Motion for Relief from Stay on behalf of Creditor CCMT Properties

IN THE UNITED STATES BANKRUPTCY COURT

FOR THE EASTERN DISTRICT OF TENNESSEE

AT KNOXVILLE

IN RE: )

)

AMERICAS ENERGY COMPANY )

f/d/b/a TREND TECHNOLOGY ) No. 3:11-bk-35466

CORPORATION, )

)

Debtor. )

MOTION OF CCMT PROPERTIES

FOR RELIEF FROM THE AUTOMATIC STAY

NOTICE OF HEARING

Notice is hereby given that:

A hearing will be held on January 26, 2012 at 10:00 o’clock a.m. in Bankruptcy Courtroom

1-C, Howard H. Baker, Jr. U.S. Courthouse, 800 Market Street, Knoxville, Tennessee

37902, on the following:

Motion of CCMT Properties For Relief From The Automatic Stay

If you do not want the Court to grant the relief requested, you or your attorney must

attend the hearing. If you do not attend the hearing, the Court may decide that you do not

oppose the relief sought in the motion and may enter an order granting that relief.

Pursuant to 11 U.S.C. §362(d)(1) and (2), CCMT Properties (“CCMT”) requests relief

from the automatic stay to permit it to enforce its Deed of Trust (as hereinafter defined). In

support of its motion, CCMT represents:

1. On May 10, 2010, CCMT Properties sold certain improved real property to the

Debtor for the sum of $975,000.00 and financed the full amount at the purchase price as

evidenced by a Promissory Note of the same date (the “Note”). A copy of the Note is attached

hereto as Exhibit A.

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2. To secure the payment of the Note, the Debtor executed a Deed of Trust dated

May 10, 2010, which is recorded in the Office of the Register of Deeds for Knox County,

Tennessee as Instrument No. 201005110070743 (the “Deed of Trust”). A copy of the Deed of

Trust is attached hereto as Exhibit B.

3. The Deed of Trust encumbers the Debtor’s real property, which is more

particularly described in the Deed of Trust (the “Property”). The value of the Property is

approximately $850,000 (See Schedule A).

4. The contract rate and the default rate of interest on the Note is 6%. A late charge

of 5% of overdue principal and interest applies to any payment under the Note which is not paid

by the end of fifteen calendar days after the date it is due.

5. As of December 7, 2011, the date of the Debtor’s petition, the principal balance

owed on the Note was $876,462.80; accrued but unpaid interest was in the amount of $8,356.41;

attorney’s fees were in the amount of 2,500.00; and late charges were in the amount of $698.52,

for a total amount due of $888,017.73 as of the petition date. From and after the petition date,

interest has accrued in the amount of $144.08 per day and late charges have accrued in the

amount of $349.26 per month on the 10th

of each month.

6. In addition to the amount owed under the Note, the debtor also owes Knox

County real property taxes in the amount of $8,239.03. The real property taxes constitute a lien

on the Property which is superior to CCMT’s lien.

7. Based upon the amount owed on the real property taxes and the Note, there is no

equity in the Property, and the Property is not necessary for an effective reorganization of the

debtor’s financial affairs.

WHEREFORE, because CCMT’s interest is not adequately protected, because there is no


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equity in the Property securing CCMT’s claim, and because the Property is not necessary for an

effective reorganization, CCMT requests modification of the automatic stay to permit it to

enforce its Deed of Trust in accordance with applicable state law. CCMT also requests the

waiver of the 14-day stay period provided for in Rule 4001(a)(3) of the Federal Rules of

Bankruptcy Procedure.

Respectfully submitted, this 23rd

day of December, 2011.

/s/ Lewis S. Howard, Jr.

Lewis S. Howard, Jr.

(BPR No. 11540)

Howard & Howard, P.C.

4820 Old Kingston Pike

Knoxville, Tennessee 37919

(865) 588-4091

[email protected]

Attorney for CCMT Properties

CERTIFICATE OF SERVICE

The undersigned hereby certifies that on December 23, 2011, the foregoing “Notice of

Hearing,” “Motion of CCMT for Relief From The Automatic Stay,” and proposed “Order

Granting Motion of CCMT Properties for Relief From The Automatic Stay” were filed

electronically and will be served electronically by operation of the Court’s electronic case filing

system on the United States Trustee and James R. Moore. Additionally, the foregoing document

has been served upon the following by mailing a copy thereof by first class mail, in envelopes

addressed as follows, this 23rd

day of December, 2011:

Thomas H. Dickenson, Esq.

P.O. Box 869

530 Gay Street

Knoxville, TN 37901

A-1 Porto John Rentals, Inc. Nelson Brothers, LLC

P.O. Box 357 P.O. Box 741131

Middlesboro, KY 40965 Atlanta, GA 30374-1131

Aramark Uniform Career Apparel The Scoville Firm

Aramark Market Center #542 Lockbox 105 North Main Street

24437 Network Place Loudon, KY 40741

Chicago, IL 60673


4

Bruce Bennett Agate, Inc.

Sheriff 1802 Buck Hollow Rd.

P.O. Box 448 New Market, TN 37820

Pineville, KY 40977

Cat Access Account Amanda Ehmann

P.O. Box 905 229 243 N. Peters Rd.

Charlotte, NC 28290 Knoxville, TN 37923

Energy and Environment Cabinet Andrew J. Barwicki

Dept. for Natural Resources 110 Wall Street, 11 Fl.

2 Hudson Hollow New York, NY 40935

Frankfort, KY 40601

Jeffrey D. Cox AY Enteprises

1015 B. Exeter Ave. 67 Possum Hollow Rd.

Middlesboro, KY 40965 Flat Lick, KY 40935

Kentucky Office of Surface Mining Barbara Evans

2675 Regency Rd. 1058 S. Hwy 25 E.

Lexington, KY 40503 Flat Lick, KY 40935

Logan Corporation Barbara K. Smallwood

P.O. Box 58 8104 Glenn Falls Court

Huntington, WV 25706-0058 Louisville, KY 40291

Mills Furniture & Appliance BC Security

P.O. Box 199 P.O. Box 427

Arjay, KY 40902 Fourmile, KY 40939

MSHA BizValPlus

US Dept. of Labor 23440 Hawthorne Blvd. No. 200

P.O. Box 790390 Torrance, CA 90505

Saint Louis, MO 63179

Ned Stewart Bledsoe County

P.O. Box 14 County Clerk

Artemus, KY 40903 P.O. Box 212

Pikeville, TN 37367

Brittany L. Joy DTC Financial Publishing

816 Le Clay Dr. 8255 Oak Ave.

Knoxville, TN 37923 Ben Lomond, CA 95005


5

Brooks Tire Service Engineering Consulting Service, Inc.

P.O. Box 96 340 S. Broadway, Ste. 200

Fourmile, KY 40939 Lexington, KY 40508

Carlos Maggard Furla Blue Spa

4946 Joe Peay Rd. Main Street

Spring Hill, TN 37174-2231 Charlestown, Nevis

Cawood & Johnson, PLLC G&M Oil Company, Inc.

P.O. Drawer 128 76 Old 25 E

Pineville, KY 40977-0128 Barbourville, KY 40906

CCMT Properties Hanhong Mineral Resources, LLC

7114 Ambassador Place 18375 Ventura Blvd., Ste. 783

Knoxville, TN 37918 Tarzana, CA 91356

Chester Franklin Hedonis Trading, Inc.

2394 Wildwood Rd. Trident Chambers

Maryville, TN 37804 P.O. Box 100 Road Town

Tortola, BVI

Chris Headrick

243 N. Peters Rd. Hersh Hayden

Knoxville, TN 37923 243 N. Peters Rd.

Knoxville, TN 37923

City of Knoxville

P.O. Box 15001 Highgrade Investments, Inc.

Knoxville, TN 37901-5001 28562 Oso Pkwy Unit D

Rancho Santa Margarita, CA 92688

Claiborne Farmers Co-op

P.O. Box 160 Hong Duan

New Tazewell, TN 37824-0160 18375 Ventura Blvd., #783

Tarzana, CA 91356

CLM (Bahamas) Ltd

Kingston Chambers IPFS Corporation

P.O. Box 173 Road Town P.O. Box 905 849

Tortola, BVI Charlotte, NC 28290-5849

Covol Fuels No. 3, LLC IRS

10653 S. Riverfront Parkway, Ste. 300 P.O. Box 7346

South Jordan, UT 84095 Philadelphia, PA 19101-7346

DA Lubricant Company, Inc. James Liu

P.O. Box 769 7526 Cottonwood Ln.

Lebanon, IN 46052 Pleasanton, CA 94588


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Dodson Pest Control Jeffrey H. Mackay

501 Dutch Valley Rd. 4871 Narrangansett Ave.

Knoxville, TN 37918 San Diego, CA 92107

Jeremy Collett Lance Investments

Rt. 7 Box 650 E. 53rd

St. Marbella

Pineville, KY 40977 Swiss Bank Bldg. F1 2

Panama City, Panama

John & Vivian Detherage

P.O. Box 336 MarketWire, Inc.

Artemus, KY 40903 Department 8025

Los Angeles, CA 90084-8025

John Gargis

243 N. Peters Rd. Maxam Appalachia, LLC

Knoxville, TN 37923 P.O. Box 57753

Salt Lake City, UT 84157-0753

John Hayes

243 N. Peters Rd. Muskateer Investments, Inc.

Knoxville, TN 37923 Main Street

Charlestown, Nevis

John W. Gargis

10611 Sandpiper Lane Nevada Agency and Transfer Co.

Knoxville, TN 37922 50 West Liberty Street, Ste. 880

Reno, NV 89501

Jonathon P. Reuben

23440 Hawthorne Blvd., Ste. 200 Personnel Concepts

Torrance, CA 90505 3200 East Guasti Rd., Ste. 300

Ontario, CA 91761

Kentucky Office of Surface Mining

2675 Regency Rd. Premium Financing Specialists Corp.

Lexington, KY 40503 P.O. Box 905849

Charlotte, NC 28290

Kish & Lietz, P.C.

225 Peachtree St., N.E. Prestige Processing

1700 South Tower, Peachtree Center c/o Martha Alexander

Atlanta, GA 30303 333 West Vine Street, Ste. 1400

Lexington, KY 40507

Knox County Trustee

P.O. Box 70 Quest Diagnostics

Knoxville, TN 37901 P.O. Box 740709

Atlanta, GA 30374-0709


7

Randy Gibson Security Services US SEC

300 Bell Jellico Mine Rd. Atlanta Dist. Office

Pineville, KY 40977 Ste. 100

3475 Lenox Rd. NE

Ron Scott Atlanta, GA 30326

243 N. Peters

Knoxville, TN 37923

Weaver & Martin

411 Valentine Rd., Ste. 300

SGS Citibank Kansas City, MO 64111

P.O. Box 2502 Carol Stream

Franklin Park, IL 60131-2502 Windstream

P.O. Box 9001908

Standard Laboratories, Inc. Louisville, KY 40290-1908

147 Eleventh Ave., Ste. 100

South Charleston, WV 25303 Wm Hammons and Patricia Powel

P.O. Box 170

Tennessee Attorney General’s Office Flat Lick, KY 40935

Bankruptcy Unit

426 5th

Avenue, 2nd

Floor WST, Inc.

Nashville, TN 37242-0489 6001 Wagram Way

Louisville, KY 40222

The Combs Group, Inc.

P.O. Box 199

Harrogate, TN 37752

Tri-Star Real Estate, LLC

1008 Eagle Lake Dr.

Lawrenceburg, KY 40342

United Healthcare Plan River Valley

P.O. Box 88832

Chicago, IL 60695-1832

United States Attorney

Howard H. Baker, Jr., U.S. Courthouse

800 Market Street, Suite 211

Knoxville, TN 37902

US Cellular

P.O. Box 371345

Pittsburgh, PA 15250-7345

/s/ Lewis S. Howard, Jr.



Case 3:11-bk-35466 Doc 51-1 Filed 12/23/11 Entered 12/23/11 10:52:40 Desc Exhibit A Page 1 of 2

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Case 3:11-bk-35466 Doc 51-2 Filed 12/23/11 Entered 12/23/11 10:52:40 Desc Exhibit B Page 1 of 5





IN THE UNITED STATES BANKRUPTCY COURT

FOR THE EASTERN DISTRICT OF TENNESSEE

AT KNOXVILLE

IN RE: )

)

AMERICAS ENERGY COMPANY )

f/d/b/a TREND TECHNOLOGY ) No. 3:11-bk-35466

CORPORATION, )

)

Debtor. )

ORDER GRANTING MOTION OF CCMT PROPERTIES

FOR RELIEF FROM THE AUTOMATIC STAY

CCMT Properties filed its Motion for Relief From The Automatic Stay (the “Motion”)

and supporting exhibits.

The Court finds and determines that the debtor does not have equity in the property

which secures the movant’s debt and that such property is not necessary for reorganization.

Accordingly, the Motion is well taken, and it is GRANTED.

Case 3:11-bk-35466 Doc 51-3 Filed 12/23/11 Entered 12/23/11 10:52:40 Desc Proposed Order Page 1 of 2

APPROVED FOR ENTRY:

/s/ Lewis S. Howard, Jr.__________


(BPR No.11540)

Howard & Howard, P.C.

Knoxville, Tennessee 37919

(865) 588-4091

[email protected]

Attorney for CCMT Properties

###

Case 3:11-bk-35466 Doc 51-3 Filed 12/23/11 Entered 12/23/11 10:52:40 Desc Proposed Order Page 2 of 2

mailto:[email protected]

Documents

Motion for Relief from Stay on behalf of Creditor CCMT Properties