Transactions by BANK OF AMERICA CORP (NCB) in the last 6 months

The Heat Factory, Inc. filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of California on June 12, 2013. The debtor listed its assets in the range of $1 million to $10 million and liabilities in the range of $10 million to $50 million. The largest unsecured creditors include Bank of America Corporation, Federal Express Corporation (US), Mycoal Corporation, Uni-World Corporation, Totai America, Inc., ... Osio International, Inc., YRC Freight Inc., Racks Inc., Techflex Packaging, LLC and Quad-C Funding LLC. The debtor is represented by Dolores Contreras of Boyd Contreras, APC as its legal counsels.
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Tucker Capital, Inc. filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Oregon on June 10, 2013. The debtor listed its assets in the range of $1 million to $10 million and liabilities in the range of $10 million to $50 million. The largest unsecured creditors include Bank of America Corporation, Zions First National Bank (Salt Lake City, UT), Unified Solutions Group LLC and North American Van Lines, Inc. The ... debtor is represented by Jason M Ayres and Tara J Schleicher of Farleigh Wada Witt as its legal counsels.
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J W Electric, Inc. filed a voluntary petition for liquidation under Chapter 7 in the U.S. Bankruptcy Court for the Northern District of Texas on June 5, 2013. The debtor listed its assets of $21.86 million and liabilities of $1.49 million. The largest unsecured creditors include American Express Company, Bank of America Corporation, Crawford Electric Supply Company Ltd. and Elliott Electric Supply, Inc. The debtor is represented by Shawn Kevin Brown of The Law Office ... of Shawn K. Brown PC as its legal counsels.
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BH Investment & Management, Inc. filed a voluntary petition for liquidation under Chapter 7 in the US Bankruptcy Court for the Central District Of California on May 24, 2013. The debtor listed its assets of $13.61 million and liabilities of $39.01 million. The largest unsecured creditors include Aurora Loan Services, LLC, Bank of America Corporation, CitiMortgage, Inc., GMAC Mortgage Asset Management, Inc., OneWest Bank, FSB, PNC Bank, National Association, Select Portfolio ... Servicing, Inc., Union Bank, N.A., US Bank, NA and Wells Fargo Bank, National Association. Timothy Yoo of Levene Neale Bender Yoo & Brill LLP acted as case trustee.
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The Golf Club of Kansas LLC filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Kansas on April 26, 2013. The debtor listed its assets in the range of $1 million to $10 million and liabilities in the range of $10 million to $50 million. The largest unsecured creditors include Valley Bank, Topeka Sod Farm, Schlagel & Associates PA, MTI Distributing, Inc., McAnany Construction, Inc., Hughes & Company, Inc., E-Z ... GO, Inc., Corefirst Bank & Trust and Bank of America Corporation. The debtor is represented by Erlene W. Krigel of Krigel & Krigel, P.C. as its legal counsels.
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The SCOOTER Store, Ltd., along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Delaware on April 15, 2013. The affiliates include The Scooter Store Aviation L.L.C., TSS Management Company, Inc. and TSS Investments, Inc. The debtor listed its assets of $2.52 million and liabilities of $92.43 million. The largest unsecured creditors include Centers for Medicare & Medicaid Services, Pride ... Mobility Products Corporation, Shoprider Mobility Products, Inc., A. Eicoff & Company, Inc., Bank of America Corporation, Harmar Mobility, LLC, Sunrise Medical, Inc., Microsoft Licensing, GP, American Express Company and GoLocal Inc. The debtor is represented by Robert S. Brady, Kenneth J. Enos and Andrew L Magaziner of Young Conaway Stargatt & Taylor, LLP as its legal counsels. Jennifer M. Meyerowitz of Epiq Bankruptcy Solutions, LLC is appointed as claims and noticing agent to the debtor for the retainer of $25,000 and an hourly rate of $195. Patrick D. Fleming and Neil E. Herman Morgan, Lewis & Bockius LLP acted as legal advisor for the debtor. Epiq Bankruptcy Solutions, LLC acted as administrative advisor and charged at $290 per hour. Morgan Joseph Triartisan LLC acted as financial advisor for the Debtor. Fulbright & Jaworski L.L.P acted as legal advisor for the debtor. Jeffrey L. Cohen and Cathy Hershcopf of Cooley LLP acted as legal advisor for the Official committee of unsecured creditors. Mark D. Olivere, Rachel S. London, and Scott D. Cousins of Cousins Chipman & Brown, LLP acted as Delaware Counsel to the Official Committee of Unsecured Creditors. CBIZ, Inc. acted as financial advisor and charged at $595 per hour. The US Bankruptcy Court granted an order for the joint administration of the Chapter 11 bankruptcy cases of The SCOOTER Store, Ltd. and its affiliates on April 16, 2013. The affiliates include The Scooter Store Aviation L.L.C., TSS Management Company, Inc., The Scooter Store Holdings Inc. and TSS Investments, Inc. The cases would be jointly administered for administrative and procedural purposes. The SCOOTER Store, Ltd. has been designated as the lead debtor. The US Bankruptcy Court gave an order to The SCOOTER Store, Ltd. to obtain DIP financing on a final basis on May 17, 2013. As per the order, the debtor has been authorized to obtain a revolving credit facility in the amount of $10 million from Crystal Financial LLC and other financial institutions. Crystal Financial LLC is also acting as the administrative agent. Proskauer Rose LLP is advising the lenders. The DIP loan would carry an interest rate of LIBOR plus 12% p.a., along with an additional 2% p.a. interest in the event of default. As per the terms of the DIP agreement, the loan carries a loan facility fee of $0.25 million and unused commitment fee of 0.50% p.a. The borrowers shall pay to agent collateral management fee of $6250 p.m. The DIP facility would mature on August 15, 2013. Adequate protection would be provided to the DIP lenders in the form of super-priority administrative expense claims which is subject to a carve-out of $0.2 million towards unpaid professional fees / administrative expenses and first priority lien upon and security interest in the debtor's collateral. The DIP financing shall be used for working capital requirement. The US Bankruptcy Court gave an order to The SCOOTER Store, Ltd. to obtain DIP financing on an interim basis on April 16, 2013. The SCOOTER Store, Ltd. filed a motion in the US Bankruptcy Court for the sale of substantially all its assets on June 3, 2013. The debtor proposes to sell its assets through a bidding and auction process. To qualify as a qualified bidder, interested parties should submit their bids by July 17, 2013. The initial minimum overbid should be an amount that provides for an initial aggregate purchase price that exceeds the purchase price of the stalking horse or the minimum bid, as the case may be, by an amount equal to the break-up fee, if any, plus $0.1 million. The debtor has scheduled an auction on July 23, 2013. At the auction, the subsequent bids would be in increments of $0.05 million. The stalking horse bidder would be entitled to a break-up fee of not more than 2.5% of the stalking horse’s purchase price plus an expense reimbursement of up to $0.5 million. A good faith deposit of 10% of the purchase price will be paid. The sale hearing is scheduled for July 25, 2013 and the subsequent objection deadline is July 18, 2013.
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Real Capital Solutions acquired Braxton Condominiums in Ashland City from Bank of America Corporation (NYSE:BAC) for $14.6 million on April 10, 2013. Vince Lefler of Jones Lang LaSalle represented Bank of America.

7K Islands, Inc. filed a voluntary petition for liquidation under Chapter 7 in the US Bankruptcy Court for the Central District of California on March 28, 2013. The debtor listed its assets of $13.75 million and liabilities of $39.01 million. The main unsecured creditors include Aurora Loan Services, LLC, Bank of America Corporation, Bayview Loan Servicing, LLC, Citibank, National Association, Ocwen Loan Servicing, LLC, OneWest Bank Group LLC, PNC Bank, National Association, ... Select Portfolio Servicing, Inc., Union Bank, N.A. and US Bank NA. John D Schlotter of Aldridge Connors LLP acted as legal counsel to the debtor. Chapter 7 trustee Brad D Krasnoff filed a motion with the US Bankruptcy Court seeking the dismissal of the Chapter 7 case of 7K Islands, Inc. on May 21, 2013. The motion was sought because the debtor failed to appear at the Section 341(a) Meeting of creditors and any continuances thereof.
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UC Challenger, LLC filed a voluntary petition for reorganization under Chapter 11/7 in the US Bankruptcy Court for the Southern District of Florida on March 26, 2013. The debtor listed its assets of $9.62 million and liabilities of $22.36 million. The largest unsecured creditors include Bank of America Corporation, CMC Group, Inc., Bombardier Inc., Jason Beau Giller, P.A. and Orion Jet Center, LLC. The debtor is represented by James C. Moon and Peter D. Russin of Meland ... Russin Hellinger & Budwick, P.A. as its legal counsels. Robert C Furr acted as case trustee. UC Challenger, LLC filed a motion in the US Bankruptcy Court for the sale of its certain assets on March 26, 2013. The debtor seeks the Court’s approval for the sale of its certain assets to the successful bidder, for a purchase price of $7.5 million in cash plus commission and other costs pursuant to the asset purchase agreement. The debtor’s assets include the Bombardier Inc. challenger CL-600-2B16 (Variant 604) Aircraft (N64UC). O'Gara Aviation, L.L.C. is acting as an aircraft broker to the debtor for the commission of $0.13 million. CL36 Leasing, LLC filed a motion to dismiss the Chapter 11 case of US Challenger, LLC in the US Bankruptcy Courton April 2, 2013. As per the motion, the case was filed as bad faith filing. State Court Litigation has been already going since last five years and the hearing on it was scheduled on March 27, 2013. Bankruptcy Petition was filed hours before a motion to hold Colombo in contempt was set to begin in the State Court. The State Court Litigation is set for trial in May, 2013. CL36 is seeking for dismissal of the case and trial will continue in State Court. The US Bankruptcy Court gave an order denying the dismissal of Chapter 11 bankruptcy case of UC Challenger, LLC on May 20, 2013. CL36 Leasing, LLC filed the motion to dismiss the case as being filed in bad faith. The Court has directed United States Trustee to appoint a Chapter 11 Trustee. Robert C Furr has been appointed as case trustee.
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The Board of Directors of Bank of America Corporation (NYSE:BAC) authorized a share repurchase program on March 14, 2013. Under the plan, the company will repurchase up to $5 billion worth of its common shares. The common share repurchases may be effected through open market purchases or privately negotiated transactions, including Rule 10b5-1 plans. The company has received Federal Reserve's approval for the share repurchase program. The timing and exact amount of common ... share repurchases will be consistent with the company's capital plan and will be subject to various factors, including the company's capital position, liquidity, financial performance and alternative uses of capital, stock trading price, and general market conditions, and may be suspended at any time. The plan will be valid for the next four quarters.
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