Case 8:16-bk-15171-CB Doc 1 Filed 12/22/16 Entered 12/22/16 15:47:51 Main Document Page 1 of 10 Desc Fill in this information to identify your case: United States Bankruptcy Court for the: CENTRAL DISTRICT OF CALIFORNIA Chapter Case number (if known) 11  Check if this an amended filing Official Form 201 Voluntary Petition for Non-Individuals Filing for Bankruptcy 4/16 If more space is needed, attach a separate sheet to this form. On the top of any additional pages, write the debtor's name and case number (if known). For more information, a separate document, Instructions for Bankruptcy Forms for Non-Individuals, is available. 1. Debtor's name 2. All other names debtor used in the last 8 years 1550 Blue Jay Way, LLC, a Delaware, Limited Liability Company Include any assumed names, trade names and doing business as names 3. Debtor's federal Employer Identification Number (EIN) 47-4190276 4. Debtor's address Principal place of business Mailing address, if different from principal place of business 3991 MacArthur Blvd. Suite 125 Newport Beach, CA 92660 Number, Street, City, State & ZIP Code P.O. Box, Number, Street, City, State & ZIP Code Orange Location of principal assets, if different from principal place of business County 1550 Bluejay Way, West Hollywood, CA 90069 Number, Street, City, State & ZIP Code 5. Debtor's website (URL) 6. Type of debtor  Corporation (including Limited Liability Company (LLC) and Limited Liability Partnership (LLP))  Partnership (excluding LLP)  Other. Specify: Official Form 201 Voluntary Petition for Non-Individuals Filing for Bankruptcy page 1 Case 8:16-bk-15171-CB Debtor Doc 1 Filed 12/22/16 Entered 12/22/16 15:47:51 Main Document Page 2Case of 10 number (if known) Desc 1550 Blue Jay Way, LLC, a Delaware, Limited Liability Company Name 7. Describe debtor's business A. Check one:        Health Care Business (as defined in 11 U.S.C. § 101(27A)) Single Asset Real Estate (as defined in 11 U.S.C. § 101(51B)) Railroad (as defined in 11 U.S.C. § 101(44)) Stockbroker (as defined in 11 U.S.C. § 101(53A)) Commodity Broker (as defined in 11 U.S.C. § 101(6)) Clearing Bank (as defined in 11 U.S.C. § 781(3)) None of the above B. Check all that apply  Tax-exempt entity (as described in 26 U.S.C. §501)  Investment company, including hedge fund or pooled investment vehicle (as defined in 15 U.S.C. §80a-3)  Investment advisor (as defined in 15 U.S.C. §80b-2(a)(11)) C. NAICS (North American Industry Classification System) 4-digit code that best describes debtor. See http://www.uscourts.gov/four-digit-national-association-naics-codes. 8. Under which chapter of the Bankruptcy Code is the debtor filing? Check one:  Chapter 7  Chapter 9  Chapter 11. Check all that apply:  Debtor's aggregate noncontingent liquidated debts (excluding debts owed to insiders or affiliates) are less than $2,566,050 (amount subject to adjustment on 4/01/19 and every 3 years after that).  The debtor is a small business debtor as defined in 11 U.S.C. § 101(51D). If the debtor is a small business debtor, attach the most recent balance sheet, statement of operations, cash-flow statement, and federal income tax return or if all of these documents do not exist, follow the procedure in 11 U.S.C. § 1116(1)(B).  A plan is being filed with this petition.  Acceptances of the plan were solicited prepetition from one or more classes of creditors, in accordance with 11 U.S.C. § 1126(b).  The debtor is required to file periodic reports (for example, 10K and 10Q) with the Securities and Exchange Commission according to § 13 or 15(d) of the Securities Exchange Act of 1934. File the attachment to Voluntary Petition for Non-Individuals Filing for Bankruptcy under Chapter 11 (Official Form 201A) with this form.  The debtor is a shell company as defined in the Securities Exchange Act of 1934 Rule 12b-2.  Chapter 12 9. Were prior bankruptcy cases filed by or against the debtor within the last 8 years?  No.  Yes. If more than 2 cases, attach a separate list. 10. Are any bankruptcy cases pending or being filed by a business partner or an affiliate of the debtor? List all cases. If more than 1, attach a separate list District When Case number District When Case number  No  Yes. Debtor District Official Form 201 SEE ATTACHMENT Relationship When Voluntary Petition for Non-Individuals Filing for Bankruptcy Case number, if known page 2 Case 8:16-bk-15171-CB Debtor Doc 1 Filed 12/22/16 Entered 12/22/16 15:47:51 Main Document Page 3Case of 10 number (if known) Desc 1550 Blue Jay Way, LLC, a Delaware, Limited Liability Company Name 11. Why is the case filed in this district? Check all that apply:   12. Does the debtor own or have possession of any real property or personal property that needs immediate attention? Debtor has had its domicile, principal place of business, or principal assets in this district for 180 days immediately preceding the date of this petition or for a longer part of such 180 days than in any other district. A bankruptcy case concerning debtor's affiliate, general partner, or partnership is pending in this district.  No  Yes. Answer below for each property that needs immediate attention. Attach additional sheets if needed. Why does the property need immediate attention? (Check all that apply.)  It poses or is alleged to pose a threat of imminent and identifiable hazard to public health or safety. What is the hazard?  It needs to be physically secured or protected from the weather.  It includes perishable goods or assets that could quickly deteriorate or lose value without attention (for example, livestock, seasonal goods, meat, dairy, produce, or securities-related assets or other options).  Other Where is the property? Number, Street, City, State & ZIP Code Is the property insured?  No  Yes. Insurance agency Contact name Phone Statistical and administrative information 13. Debtor's estimation of available funds . Check one:  Funds will be available for distribution to unsecured creditors.  After any administrative expenses are paid, no funds will be available to unsecured creditors.  1,000-5,000  5001-10,000  10,001-25,000  25,001-50,000  50,001-100,000  More than100,000  $0 - $50,000  $50,001 - $100,000  $100,001 - $500,000  $500,001 - $1 million  $1,000,001 - $10 million  $500,000,001 - $1 billion  $1,000,000,001 - $10 billion  $10,000,000,001 - $50 billion  More than $50 billion  $0 - $50,000  $50,001 - $100,000  $100,001 - $500,000  $500,001 - $1 million  $1,000,001 - $10 million 14. Estimated number of creditors  1-49 15. Estimated Assets 16. Estimated liabilities Official Form 201  50-99  100-199  200-999  $10,000,001 - $50 million  $50,000,001 - $100 million  $100,000,001 - $500 million  $10,000,001 - $50 million  $50,000,001 - $100 million  $100,000,001 - $500 million Voluntary Petition for Non-Individuals Filing for Bankruptcy  $500,000,001 - $1 billion  $1,000,000,001 - $10 billion  $10,000,000,001 - $50 billion  More than $50 billion page 3 Case 8:16-bk-15171-CB Debtor Doc 1 Filed 12/22/16 Entered 12/22/16 15:47:51 Main Document Page 4Case of 10 number (if known) Desc 1550 Blue Jay Way, LLC, a Delaware, Limited Liability Company Name Request for Relief, Declaration, and Signatures WARNING -- Bankruptcy fraud is a serious crime. Making a false statement in connection with a bankruptcy case can result in fines up to $500,000 or imprisonment for up to 20 years, or both. 18 U.S.C. §§ 152, 1341, 1519, and 3571. 17. Declaration and signature of authorized representative of debtor The debtor requests relief in accordance with the chapter of title 11, United States Code, specified in this petition. I have been authorized to file this petition on behalf of the debtor. I have examined the information in this petition and have a reasonable belief that the information is trued and correct. I declare under penalty of perjury that the foregoing is true and correct. Executed on December 22, 2016 MM / DD / YYYY X /s/ Jeffrey Yohai Jeffrey Yohai Signature of authorized representative of debtor Printed name Title 18. Signature of attorney X Managing Member /s/ Marc C. Forsythe Date December 22, 2016 MM / DD / YYYY Signature of attorney for debtor Marc C. Forsythe Printed name GOE & FORSYTHE, LLP Firm name 18101 Von Karman Avenue Suite 1200 Irvine, CA 92612-7127 Number, Street, City, State & ZIP Code Contact phone (949) 798-2460 Email address 153854 Bar number and State Official Form 201 Voluntary Petition for Non-Individuals Filing for Bankruptcy page 4 Case 8:16-bk-15171-CB Doc 1 Filed 12/22/16 Entered 12/22/16 15:47:51 Main Document Page 5 of 10 1550 Blue Jay Way, LLC – related bankrupty Petitions to be filed Debtor: 779 Stradella, LLC, a Delaware limited liability company Relationship: common ownership District: Date filed: 12/21/2016 Central District of California, Santa Ana Division Case Number: 8:16-bk-15156-CB Debtor: Mt. Yohai, LLC, a Delaware limited liability company Relationship: common ownership District: Date filed: 12/21/2016 Central District of California, Santa Ana Division Case Number: 8:16-bk-15157-CB Debtor: 2401 Nottingham, LLC, a California limited liability company Relationship: common ownership District: Date to be filed: 12/30/2016 Central District of California, Santa Ana Division Case Number: Unknown Desc Case 8:16-bk-15171-CB Doc 1 Filed 12/22/16 Entered 12/22/16 15:47:51 Main Document Page 6 of 10 Fill in this information to identify the case: Debtor name 1550 Blue Jay Way, LLC, a Delaware, Limited Liability Company United States Bankruptcy Court for the: CENTRAL DISTRICT OF CALIFORNIA Case number (if known): Desc Check if this is an amended filing Official Form 204 Chapter 11 or Chapter 9 Cases: List of Creditors Who Have the 20 Largest Unsecured Claims and Are Not Insiders 12/15 A list of creditors holding the 20 largest unsecured claims must be filed in a Chapter 11 or Chapter 9 case. Include claims which the debtor disputes. Do not include claims by any person or entity who is an insider, as defined in 11 U.S.C. § 101(31). Also, do not include claims by secured creditors, unless the unsecured claim resulting from inadequate collateral value places the creditor among the holders of the 20 largest unsecured claims. Name of creditor and Name, telephone number Nature of claim complete mailing address, and email address of (for example, trade including zip code creditor contact debts, bank loans, professional services, and government contracts) Crest Real Estate, LLC 11150 W. Olympic Blvd., Suite 700 Los Angeles, CA 90064 Feffer Geological Consulting 1990 S Bundy Dr # 400 Los Angeles, CA 90025 James West Roofing & Waterproofing 1742 Grand Avenue Suite 6 Long Beach, CA 90804 Monterey Energy Group, Inc. 26465 Carmel Rancho Blvd. Suite 8 Carmel Carmel, CA 93923 Parker Resnick 1927 Pontius Avenue Los Angeles, CA 90025 Peak Surveys, Inc. 2488 Townsgate Road Suite D Westlake Village, CA 91361-2898 Official form 204 Indicate if claim is contingent, unliquidated, or disputed Amount of claim If the claim is fully unsecured, fill in only unsecured claim amount. If claim is partially secured, fill in total claim amount and deduction for value of collateral or setoff to calculate unsecured claim. Total claim, if Deduction for value Unsecured claim partially secured of collateral or setoff $32,145.82 $5,795.99 $400.00 $8,138.09 Mechanic's Lien $12,000.00 $4,241.89 Chapter 11 or Chapter 9 Cases: List of Creditors Who Have the 20 Largest Unsecured claims Software Copyright (c) 1996-2016 Best Case, LLC - www.bestcase.com page 1 Best Case Bankruptcy Case 8:16-bk-15171-CB Debtor Doc 1 Filed 12/22/16 Entered 12/22/16 15:47:51 Main Document Page 7 of 10 Desc Case number (if known) 1550 Blue Jay Way, LLC, a Delaware, Limited Liability Company Name Name of creditor and Name, telephone number Nature of claim complete mailing address, and email address of (for example, trade including zip code creditor contact debts, bank loans, professional services, and government contracts) Indicate if claim is contingent, unliquidated, or disputed Amount of claim If the claim is fully unsecured, fill in only unsecured claim amount. If claim is partially secured, fill in total claim amount and deduction for value of collateral or setoff to calculate unsecured claim. Total claim, if Deduction for value Unsecured claim partially secured of collateral or setoff Questar Pools and Spas 600 S Andreasen Drive Suite C Escondido, CA 92029-1337 Steve Opdahl Surveying 187 E Wilbur Road Suite 4 Thousand Oaks, CA 91360 Vantage Design Group 2634 S La Cienega Blvd Los Angeles, CA 90034 Official form 204 $6,400.00 $5,100.00 $60,692.49 Chapter 11 or Chapter 9 Cases: List of Creditors Who Have the 20 Largest Unsecured claims Software Copyright (c) 1996-2016 Best Case, LLC - www.bestcase.com page 2 Best Case Bankruptcy Case 8:16-bk-15171-CB Doc 1 Filed 12/22/16 Entered 12/22/16 15:47:51 Main Document Page 8 of 10 Desc Fill in this information to identify the case: Debtor name 1550 Blue Jay Way, LLC, a Delaware, Limited Liability Company United States Bankruptcy Court for the: CENTRAL DISTRICT OF CALIFORNIA Case number (if known)  Check if this is an amended filing Official Form 202 Declaration Under Penalty of Perjury for Non-Individual Debtors 12/15 An individual who is authorized to act on behalf of a non-individual debtor, such as a corporation or partnership, must sign and submit this form for the schedules of assets and liabilities, any other document that requires a declaration that is not included in the document, and any amendments of those documents. This form must state the individual’s position or relationship to the debtor, the identity of the document, and the date. Bankruptcy Rules 1008 and 9011. WARNING -- Bankruptcy fraud is a serious crime. Making a false statement, concealing property, or obtaining money or property by fraud in connection with a bankruptcy case can result in fines up to $500,000 or imprisonment for up to 20 years, or both. 18 U.S.C. §§ 152, 1341, 1519, and 3571. Declaration and signature I am the president, another officer, or an authorized agent of the corporation; a member or an authorized agent of the partnership; or another individual serving as a representative of the debtor in this case. I have examined the information in the documents checked below and I have a reasonable belief that the information is true and correct:          Schedule A/B: Assets–Real and Personal Property (Official Form 206A/B) Schedule D: Creditors Who Have Claims Secured by Property (Official Form 206D) Schedule E/F: Creditors Who Have Unsecured Claims (Official Form 206E/F) Schedule G: Executory Contracts and Unexpired Leases (Official Form 206G) Schedule H: Codebtors (Official Form 206H) Summary of Assets and Liabilities for Non-Individuals (Official Form 206Sum) Amended Schedule Chapter 11 or Chapter 9 Cases: List of Creditors Who Have the 20 Largest Unsecured Claims and Are Not Insiders (Official Form 204) Other document that requires a declaration I declare under penalty of perjury that the foregoing is true and correct. Executed on X /s/ Jeffrey Yohai Signature of individual signing on behalf of debtor December 22, 2016 Jeffrey Yohai Printed name Managing Member Position or relationship to debtor Official Form 202 Declaration Under Penalty of Perjury for Non-Individual Debtors Software Copyright (c) 1996-2016 Best Case, LLC - www.bestcase.com Best Case Bankruptcy Case 8:16-bk-15171-CB Doc 1 Filed 12/22/16 Entered 12/22/16 15:47:51 Main Document Page 9 of 10 Desc } b k 1 { C r e d i t o A s M a x 1550 Blue Jay Way, LLC, a Delaware, Limited Liability Com 3991 MacArthur Blvd. Suite 125 Newport Beach, CA 92660 Marc C. Forsythe GOE & FORSYTHE, LLP 18101 Von Karman Avenue Suite 1200 Irvine, CA 92612-7127 California TD Specialists 8190 East Kaiser Road Anaheim, CA 92808 Crest Real Estate, LLC 11150 W. Olympic Blvd., Suite 700 Los Angeles, CA 90064 DJ Blue Jay Way, LLC c/o The Management Group 8383 Wilshire Blvd. #400 Beverly Hills, CA 90211 Feffer Geological Consulting 1990 S Bundy Dr # 400 Los Angeles, CA 90025 Genesis Capital Master Fund III LLC Attn: Yvonne Gruenberg 21650 Oxnard Street Suite 1700 Woodland Hills, CA 91367 James West Roofing & Waterproofing 1742 Grand Avenue Suite 6 Long Beach, CA 90804 Case 8:16-bk-15171-CB Doc 1 Filed 12/22/16 Entered 12/22/16 15:47:51 Main Document Page 10 of 10 Los Angeles County Tax Collector PO Box 54018 Los Angeles, CA 90054-0018 Monterey Energy Group, Inc. 26465 Carmel Rancho Blvd. Suite 8 Carmel Carmel, CA 93923 Parker Resnick 1927 Pontius Avenue Los Angeles, CA 90025 Peak Surveys, Inc. 2488 Townsgate Road Suite D Westlake Village, CA 91361-2898 Questar Pools and Spas 600 S Andreasen Drive Suite C Escondido, CA 92029-1337 RS Lending, Inc. 501 Second Street Suite 700 San Francisco, CA 94107 Steve Opdahl Surveying 187 E Wilbur Road Suite 4 Thousand Oaks, CA 91360 Vantage Design Group 2634 S La Cienega Blvd Los Angeles, CA 90034 Desc