Connect with us

Press Releases

Dec. 11 Is Deadline to File Proofs of Claim Against Firestar and Affiliates

The U.S. Bankruptcy Court for the Southern District of New York entered the order.

mm

Published

on

[The following is a claims bar date notice related to the bankruptcy case of Firestar Diamond Inc. and certain of its affiliates.] 

JENNER & BLOCK LLP
Marc Hankin
Carl Wedoff
919 Third Avenue
New York, New York 10022
(212) 891-1600

Angela Allen (admitted pro hac vice)
353 North Clark Street
Chicago, Illinois 60654
(312) 222-9350
Counsel for the Chapter 11 Trustee

UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK

In re:

FIRESTAR DIAMOND, INC., et al.,

Debtors.

Chapter 11

No. 18-10509 (SHL)
(Jointly Administered)

NOTICE OF DEADLINE FOR FILING OF PROOFS OF CLAIM: ON OR BEFORE DECEMBER 11, 2018

TO: ALL PERSONS AND ENTITIES WITH CLAIMS AGAINST FIRESTAR DIAMOND, INC., OLD AJ, INC. (f/k/a A. JAFFE, INC.), OR FANTASY, INC.

The United States Bankruptcy Court for the Southern District of New York has entered an Order establishing December 11, 2018 (the “Bar Date”) as the last date for each person or entity (including individuals, partnerships, corporations, joint ventures, trusts, and governmental units) to file a proof of claim against any of the above-captioned debtors (the “Debtors”).

Advertisement

The Bar Date and the procedures set forth below for filing proofs of claim apply to all claims against the Debtors that arose before February 26, 2018 (the “Filing Date”), the date on which the Debtors commenced these cases under chapter 11 of the United States Bankruptcy Code, except for claims listed in Section 4 below that are specifically excluded from the Bar Date filing requirement.

1. WHO MUST FILE A PROOF OF CLAIM

You MUST file a proof of claim to vote on a chapter 11 plan or to share in distributions from the Debtors’ bankruptcy estates if you assert a claim that arose before the Filing Date, and the claim is not one of the types of claim described in Section 4 below. The Bar Date applies to a claim based on an act or omission of a Debtor that occurred before the Filing Date, even if the claim is not now fixed, liquidated, or certain or did not mature or become fixed, liquidated, or certain before the Filing Date. Claims under Section 503(b)(9) of the Bankruptcy Code must also be filed by the Bar Date.
Under Section 101(5) of the Bankruptcy Code and as used in this Notice, the word “claim” means: (a) a right to payment, whether or not such right is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured, or unsecured; or (b) a right to an equitable remedy for breach of performance if such breach gives rise to a right to payment, whether or not such right to an equitable remedy is reduced to judgment, fixed, contingent, matured, unmatured, disputed, undisputed, secured, or unsecured.

2. WHAT TO FILE

Your filed proof of claim must conform substantially to Official Form No. 410; a case- specific proof of claim form accompanies this notice. The Trustee is enclosing a proof of claim form for use in these cases; if your claim has been scheduled by the Debtors, the form also sets forth the amount of your claim as scheduled, the specific Debtor against which the claim is scheduled, and whether the claim is scheduled as disputed, contingent, or unliquidated. You will receive a different proof of claim form for each claim scheduled in your name by the Debtors. You may utilize the proof of claim form(s) provided by the Trustee to file your claim. Additional proofs of claim forms may be obtained at www.uscourts.gov/forms/bankruptcy-forms.

All proof of claim forms must be signed by the claimant or, if the claimant is not an individual, by an authorized agent of the claimant. It must be written in English and be denominated in United States currency. You should attach to your completed proof of claim any documents on which the claim is based (if voluminous, attach a summary) or an explanation as to why the documents are not available.

Your proof of claim form must not contain complete social security numbers or taxpayer identification numbers (only the last four digits), a complete birth date (only the year), the name of a minor (only the minor’s initials), or a financial institution account number (only the last four digits of such financial institution account).
Any holder of a claim against more than one Debtor must file a separate proof of claim with respect to each such Debtor and must identify on the proof of claim the specific Debtor against which the claim is asserted and the case number of that Debtor’s bankruptcy case. A list of the names of the Debtors and their case numbers is set forth in the footnote to the case caption above.

3. WHEN AND WHERE TO FILE

A proof of claim may be filed by sending it by U.S. mail, overnight delivery, or hand delivery to the following address:

Firestar Diamond, Inc. Claims Processing
c/o Omni Management Group
5955 De Soto Ave., Suite 100
Woodland Hills, CA 91367

or by hand delivery to the United States Bankruptcy Court for the Southern District of New York, One Bowling Green, Room 534, New York, NY 10004. A proof of claim is deemed filed only when received at one of the addresses listed above or filed with the Court electronically on the PACER system. A proof of claim may not be delivered by facsimile, telecopy, or electronic mail transmission.

Advertisement

4. CLAIMS FOR WHICH A PROOF OF CLAIM NEED NOT BE FILED

You do not need to file a proof of claim on behalf of a claim on or before the Bar Date if the claim falls into one or more of the following categories:

(a) Any claim that has already been asserted in a proof of claim filed with the Clerk of the Bankruptcy Court for the Southern District of New York in a form substantially similar to Official Bankruptcy Form No. 410 (unless you wish to assert the claim against a Debtor not mentioned in the prior proof of claim, in which case an additional proof of claim must be filed);

(b) Any claim that is listed on the Schedules filed by the Debtors provided that (i) the claim is not scheduled as “disputed,” “contingent,” or “unliquidated;” (ii) the claimant does not disagree with the amount, nature, and priority of the claim as set forth in the Schedules; and (iii) the claimant does not dispute that the claim is an obligation only of the specific Debtor against which the claim is listed in the Schedules;

(c) Any claim that previously been allowed by Order of the Court;

(d) Any claim that has been paid in full by any of the Debtors;

(e) Any claim for which a different deadline has previously been fixed by this Court;

(f) Any claim by one Debtor against another Debtor; and

(g) Any claim allowable under § 503(b) and § 507(a) (2) of the Bankruptcy Code as an expense of administration of the Debtor’s estates.

(h) Any claim of a current employee of the Debtors, but only to the extent that such claim is solely for reimbursement of ordinary course business expenses or outstanding wages, base salary, commissions, benefits, bonuses, or other ordinary course compensation; but any employee of a Debtor who wishes to assert a claim against a Debtor that is not based solely on reimbursement of ordinary course business expenses or outstanding wages, base salary, commissions, benefits, bonuses, or other ordinary course compensation must file a proof of claim for such claim on or before the General Bar Date.

(i) The Debtors’ pre-petition lenders (Israel Discount Bank of New York and HSBC Bank USA, National Association).

If you are a holder of an equity interest in the Debtors, you need not file a proof of interest with respect to the ownership of such equity interest at this time. However, if you assert a claim against a Debtor, including a claim relating to such equity interest or the purchase or sale of such interest, a proof of such claim must be filed on or before the Bar Date pursuant to the procedures set forth in this Notice.

This Notice is being sent to many persons and entities that have had some relationship with or have done business with the Debtors but might not have an unpaid claim against the Debtors. The fact that you have received this Notice does not mean that you have a claim or that the Debtors, the Trustee, or the Court believe that you have a claim against the Debtors.

5. EXECUTORY CONTRACTS AND UNEXPIRED LEASES

If you have a claim arising out of the rejection of an executory contract or unexpired lease as to which the order authorizing such rejection is dated on or before October 5, 2018, the date of entry of the Bar Order, you must file a proof of claim by the Bar Date. Any person or entity that has a claim arising from the rejection of an executory contract or unexpired lease, as to which the order is dated after the date of entry of the Bar Order, you must file a proof of claim with respect to such claim so as to be received by the date fixed by the Court in the applicable order authorizing rejection of such contract or lease.

6. CONSEQUENCES OF FAILURE TO FILE A PROOF OF CLAIM BY THE BAR DATE ANY HOLDER OF A CLAIM THAT IS NOT EXEMPTED FROM THE REQUIREMENTS OF THIS ORDER, AS SET FORTH IN SECTION 4 ABOVE, AND THAT FAILS TO TIMELY FILE A PROOF OF CLAIM IN THE APPROPRIATE FORM SHALL NOT BE TREATED AS A CREDITOR WITH RESPECT TO SUCH CLAIM FOR THE PURPOSES OF VOTING ON ANY PLAN OF REORGANIZATION FILED IN THESE CASES OR PARTICIPATING IN ANY DISTRIBUTION IN THE DEBTORS’ CASES ON ACCOUNT OF SUCH CLAIM.

Advertisement

7. THE DEBTORS’ SCHEDULES AND ACCESS THERETO

You may be listed as the holder of a claim against one or more of the Debtors in the Debtors’ Schedules of Assets and Liabilities and/or Schedules of Executory Contracts and Unexpired Leases (collectively, the “Schedules”). To determine if and how you are listed on the Schedules, please refer to the descriptions set forth on the enclosed proof of claim forms regarding the nature, amount, and status of your claim(s). If you received post-petition payments from the Debtors (as authorized by the Court) on account of your claim, the enclosed proof of claim form will reflect the net amount of your claims. If the Trustee believes that you might hold a claim against more than one Debtor, you should receive multiple proof of claim forms, each of which should reflect the nature and amount of your claim against one Debtor as listed in the Schedules.
If you rely on the Debtors’ Schedules, it is your responsibility to determine that the claim is accurately listed in the Schedules. However, you may rely on the enclosed form, which lists your claim as scheduled, identifies the Debtor against which it is scheduled, and specifies whether the claim is disputed, contingent, or unliquidated.
As set forth above, if you accept the nature, amount, and status of your claim as listed in the Schedules, and if you accept that your claim is only against the Debtor specified in the Schedules, and if your claim is not described as “disputed,” “contingent,” or “unliquidated,” you need not file a proof of claim. Otherwise, or if you decide to file a proof of claim, you must do so before the Bar Date in accordance with the procedures set forth in this Notice.

Copies of the Debtors’ Schedules are available for inspection at www.omnimgt.com/firestardiamond. Copies of the Schedules may also be examined between the hours of 9:00 a.m. and 4:30 p.m., Monday through Friday (except Federal holidays) at the Office of the Clerk of the Bankruptcy Court, One Bowling Green, Room 534, New York, New York 10004-1408. Copies of the Debtors’ Schedules may also be obtained by written request at the following address and telephone number: Omni Management Group, 5955 De Soto Ave., Suite 100 , Woodland Hills, CA 91367, (818) 906-8300.

A holder of a possible claim against the Debtors should consult an attorney regarding any matters not covered by this notice, such as whether the holder should file a proof of claim.

Dated: ___________________ BY ORDER OF THE COURT
New York, New York

JENNER & BLOCK LLP

By:/s/ Marc Hankin
Marc Hankin
Carl Wedoff
919 Third Avenue
New York, New York 10022
(212) 891-1600
mhankin@jenner.com
cwedoff@jenner.com

Angela Allen (admitted pro hac vice)
353 North Clark Street
Chicago, Illinois 60654
(312) 222-9350
aallen@jenner.com
Counsel for the Chapter 11 Trustee

Advertisement

SPONSORED VIDEO

Gene the Jeweler

Gene the Jeweler Gets Kicked Out of the Studio

In the latest episode (#42) of Gene the Jeweler, Gene is going about his business, recording a new episode. But that doesn’t last long. Four-time NFL Pro Bowl leading rusher Ahman Green walks in, and Gene finds that his time in the studio is over — whether he likes it or not. (See more Gene the Jeweler episodes at instoremag.com/gene.)

Promoted Headlines

Press Releases

JBT President Richard Weisenfeld Retires

It’s effective August 31, 2019.

mm

Published

on

Erich Jacobs

(PRESS RELEASE) WARWICK, RI — Richard Weisenfeld, president of The Jewelers Board of Trade (JBT), announced his retirement to be effective August 31, 2019. Mr. Weisenfeld will remain at JBT to oversee the transition until September 1. Mr. Weisenfeld thanked the board for the opportunity to serve in a leadership capacity during which time the organization was streamlined and reorganized to meet the needs of its members.

Michael Kaplan, Chairman of the Board, accepted the resignation on behalf of JBT and acknowledged the many years of service of Mr. Weisenfeld as a member, a director, and most recently as president of JBT.

Erich Jacobs, the vice president of IT will succeed to the office of president of JBT on September 1, 2019. Mr. Jacobs joined JBT in 2018 and currently has operational responsibility for all aspects of IT and collection operations. Mr. Jacobs received his bachelor’s degree in economics and his master’s degree in business from the University of Wisconsin. His background in technology and business is of great importance to JBT, commented Mr. Kaplan. We congratulate him on his new position.

Continue Reading

Press Releases

AJS August 2019 Show Is One for the Record Books

Through new routes, AJS provided its attendees the tools needed to stay competitive in an evolving marketplace and retained its reputation as the fun show.

mm

Published

on

(PRESS RELEASE) ATLANTA, GA — The Atlanta Jewelry Show, the jewelry industry’s largest regional trade event in the country, recently concluded its August, 2019 edition. During the four-day event, AJS August brought together over 1,200 industry professionals, and a record number of new buyers. “While staying true to our roots by providing exceptional products and resources for independent jewelers, we were proud to expand our theme of New Routes, through introducing new concepts and feature areas throughout the show that were extremely well-received by all attendees,” states Executive Director Libby Brown. “Our overall mission is to strengthen and maintain our jewelry community, and this show solidified that commitment. I believe my team and I successfully accomplished our goal of providing a comprehensive event that literally changed the course, and positively impacted the businesses of many retailers and vendors alike.”

The vast array of vendors, including many veterans and newcomers to AJS, played a huge role in the success of the show. Troy Hailey, With You Lockets, reported, “From a sales standpoint, we had our best show yet. We met our goal, which was a robust one, because of the high quality of buyers in attendance. This is our favorite show,” Hailey continued.

Video: I Replied to a Diamond Scam Email … And Here’s What Happened
Fun

Video: I Replied to a Diamond Scam Email … And Here’s What Happened

Video: Here’s a Powerful Way to Make Your Jewelry-Store Advertising More Effective
Jim Ackerman

Video: Here’s a Powerful Way to Make Your Jewelry-Store Advertising More Effective

GOB Sales are Emotional — Here’s How to Stay on Track!
Sponsored Content

GOB Sales are Emotional — Here’s How to Stay on Track!

The upbeat atmosphere and reports of steady order-writing and growing retail attendance from outside the show’s traditional region had exhibitors talking. New AJS Exhibitor Earth Pebbles owner Rebekah Anderson, GG, said, “We immediately fell in love with this show.” Anderson added, “Everyone is so friendly and helpful, and we were thrilled with the constant traffic. We will most definitely be back.”

The aisles were filled with retailers as they visited with friends and made new connections. Buyers Josh and Darrell, The Little Gold Mine, (TN) explain, “We have not missed a show in nearly ten years, and we never plan to. The team you have assembled here is top-notch and they go out of their way to make sure we are happy, productive and safe.” New buyer Bar-Kay Jewelers (PA) owner Kim says, “I have been to many shows, but never one as wonderful as this Atlanta show. Everyone is so hospitable and there’s so much going on, at all times, on the buying floor. Great vendors, great times. I’m thrilled and I am definitely coming back!”

AJS-University

With a phenomenal lineup of educational sessions presented by influential industry experts, Atlanta Jewelry Show provided an exceptional package of educational opportunities for every sector of the industry. Powered by the support of Diamond Producers Association, Instore Marketing, Stuller and Synchrony Financial, over 50 educational seminars and panels, and onsite GIA Grading Lab Sessions were featured at AJS.

When asked about the success of the event, Director of Education Cindy Chandler said, “Education is an integral part of the Atlanta Jewelry Show. We are entrusted to provide our attendees with real insights and real solutions to take back to their store, and we take that very seriously. As promised, this event offered only the finest learning opportunities to our valued retailers. It would not be possible without the generosity of our sponsors and exhibitor members, and heartfelt thanks to all speakers who graciously shared their time and expertise with the AJS community. See you next decade!”, Cindy added.

Hundreds of retailers were on hand ready to be inspired, and they were not disappointed. Click this link to view select sessions on the AJS Facebook page. https://www.facebook.com/pg/atlantajewelryshow/videos/?ref=page_internal.

Kids Jewelry Camp

The Atlanta Jewelry Show Kids Jewelry Camp was a tremendous success, with 24 young jewelers enrolled. Under the guidance of Coordinator Mindy Spritz and certified jewelry instructors, KJC Rock Stars learned several jewelry techniques, marketing strategies and even hosted the KJC Trunk Show, where they displayed, sold and shared the inspiration behind their handmade creations. Spritz states, “It’s overwhelming when I think about when KJC debuted less than two years ago, and now to see where we are today. I think I can safely say we are truly making a difference in these children’s lives, and we are honored to play a role in cementing their legacy, thereby ensuring the future of the jewelry industry. It was such a joy work with these immensely talented students, and we are grateful for the AJS community’s support with this endeavor.”

Parents were delighted with the camp and were grateful this opportunity was available for their children. John Carter, AGS President and Owner, Jack Lewis Jewelers, said “My daughter has literally grown up in this business. She learned more during these two days than her entire life. What a great program.”

The next session will be during the Spring show, March 8-9, 2020. Interested campers should register early, as the camp was sold out in August. Designed to foster excitement and passion for the jewelry industry among our next generation, KJC is open to children of AJS exhibitors and retail buyers, ages 7 and up.

The Runway

Atlanta Jewelry Show introduced an all new pavilion, The Runway, A Brand New Experience. This upgraded area included industry favorites Beverley K, Danwak, Waterford Jewelry, XO Jewels and Zeghani, each housed in specialty booths. A dedicated hostess, flight attendants and a pilot ensured that buyers “walked the Runway” in style and experienced a new way to shop for merchandise. Limited booths available for March 2020, so interested exhibitors should contact AJS immediately to reserve space.

Occasions Shop

Occasions Shop, successfully launched at the spring show, was expanded to include more breathtaking geodes, opals, lighting, luxury gift items and high-end display units. This area featured innovative methods of enhancing a store’s aesthetic and offered innovative merchandising tips. With all proceeds benefiting Kids Jewelry Camp, the Occasions Shop offered yet another solution to help independent jewelers succeed in the marketplace.

CAD Challenge

Another popular AJS CAD-CAM Challenge made history, and AJS recognizes outstanding competitors Meghan Proctor, Designer/Manager, Hubbell Jewelry Design; Gary Dawson, Owner/Designer, Gary Dawson Designs, and Shele Letwin, Owner/Designer, Shele’s Jewelry Design Factory. This event was a real show- stopper, as hosts Joel McFadden and Kyle Bullock kept attendees, plus livestream viewers, informed and entertained during this intense, all-day competition. Meghan was named the Winner for her inspired creation based on an original Rémy Rotenier hand rendering.

Loupe + One-Stop Shop

An entirely redesigned Loupe and One-Stop-Shop neighborhood was quite an attraction, created in the spirit of small-town America, and complete with green space, park benches and gathering areas. Attendees were enticed to follow the road to the American Watchmakers Clockmakers Institute Mobile Classroom for expert timepiece instruction inside its massive bus, right on the show floor. Along the route, many resources offered retail solutions, including marketing, software, retail services, trade organizations, engraving and bead stringing. There was even a podcast recording by AJS partners Four Grainer and WJA, happening live, which was a tremendous success. Listen up for Inside the Jewelry Trade’s exclusive coverage of AJS at https://fourgrainer.com/inside-the-jewelry-trade-radio-show/.

Special Features

Buyers and exhibitors alike enjoyed many special touches at the show, including the ever-popular Mingle after-party. Another huge success, with more people than ever in attendance, further proving that the AJS jewelry community knows how to party. Surprise pop-up parties were sprinkled all over the show floor with tasty snacks and trendy drinks to enjoy. Carpool Karaoke in a luxury sportscar, relaxation areas with massages and cool beverages, themed pit stops like Whiskey Business, and Studio 555 – all designed to add to the vibrant and fun Southern Hospitality that is exclusive to AJS.

Future Show Dates

March 7-9, 2020 and August 8-10, 2020

Continue Reading

Press Releases

IJO Concludes Semi-Annual Conference

It was held in Pittsburgh.

mm

Published

on

(PRESS RELEASE) SOUTHPORT, CT — The Independent Jewelers Organization (IJO) recently returned from its semi-annual conference, which was held in Pittsburgh, PA. Several changes were announced and implemented and were applauded by the membership.

“We have a very strong and active Board of Directors, made up of store owners as well as our “NextGen” members,” stated IJO president & CEO Jeff Roberts, “and they provide us with feedback from the general membership – and we listen! We’re constantly striving to improve this organization and we’re stronger than we’ve ever been.”

Podcast: An Explosive Prank and More Tales of Dumb Things Done in Jewelry Stores
JimmyCast

Podcast: An Explosive Prank and More Tales of Dumb Things Done in Jewelry Stores

Podcast: Until the Very End, This Cancer Patient Created Jewelry Memories for Her Family
Over the Counter

Podcast: Until the Very End, This Cancer Patient Created Jewelry Memories for Her Family

Podcast: A Flash of Cash and Other Meditations on the Value of Jewelry
Over the Counter

Podcast: A Flash of Cash and Other Meditations on the Value of Jewelry

Members had suggested revamping the format of Sunday morning’s General Session, which always offered an inspirational keynote speaker, and Johnny Cupcakes didn’t disappoint. But change-up they wanted so IJO eliminated several announcements by transferring them to the Saturday breakfast, and brought in comedian Scott Bloom as an Emcee who provided some hilarity and kept the program hopping.

The first announcement Roberts made was a $500 reduction in membership dues, beginning with calendar 2020. “For years we’ve had a co-op program whereby members received $500 at year-end by using the IJO logo and tagline in their advertising,” Roberts stated further. “We realized members are busy and they were leaving money on the table by not submitting for co-op dollars, so we eliminated it.”

A new and very welcome addition was IJO provided snacks in the buying room both mornings and afternoons, plus a sumptuous full lunch for all retailers on Monday. According to Mike Youkilis, Board Rep from Midwest Diamond Distributors, “The IJO show we just finished in Pittsburgh was a huge success in business and the amazing additions of refreshments for all 3 days of the show were fantastic. Coffee and soda and donuts, bagels, cookies, popcorn and chocolate-covered everything, plus very ample passing of gourmet food at the end of the day were great! The free lunch on Monday for all retailers was well received. Of course, the free beer, free wine, and free mixed drinks every day were not so bad either. Like I always say – the family that eats together, stays together.”

“We’ve also created some new partnerships to better serve our members and to make the organization stronger,” Roberts added. “The first is Porte Marketing, who brings over thirty years of marketing experience and a variety of different tools to help them – the independent retailers – become more successful. In addition, I have hired Stephen Barnes from Barnes Jewelers in Goldsboro, NC, as a consultant for IJO. Stephen brings an enthusiastic and passionate attitude to not only help the IJO retailer, but to also help make IJO even better.”

Rich Bennett from P.K. Bennett Jewelers in Mundelein, Illinois summed it up simply. “We have been members of IJO for the past 10 years. It has been the best business decision we have ever made. The Pittsburgh show was just wow! From the new daily formats and the unbelievable energy in the seminars and buying room it was very evident that IJO has listened to its members and responded in a big way. This is not your father’s organization anymore! “

Continue Reading

Advertisement

Advertisement

Advertisement

Subscribe


BULLETINS

INSTORE helps you become a better jeweler
with the biggest daily news headlines and useful tips.
(Mailed 5x per week.)

Latest Comments

Most Popular