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Trustee Seeks to Dismiss Gastonia Honey Hunters Owner's Chapter 11 Bankruptcy Case

Submitted by jhartgen@abi.org on

An appointee of the U.S. Department of Justice is seeking to throw out the Gastonia Honey Hunters owner's chapter 11 bankruptcy case, the Charlotte Business Journal reported. Acting U.S. Trustee Gerard Vetter motioned earlier this month to dismiss NC Gas House Gang LLC's case. The motion argued that a dismissal would be in the best interest of creditors in the case. Vetter's motion highlights that the entity, which is led by Honey Hunters owner Brandon Bellamy, has struggled to obtain and maintain proper insurance. In the alternative to dismissal, Vetter's motion seeks to convert the case to a chapter 7 liquidation. Vetter made the motion on Jan. 8. The motion argued that NC Gas House Gang's total assets — which the entity recently reported to be $8,615 — cannot come close to satisfying its $2.5 million in liabilities. NC Gas House Gang filed an opposition to Vetter's motion on Jan. 22. The entity argues the motion should be denied because NC Gas House Gang has now obtained all required insurance coverage. Judge Lori S. Simpson last week scheduled a hearing for Feb. 12 to consider the dismissal motion, court records state.