Date: June 11, 2015

Simonsen Bankruptcy Proceedings

Lead Bankruptcy Action:
In re Stuart Michael Simonsen
Case No. 14-60015-7
Subject Matter: Chapter 7 Petition for bankruptcy.
Status: Pending
Adversarial Proceedings in Bankruptcy Court:
BDS Quant Capital, LLC v. Stuart Michael Simonsen
Adv. No. 14-00008 (Code section 523 case)
Subject Matter: Complaint objecting to discharge of Debtors debt to BDS under
11 USC Section 523 (no discharge as to this debt).
Status: Complaint filed 3/18/14; Answer filed 4/16/14. Debtors Motion for
Summary Judgment denied by Order dated 11/18/14. Case suspended by Order
dated 3/4/15 pending outcome of 727 cases (objections to general discharge).
BDS Quant Capital, LLC et al v. Stuart Michael Simonsen
Adv. No. 14-00019 (Code section 727 case)
Subject Matter: Complaint objecting to general discharge of all of Debtors debts
under 11 USC Section 727 (revocation of general discharge)
Status: Complaint filed 6/30/14; Answer filed 7/31/14. Simonsen deposed May
14-15, 2015; Pre-Trial Motions due by 5/29/15; Pre-Trial Hearing on 6/23/15.
Lyle Vaden v. Stuart Michael Simonsen
Adv. No. 14-00020 (Code section 523 case)
Subject Matter: Complaint objecting to discharge of Debtors debt to Vaden
under 11 USC Section 523 (no discharge as to this debt)
Status: Complaint filed 7/1/14; Answer filed 7/31/14. Case suspended by Order
dated 3/4/15 pending outcome of 727 cases (objections to general discharge)..

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Kaga Investments S.A. et al v. Stuart Michael Simonsen

Adv. No. 14-00021 (Code section 523 case)
Subject Matter: Complaint objecting to discharge of Debtors debt to Kaga under
11 USC Section 523 (no discharge as to this debt).
Status: Complaint filed 7/1/14; Answer filed 8/14/14. Case suspended by Order
dated 1/9/15 pending outcome of 727 cases (objections to general discharge).. .
Frank DAmato v. Stuart Michael Simonsen
Adv. No. 14-00022 (Code section 523 case)
Subject Matter: Complaint objecting to discharge of Debtors debt to DAmato
under 11 USC Section 523 (no discharge as to this debt)
Status Complaint filed 7/14/14; Answer filed 8/13/14. Case suspended by Order
dated 1/9/15 pending outcome of 727 cases (objections to general discharge)..
Darcy Crum, Trustee v. Grizzly Peak, LP et al
Adv. No. 14-00025 (Asset Recovery case)
Subject Matter: Complaint seeking to recover assets from 3rd party alter egos of
Debtor under various theories of fraudulent transfer, avoidance, piercing the veil,
constructive trust, etc.
Status: Original Complaint filed 8/14/14; 1st Amended Complaint filed 01/12/15.
Defendants Motion to Dismiss filed 1/27/15; Motion denied 6/2/15, with leave to
Plaintiff to amend its complaint. Per scheduling order dated 6/1/15, discovery
deadline is 10/30/15. Pre-Trial scheduling conference on 10/31/15.
Darcy Crum, Trustee v. Stuart Michael Simonsen
Adv. No. 14-00028 (Code section 727 case)
Subject Matter: Complaint objecting to general discharge of all of Debtors debts
under 11 USC Section 727 (revocation of general discharge).
Status: Complaint filed 9/2/14; Answer filed 9/26/14. By Stipulation dated
2/13/15, approved by the Court 2/17/15, trustee agreed to dismiss the complaint
in exchange of $3,000 in costs. (Issue in the case was failure of the debtor to
file and turn over copies of his tax returns etc.)

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