Ventures Inc and Clear Point of New York
BusinesS Resources Inc.
Allegiant Professional Business Services, Contract Dispute Superior Court of California, Dismissed without prejudice on March 15, 2010
Inc. VS ClearPoint Business Resource..c;, County of SanDiego, Central
Inc. Case No. 37-2009-00104270-CU-BC- Division
CIL
Jennifer Garcia. VS ClearPoint Business Tort action for personal injury. Superior Court of San Francisco, Pending
Re..c;ources Inc California
GE Capital Information Technology Contract/Lease Dispute Circuit court of the Ninth ClearPoint was reviewing the complaint
Solutions, Inc. VS ClearPoint Business Judicial Circuit in the State of
Resources Florida, Orange County
- -- -
I
4 - List of suits and administrative proceedings with the last year
Stefanie Harris v. ClearPoint Resources, Discrimination action Honolulu, Hawaii EEOC has propsed a conciliation agreement. No
Inc. EEOC Charge No: 348-2007-00036 response has been given.
!
Koosharem Corporation DBA Select Contract Dispute Superior Court of the State of On December 30, 2009 the complaint was i
Staffing V S ClearPoint Busine.<;s California County of Santa dismissed with prejudice by mutual agreement.
-
Inc. Barbara Anacapa Division I
ClearPoint Business Resources, Inc
Schedule 7-Gifts I charitable contributions
Name of Organization
Mary, Mother of the
Redeamer Catholic School
CHI Institute
CMI - Credit Mediators, Inc
Address of Organization
1325 Upper State Rd North
Wales, PA 19454
1991 Sproul Road, Broomall,
PA 19008
414 Sansom Street, Upper
Darby, PA 19082
Relationship
Date of Gift with Debtor
5/25/201 0 none
5/27/201 0 none
5/30/2010 none
Description and value
of gift
Various office supplies,
furniture and computer
equipment estimated at
$15,000 Would otherwise have been discarded
Various office supplies,
furniture and computer
equipment estimated at
$5,000 Would otherwise have been discarded
Copier estimated at
$500 Would otherwise have been discarded
9- Payments related to debt counseling or bankruptcy
Name of Payee Address of Payee
John M Cunningham 145 E. 57th Street
Bayard, P .A 222 Delaware Avenue
Omni Manageement Grou 1120 Avenue of the Americas
Gersten Savage, LLC 600 Lexington Avenue
Gersten Savage, LLC 600 Lexington Avenue
8th Floor
Suite 900
4th Floor
City
New York
Wilmington,
New York
New York
New York
State
NY
DE
NY
NY
NY
Zip Date Amount
1 0036 6/23/201 0 1 0,000
19801 6/23/201 0 25,000
1 0036 6/23/2010 1 0,000
10022 6/10/2010 80,000
10022 5/11/2010 40,000
10 Transfers
Name and Address of Transferee
MDT Tek, LLC 85 Old Dublin Pike
Doylestown, PA 18901
Relationship
to Debtor Date Property transferred
Former CEO
of Clear Point 4/23/201 0 iLabor Software
note receivable
Please see attached Asset Purchase Agreement
Value
Received
4,850,000
Current Assets Transferred Current Liabilities Transferred
Transfers of Receivables and Payables associated with the Asset Purchase Agreement with MDT Tek
Receivables
Client name
Able Body Labor
Leland
Media General
Spherion
Staffmark
Altria Phillip Morris
Total Receivables transferred to MDT Tek
Cash transferred
Transfer of prepayments related to future
tradeshows
Amount
35,455.69
133.44
26,964.12
17,218.00
5,792.54
324,023.87
409,587.66
150,000.00
31,810.00
Fixed Asset Transfer net of amortization to MDT Tek
Computer equipment 42,183.70
Computer software 32,640.1 0
Furniture and Fixtures 17,670.29
Leasehold improvements 5,369.60
Total Fixed Assets transferred 97,863.69
Intangible Asset transfer net of amortization to MDT Tek
Software 344,267.94
Restrictive Covenant 66,666.65
Total intangible assets transferred 410,934.59
Total Assets Transferred 1,100,195.94
Supplier payables
Supplier Name
Advance Employment
Atkinson Staffing of MA
Callos Companies OH
Employer Leasing of Greater Ny d/b/a Dist
Express Employment Professionals
Kelly Services Richmond VA
LP In-Store Services LLC
Mary L McDaniels & Associates Inc
QPS Companies
StaffChex CA
Staffmark OH
Spherion
Team Employment LLC
Total Employment and Management
Trojan Labor Marietta GA
Labor World of Iowa d/b/a USA Staffing
Labor Ready PA
Labor Ready PA
AEROTEK,INC.
ATEN SOLUTIONS, INC
EXCLUSIVE STAFFING
KELL V SERVICES
KEY PERSONNEL, INC.
PeopleShare
Select Staffing
Spherion
Staffmark
DESKTOP SERVICE CENTER TECHEAC
TRIMECH SERVICES, LLC
Whitman Associates Inc.
Total Supplier payables
Operating payables transferred
Leaf Financial ( Assignment of lease
related to servers
Total Operating payables transferred
Total Liabilities Transferred
Amount
1,826.28
104.00
199.29
4,379.19
182.84
19,668.30
135.00
3,537.59
313.88
106.76
996.80
5,847.36
5,403.88
162.00
14,449.23
3,052.35
432.00
2,716.00
21,658.12
8,910.09
21,553.68
59,979.82
122,966.73
98,637.27
56,662.20
67,578.40
67,757.15
65,006.73
24,968.44
7.093.08
686,284.46
60,857.00
60,857.00
747,141.46
13 Setoffs
Creditor Name Creditor Address
Select Staffing 3820 State Street
Select Staffing 3820 State Street
Concept 360 Exhibit 4030-A Skyron Drive
Creditor city
Santa Barbara
Santa Barbara
Doylestown
ThinkPhase invoice P.O. Box 4668 #71 on New York
MDT Tek (from APA) 85 Old Dublin Pike Doylestown
Creditor
State Creditor Zip Date of Setoff Amount
CA 93105 4/1/2010 78,272.49
CA 93105 5/1/2010 72,011.68
PA 18901 6/1/2010 2,738.00
NY 10163-4668 6/1/2010 7,325.00
PA 18901 6/1/2010 8,655.00
Total Setoffs 169,002.17
18-A Nature, Location and Name of Business
Name of Business
Allied Contract Services, LLC
ASG, LLC
C!earPoint Advantage, LLC
ClearPoint HRO
ClearPoint Managed Services, LLC
ClearPoint Resources
ClearPoint Workforce
Emgate Solutions, Group, LLC
Mercer Ventures, Inc
Staffbridge
Quantum Resources,
Terra Nova
Staffchex, Inc.
Inactive corporations
Mercer Ventures Inc- DE corporation
ASG,LLC
Location of Business
1600 Manor Drive- Chalfont PA 18914
2200 Lucien Drive - Maitland Florida
2200 Lucien Drive - Maitland Florida
1607 Manor Drive - Chalfont PA 18914
Ontario Canada- SPAC
1122 E. Lincoln Ave #118- Orange, CA 92865
Corporate FedeJ Nature of Business
38-3703237 Staffing
20-3150530 Staffing
20-8440567 Staffing
30-0429020 Consolidating company
20-8735506 Staffing
20-8315284 Staffing
20-2349869 Staffing
20-8735402 Staffing
26-0792595 Staffing
23-3064294 Staffing
04-3467338 Staffing
36-4217574 Staffing
98-0434371 Publicly traded SPAC
1600 Manor Drive - Chalfont PA 18914 - De c o ~ 20-44 76537
1600 Manor Drive- Chalfont PA 18914- Rl corp
inactive
inactive
Beginning Dates Ending Dates
4/7/2004 12/31/2007
2/14/2007 12/31/2007
2/14/2007 12/31/2007
2/14/2007
3/23/2007
1/25/2007
2/3/2005
3/23/2007
9/11/2007
1/1/2001
8/14/2006
7/29/2005
2/28/2008
12/31/2007
2/28/2008
6/23/2007
12/31/2007
12/31/2007
12/31/2007
3/9/2006 inactive
7/9/2007 inactive
19 Books, records and financial statements
A and accountants
Name Address
Guy Hey! 4170 Shade Tree Lane Lakeland FL
Christine Doelp 2636 Kirk Avenue Broomall PA
Gail FikewPrice 341 Thistle Lane J Perkasie PA
John G Phillips 109 Forest Trail Dr Lansdale PA
firm or individuals who audited books
Name
Lazar, Levine arid Felix
Asher and Company
Address
P.O. Box2138 MorristownNJ
Ten Penn Center 1801 Mark Philadelph PA
Dates Services Rendered
33812 February 2007 through June 2008
19008 December 2006 through Present
18944 September 2008 through April201
19448 June 2008 through May 201 0
07962-2138
19103
Dates Services Rendered
2004 through June 2009
June 2009 through April201 0
Parente Randolph {Merged with Lazar, Levine and Felix) in approximately December 2008
Individual at the time of commencement of theis case were in posession of books
Name Address
Christine Doelp 2636 Kirk Avenue Broomall PA 19008
D Listing of financial institutions, creditors and other parties to whom a financial statement was issued by the Debtor
ClearPoint Business Resources was a publicly traded corporation which filed all required documents with the SEC
21 -b- Current Partners, Officers, Directors and Shareholders owning more than 5%
Total number of shares outstanding 32,922,789
Name
Gary Jaggard
Christine Doelp
Title
Director
President
Officers and Directors
Shareholders Holding more than 5%
Name Address
Com Vest Capital Management LLC 525 Okeechobee Blvd., ~ W e s t Palm Be FL 33401
Michael Traina 2 Mercer Gate Drive Doylestown PA 18901
Optos Capital Partners, LLC 1866 Leith Suite 225 Hellertown PA 18055
Terranova Management Corp clo Vahan 2 Bloor StreetT oronto ON Canada M4W3E2
#of shares Nature and Percentage of Stock Ownership
18,670,825 56.71%
3,260,573 9.90%
2,361,313 7.17%
2,282,566 6.93%
ClearPoint Business Resources, Inc
Former partners, officers, directors and shareholders 1erminated within one year of commencement of case
Name
Michael D, Traina
John G, Phillips
Parker Drew
Dennis Cook
Brendan Calder
Harry Glasspiegel,
Vahan Kolo!ian
Michael Perrucci
Address
2 Mercer Gate Drive DoylestowtPA
109 Forest Trail Dr Lansdale PA
59 Woodlands Road Harrison NY
1601 Cherry St
121 Walker Avenue TORONTC ON
2735 N. Daytona StreeChicago IL
2BioorStWest TORONTCON
235 Frost Avenue Phillipsbun NJ
Title
18901 CEO and Chairman of the Board
19446 CFO
10528 Board member
19102 Board member
M4V 1 G5 Board member
60614 Board member
M4W 3E2 Board member
08865 Board member
Date of Termination
May-10
May-10
February-10
February-1 0
February-10
February-1 0
February-1 0
February-10
Schedule 23 -Withdrawals by a Partnership or distributions by a corporation
Payee Payee Zip Amount of
Payee Payee Address Payee City State Code Date of payment Check
MDTTEK 85 Old Dublin Pike Downingtown PA 18901 4/29/2010 $150,000.00
MDTTEK, LLC 85 Old Dublin Pike Downingtown PA 18901 5/24/2010 $678.20
Michael Traina 2 Mercer Gate Drive Doylestown PA 18901 6/26/2009 5769.23
Michael Traina 2 Mercer Gate Drive Doylestown PA 18901 4/2/20t 0 5769.23
Michael Traina 2 Mercer Gate Drive Doylestown PA t890t 4/9/2010 5769.23
Michael Traina 2 Mercer Gate Drive Doylestown PA t890t 4/16/2010 5769.23
John Phillips 109 ForestTrail Dr Lansdale PA 19446 6/26/2009 3,750.00
John Phillips 1 09 Forest Trail Dr Lansdale PA 19446 7/3/2009 3,750.00
John Phillips 1 09 ForestT rail Dr Lansdale PA 19446 7/24/2009 3,750.00
John Phillips 1 09 ForestTrail Dr Lansdale PA 19446 7/31/2009 3,750.00
John Phillips t 09 Forest Trail Dr Lansdale PA 19446 8/7/2009 3,750.00
John Phillips 1 09 Forest Trail Dr Lansdale PA t9446 8/21/2009 3,750.00
John Phillips 1 09 ForestTrail Dr Lansdale PA t9446 8/28/2009 3,750.00
John Phillips t 09 ForestTrail Dr Lansdale PA 19446 9/18/2009 3,750.00
John Phillips t 09 Forest Trail Dr Lansdale PA 19446 10/2/2009 3,750.00
John Phillips 1 09 Forest Trail Dr Lansdale PA t9446 1 O/t6/2009 3,750.00
John Phillips 1 09 ForestTrail Dr Lansdale PA t9446 t 0/23/2009 3,750.00
John Phillips t 09 ForestTrail Dr Lansdale PA t9446 t1/6/2009 3,750.00
John Phillips t 09 Forest Trail Dr Lansdale PA 19446 t1/13/2009 3,750.00
John Phillips t 09 Forest Trail Dr Lansdale PA 19446 t1/20/2009 3,750.00
John Phillips t 09 ForestTrail Dr Lansdale PA t9446 tt/27/2009 3,750.00
John Phillips 109 ForestTrail Dr Lansdale PA t9446 12/tt/2009 3,750.00
John Phillips t 09 ForestTrail Dr Lansdale PA t9446 t2/t8/2009 3,750.00
John Phillips t 09 Forest Trail Dr Lansdale PA 19446 1/1/20t 0 3,750.00
John Phillips t 09 Forest Trail Dr Lansdale PA t9446 t/8/201 0 3,750.00
John Phillips 1 09 ForestTrail Dr Lansdale PA t9446 t /t5/20t 0 3,750.00
John Phillips 1 09 Forest Trail Dr Lansdale PA t9446 1/22/20t0 3,750.00
John Phillips 1 09 Forest Trail Dr Lansdale PA t9446 1/29/20t 0 3,750.00
John Phillips t 09 Forest Trail Dr Lansdale PA t9446 2/5/2010 3,750.00
John Phillips t 09 Forest Trail Dr Lansdale PA t9446 2/t2/20t0 3,750.00
John Phillips t 09 Forest Trail Dr Lansdale PA t9446 2/t9/20t 0 3,750.00
John Phillips t 09 ForestTrail Dr Lansdale PA t9446 2/26/20t 0 3,750.00
John Phillips t 09 Forest Trail Dr Lansdale PA t9446 3/5/20t 0 3,750.00
John Phillips t 09 ForestTrail Dr Lansdale PA 19446 3/t2/201 0 3,750.00
John Phillips 1 09 ForestTrail Dr Lansdale PA t9446 4/9/20t 0 3,750.00
John Phillips 109 ForestTrail Dr Lansdale PA t9446 4/16/20t 0 3,750.00
John Phillips t 09 ForestTrail Dr Lansdale PA 19446 4/23/20t 0 3,750.00
John Phillips t 09 ForestTrail Dr Lansdale PA t9446 4/30/2010 3,750.00
John Phillips 1 09 ForestTrail Dr Lansdale PA t9446 4/t6/20t 0 3,750.00
John Phillips t 09 ForestT rail Dr Lansdale PA 19446 4/23/20t 0 3,750.00
John Phillips t 09 ForestTrail Dr Lansdale PA t9446 5/t4/20t 0 3,750.00
John Phillips 1 09 ForestTrail Dr Lansdale PA t9446 6/4/20t 0 3,750.00
John Phillips
John Phillips
1 09 Forest Trail Dr Lansdale
1 09 ForestTrail Dr Lansdale
PA
PA
19446
19446
6/11/2010 3,750.00
6/18/2010 3.750.00
$648,851.24

10000000980

Загружено:

Сведения о документе

Исходное описание:

Авторское право

Доступные форматы

Поделиться этим документом

Поделиться или встроить документ

Параметры публикации

Этот документ был вам полезен?

Это неприемлемый материал?

Авторское право:

Доступные форматы

10000000980

Загружено:

Авторское право:

Доступные форматы

B7 (Official Form 7) (04/1 0)

United States Bankruptcy Court

Вам также может понравиться