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Saturday, Sep 30, 2023

Hearing Postponed for Ex-Sunquest Developer

Hearing Postponed for Ex-Sunquest Developer A hearing to consider a Chap. 11 reorganization petition for Randall Roth Capital Corp. and a personal bankruptcy filing for its principal Randall Roth, was postponed until May 25 to allow Roth to hire an attorney and pay the applicable filing fees. Roth, who was removed as managing member of SunQuest, a large industrial redevelopment project in Sun Valley last year, told U.S. Bankruptcy Judge Kathleen Lax that for financial reasons he was unable to retain counsel until May 14. At the hearing, which took place on May 11, the judge also noted that filing fees amounting to $893, which are required in order to move forward with the petition, had not been received by the court. Roth said that he had paid the fees to the U.S. Trustee, which, according to the judge, was not the correct entity. Randall Roth Capital Corp. in the Chap. 11 filing claimed $1.8 million in assets and $4.8 million in debts. The personal filing claimed assets of $771,450 and debts of $3,354,000. The new managers of SunQuest have said they are moving forward with redevelopment plans.

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