Global Aircraft Solutions (fka GACFQ)

[samsamsamiam]

What I found "interesting" was the fact that documents about this company were filed with 4shared along with many of the qsgiq by a certain someone. ahem!

Sure made me wonder.

What exactly is interesting in investing in a stock like this - with these kind of numbers and claims against them?

Lewis and Roca LLP

One South Church Avenue, Suite 700
Tucson, Arizona 85701-1611
Rob Charles, State Bar No. 007359
Direct Dial: [phone]
Direct Fax: [phone]
EMail: [e-mail]
Attorneys for Frank T. Hundley, Chapter 11 Trustee
UNITED STATES BANKRUPTCY COURT
DISTRICT OF ARIZONA
In re:
Global Aircraft Solutions, Inc.
Debtor.
Chapter: 11
Case No. 4:09-bk-01655 JMM
Declaration of Frank T. Hundley in
Support of Third Motion to Extend
Deadline to File Objection to Allowance
of Claims; and Certificate of Service
I, Frank T. Hundley, hereby declare under penalty of perjury that:
1. I am serving as the Chapter 11 Trustee of the reorganized Debtor Global
Aircraft Solutions, Inc. as successor to the jointly administered Debtors. I submit this
declaration on behalf of the Motion to Extend Deadline to File Objection to Allowance of
Claims (the “Motion”) [DE 640].
2. I make the following declaration based upon my personal knowledge, and
upon the records of the Debtor.
3. The Trustee’s Plan of Reorganization dated August 5, 2009 [DE 378] as
amended by the First Modification to Trustee’s Plan of Reorganization dated August 5,
2009 [DE 459] and the Second Modification to Trustee’s Plan of Reorganization dated
August 5, 2009 [DE 502] was confirmed by order of the Court dated November 5, 2009
[DE 506].
4. The Plan substantively consolidated the Debtors’ Estates, but only for the
purpose of voting and making distribution to holders of Claims and Equity Interests under
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the Plan. Global is the entity into which the HAT, World Jet and HAM estates are
consolidated.
5. I understand that under the Plan as modified, the original deadline for
interested parties to object to Allowance of Claims is 90 days after the Effective Date, or
February 8, 2010. That deadline was extended to May 10, 2010 by Order [DE 601] dated
February 10, 2010, and further extended to November 5 by the Court’s May 5, 2010 Order
[DE 653].
6. To date there have been filed:
• 77 claims in Global Aircraft Solutions, Inc. for $46,528,617.85;
• 44 claims in Hamilton Aerospace Technologies, Inc. for $9,486,845.09;
• 41 claims in World Jet corporation for $8,318,325.14; and
• 2 claims in Hamilton Aerospace Mexico for $8,166,126.11.
The Trustee has filed objections to certain claims, and is in the process of reviewing
the remaining claims. Additional time is needed for that review.
I make this declaration under penalty of perjury of the laws of the United States of
America on October 15, 2010.
By /s/ Frank T. Hundley
Frank T. Hundley
PROOF OF SERVICE
COPY of the foregoing sent
via e-mail or U.S. First Class Mail
on October 15, 2010 to the parties
listed on the Limited Service List
on file with this Court.
/s/ Marilyn Schoenike
Marilyn Schoenike
Lewis and Roca LLP
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