Filed: Oct. 11, 2019
Latest Update: Oct. 11, 2019
Summary: CHARGING ORDER AGAINST INTERESTS OF DEBTOR KENNETH ANTOS BRENDA WEKSLER , Magistrate Judge . On September 26, 2019, this Court GRANTED Plaintiff/Judgment Creditor Magnolia Financial Group's motion for a charging order on the limited liability company and corporate shareholder interests of judgment debtor Kenneth Antos in any payments, distributions, or disbursements from Spanish Heights Acquisition Company, LLC, through Mr. Antos' interest as the settlor, trustee, and beneficiary of the Ken
Summary: CHARGING ORDER AGAINST INTERESTS OF DEBTOR KENNETH ANTOS BRENDA WEKSLER , Magistrate Judge . On September 26, 2019, this Court GRANTED Plaintiff/Judgment Creditor Magnolia Financial Group's motion for a charging order on the limited liability company and corporate shareholder interests of judgment debtor Kenneth Antos in any payments, distributions, or disbursements from Spanish Heights Acquisition Company, LLC, through Mr. Antos' interest as the settlor, trustee, and beneficiary of the Kenn..
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CHARGING ORDER AGAINST INTERESTS OF DEBTOR KENNETH ANTOS
BRENDA WEKSLER, Magistrate Judge.
On September 26, 2019, this Court GRANTED Plaintiff/Judgment Creditor Magnolia Financial Group's motion for a charging order on the limited liability company and corporate shareholder interests of judgment debtor Kenneth Antos in any payments, distributions, or disbursements from Spanish Heights Acquisition Company, LLC, through Mr. Antos' interest as the settlor, trustee, and beneficiary of the Kenneth and Shelia Antos Living Trust ("Trust"), in order to satisfy MFG's judgment.
IT IS THEREFORE ORDERED that the interests of the Spanish Heights Acquisition Company, LLC are charged with payment of the remaining balance of the judgment in this matter, which, as of September 18, 2018, is $3,676,203.62 including costs, attorney's fees and interest.
IT IS FURTHER ORDERED that no member or stockholder of Spanish Heights Acquisition Company, LLC shall distribute to the Trust any funds or assets whatsoever, but instead shall pay over to the Plaintiff/Judgment Creditor Magnolia Financial Group all funds and assets in any payments, distributions, or disbursements from Spanish Heights Acquisition Company, LLC which would have been distributed to the Trust for Kenneth Antos' benefit in order to satisfy MFG's judgment.
IT IS SO ORDERED.
