peticion quiebra telexfree

8/16/2019 peticion quiebra telexfree

1/19

UNITED STATES BANKRUPTCY COURT

Distr ict of Neva da

OL I NI A R1 ' PETI TION

TelexFree, LLC

Name of Joint Debtor (Spouse) (Last, First , Middle):

es used by the D ebtor in the las t 8 years

All Other Names used by the Joint Debtor in the last 8 years

(include married, maiden, and trade names):

e, state all):

6 -

0650853

Last four digits of Soc. Sec. or Individual-Taxpayer I.D. (ITIN)/Complete EIN

(if more than o ne, state all):

. and Street, City, and State):

4705 S Durango Dr ive

100 -

J51 Las Vegas , NV

Street Address of Joint

Debtor (No . and Street, City, and State):

ZIP CODE

89147

ZIP CO D E

esidence or of the Pr incipal Place of Business:

evada

County of R esidence or of the Pr incipal Place of Business:

Mail ing Address of Joint

Debtor (if different from street address):

I

ZIP CO D E

I

ZIP CO D E

I

ZIP CO D E

Type

of Debtor

(Form of O rganizat ion)

(Check one box.)

Individual(includes Joint Debtors)

See Ex hibit D onpage 2 of this form.

Nature o f

(Check one box.)

Health Care Business

Single

Asset Real

11 U .S .C. §

101(51B)

Railroad

Stockbroker

Commodity Broker

Clear ing Bank

Business

Estate

as

defined in

Chapte r o f B ankruptcy Code

the Petition

s Filed

(Check

Chapter 7

hapter

Chapter 9

ecognition

Unde r W hi ch

one box.)

15 Petit ion for

of a Foreign

Proceeding

15 Petit ion for

of a Foreign

Proceeding

Recognit ion

Chapter 11

ai n

orporat ion ( includes LLC and LLP)

C h a p t e r 1 2

hapter

Chapter 13

onmain

Partnership

Other (If debtor is not one of the ab ove entit ies, check

this box and state type of entity below .)

A

ther

C hap t er

15 Debtors

hich a fore ign proceeding by, regard ing, or

T ax- E xe m pt E n t i ty

(Check box, if applicable.)

Debtor is a t ax-exempt organizat ion

under t it le 26 of the United States

Code ( the Intemal Revenue Co de) .

Nature of Debts

(Check

one box.)

Debts are primarily consumer

debts, defined in 11 U.S.C.

§ 101(8)

as

incurred by an

individual primarily for a

personal, family, or

household pu rpose .

/1Debts are

primarily

business debts

Fi l ing

Fee

(Check one box.)

only). Must attach

that the debtor is

Off icial Form 3A

only) . Must

Off icial Form 3B .

Che ck

one box:

Debtor is a small

C hap t er

11

Debtors

business debtor as

def ined in 11 U .S .C. §

101(51D).

small business debtor as

defined in 11 U.S.C.

§ 101(51D).

noncontingent liquidated debts (excluding debts owed to

are less than $2,490,925

amount subject to adjustment

every three years thereafter).

-----

boxes:

filed with this petit ion.

the plan were solicited prepetit ion from one or more classes

with 11 U.S.C. § 1126(b).

ull Filing Fee attached.

R

Filing Fee to be paid in installments (applicable to individuals

signed application for the court 's consideration certifying

unable to pay fee except in installments. Rule 1006(0. See

Filing Fee waiver requested (applicable to chapter 7 individuals

attach signed application for the court 's consideration. See

Debtor is not a

Check i f :

Debtor's aggregate

insiders or affiliates)

on 4/01/16 and

–

heck al l appl icable

A plan is be ing

Acceptances of

creditors, in accordance

to unsecured creditors.

and administrative expenses paid, there will be no funds available for

THIS SPACE

IS

FO R

COURT USE ONLY

Debtor estim ates that funds will be available for distribution

Debtor estimates that, after any exempt property is excluded

distribution to unsecured creditors.

of Cred itors

0-99

00-199

00-999

,000-

,001-

0,001-

5,001-

5,000

0,000

5,000

0,000

50,001-

ve r

100,000

00,000

50,001 to

100,001 to

500,001

1,000,001

100,000

500,000

o $ 1

o $10

million

illion

$500,000,001

ore than

to $1 billion

1 billion

$10,000,001

50,000,001

100,000,001

to $50

o $100

o $5 00

million

illion

illion

o

to

50,001 to

100,001 to

500,001

1,000,001

10,000,001

50,000,001

100,000

500,000

o $1

o $10

o $50

o

million

illion

illion illion

$500,000,001

ore than

to $1 b il l ion

1 billion

a

$100,000,001

$100

o $500

million

474 11 6v3

Case 14-12524-abl Doc 1 Entered 04/13/14 22:10:22 Page 1 of 19

8831000140413000000000001

Docket #0001 Date Filed: 4/13/20


2/19

age 2

Petition

pleted and filed in every case.)

Name of Debtor(s):

TelexFree LLC

All Prior

Bankr up tcy C as e s F i l ed W i th in L as t 8 Years

(If more than two, attach additional sheet.)

Case Number:

Date Filed:

Case Number:

Date Filed:

Pend ing B ankruptcy

ase Filed by

any Spouse, Partner , or A ff i l iate

of thi s

Debtor

(If more than one, attach

additional sheet.)

ebtor :

Case Number:

Date Filed:

Relationship:

Judge:

Exhibit

mpleted i f debtor i s required to f i le per iodic repor ts (e .g . , forms 10K a nd

i th the Securi t ies and Exchange Com mission pursuant to Sect ion 13 or 15(d)

Exhibit A is attached and made a part of this petit ion.

Exhibit

(To be completed if debtor is an individual

whose debts are pr imar i ly consum er debts . )

1,

the attorney for the peti tioner named in the foregoing peti tion, declare that I have

informed the pet i t ioner tha t [he or she] may proceed u nder chapter 7, 11, 12, or 13

of t i t le 11, U ni ted Sta tes Code, and have ex pla ined the rel ief ava i lable under each

such chapter. I further certify that I have delivered to the debtor the notice required

by 11 U .S.C.

342(b).

X

Signature of Attorney for Debtor(s)

Date)

Exhibit

Yes, and Exhibit C is attached and made a part of this petit ion.

C

a threat of imminent and identifiable harm to public health or safety?

N o.

Exhibit

Exhibit D, completed and signed by the debtor, is attached and made a part of this petit ion.

petit ion:

Exhibit D, also completed and signed by the joint debtor, is attached and made a part of this petit ion.

In format ion

Regarding

(Check any applicable

Debtor has been domic i led or has had a residence, pr inc ipa l place

preceding the date of this petit ion or for a longer part of such 180 days

the Debtor -

Venue

box.)

of business, or p r inc ipa l assets in thi s Dist r ic t for 180 day s imm edia tely

than in any o ther District .

or partnership pending in this D istrict.

of business o r principal assets in the United States in this District, or has

a defendant in an ac t ion or proceeding [ in a federa l or sta te court ] in thi s

sought in this D istrict.

A

here is a bankruptcy case concerning debtor's affiliate, general partner,

Debtor is a debtor in a foreign proceeding and has i ts principal place

no princ ipa l place of business or a ssets in the Uni ted Sta tes but i s

District , or the interests of the parties will be served in regard to the relief

Certi f ication by a Debtor Who Resides

(Check all applicable

Landlord has a judgment against the debtor for possession of debtor's

Debtor claims that under applicable nonbankruptcy law, there are

entire monetary default that gave rise to the judgment for possession,

Debtor has included with this peti tion the deposit with the court of

of the petit ion.

Debtor certifies that he/she has served the L andlord w ith this certification.

as a Tenant

of

Residential Proper t y

boxes.)

residence. (If box checked, complete the following.)

(Name of land lord that obtained judgment )

(Address of landlord)

circumstances under which the debtor would be permitted to cure the

after the judgment for possession was entered, and

any rent that would become due during the 30-day period after the filing

(11 U.S.C.

§

362(1)).

474 11 6v3



3/19

Bi (Official Form 1) (12/13)

age 3

Voluntary

Petition

( Th i s page must be com p leted andf i led i n every case. )

Name of Debtor(s):

TelexFree, LLC

Signatures

Signature(s) of Debtor(s)

IndividuaUJoint)

Signature of a

Foreign Representative

I declare under penalty of perkily that the information provided in this petition is true

I

declare under penalty of perjury that the information provided in this petition

is true

and correct.

and correct, that I am the foreign representative of a debtor in a foreign proceeding,

[ If pet i tioner i s an individual whose deb ts a re pr imari ly consumer debts and has

chosen to f ile under chapter 7] I am aware that I may proceed under chapter 7,

1 1 1 2

or 13 of title 11, United States Code, understand the relief available under each such

chapter, and choose to proceed under chapter 7.

[If no attorney represents me and no bankruptcy petition preparer signs the petition] I

have obtained and read the notice required by 11 U .S.C.

§ 342(b).

and that I am auth orized to file this petition.

(Check only one box.)

. I request relief in accordance with chapter 15 of t it le 11, United States Code.

Certif ied copies of the documents required by 11 U.S.C.

§

1515 are attached.

Pursuant to I I U .S.C.

§

1511, I request relief in accordance with the

I request re l ie f in accordanc e wi th the ch apter of t i t le 11, U ni ted States Code ,

specified in this petition.

chapter of title 11 specified in this petition. A certified copy of the

order granting recognition of the foreign main proceeding is attached.

X

X

Signature of Debtor

(Signature of Foreign Representative)

X

(Printed Name of Foreign Representative)

Signature of Joint Debtor

Date

Telephone Number (if not represented by attorney)

Date

S

ture

rney*

Signature of

Non-A ttorney B ankruptcy Petition Preparer

I dec lare under penal ty of perjurytha t (1) I am a bankruptcy pet i tion preparer as

Signature of Attorney fors

in 11 U.S.C.

§

110; (2) I prepared this document for compensation and have

)/z,e–..,

-

77 :z

47

/̂ ./4

7/7

provided the debtor with a copy of th is document and the not ices and informat ion

required under 11 U .S.C. §§ 110(b ) , 110(h) , and 342(b) ; an d, (3) i f rules or

guidelines have been promulgated pursuant to 11 U .S.C.

§

110(11) setting a maximum

rinted Name of A ttorney for Debtor(s)

Gordon Silver

fee for services chargeable by bankruptcy petition preparers, I have given the debtor

Finn Name

notice of the maximum amount before preparing any document for f iling for a debtor

or accepting any fee from the debtor, as required in that section. Official Form 19 is

3960 Howard Hughes Pkwy., Ninth Floor

attached.

Las Vegas, NV 89169

Address

70 2

-

79 6 -

5555

'Printed Name and title, if any, of Bankruptcy Petition Preparer

Telephone Number

Social-Security num ber (If the bankruptcy petition preparer is not an individual,

state the Social-Security number of the officer, principal; responsible person or

p a r t n e r

of the bankruptcy

pet i t ion p reparer . ) (Requi red

by 11 U.S.C.

§

110.)

Date

*in a case in which

§

707(b)(4XD) applies, this signature also constitutesa

certification that the ttorney

has no know ledge after an inquiry that the information

in the schedules is incorrect.

Signature of Debtor (Corpora t ion/Partnership)

Address

I declare under pen alty of perjury that the information provided in this petition is M x

and correc t , and tha t I have been authorized to f i l e thi s pet i tion on b ehal f of the

debtor.

Signature

The debtor requests the relief in accordance w ith the chapter of title 11, United States

Code, specified in this

i

I l ' o n .

X

Date

Auth.ignature of Au. ' .

i

Individual

Stuart A. MacMillan

Signature of bankruptcy petition preparer or officer, principal, responsible person, or

partner whose Social-Security number is provided above.

Printed Name of Authorized Individual

Names and Social-Security numbers of all other individuals who prepared or assisted

Interim CEO

in prepar ing th is docum ent unless the bankruptcy p e t i t ion preparer i s not an

Tide of Authorized Individual

individual.

4/13/14

Date

If more than one person prepared this document, attach additional sheets conforming

to the appropriate official form for each person.

A ban krup tcy pet i t ion p repa rer s fa i lure t o com p ly w i th the p rov i s i ons o f t i tl e 11 and

the Federa l Ru les o f Bankruptcy Procedure may resu l t in f ines o r impr isonment o r

, bo th . 11 U.S .C.

§

110; 18 U.S.C. §

1 5 6 .

B O S 4 7 4 0 1 1 0 6 v 3



4/19

SCH EDU LE 1

The following list identifies all of the affiliated entities, including the Debtor

filing this petition (collectively, the Debtors ), that filed voluntary petitions for relief under

Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of

Nevada, contemporaneously with the filing of this petition. The Debtors filed a motion

r eques t ing jo in t adm in i s tr a t ion .

1.

Te lexF ree , I nc .

2.

Te lexF ree , LLC

3. Te lexF ree F inanc i a l , Inc .

BOS 474 11 6v3



5/19

M I N U T E S OF A S PE C I A L M E E TI N G

OF

T H E B O A R D O F M A N A G E R S

OF

TELEXFREE, LLC

( a Ne va da l i mi te d l iab i l it y co m p an y )

A p r i l 1 3 , 2 0 1 4

On April 13, 2014 at 8:11 pm a special meeting of the Board of Managers (the Board ) of TelexFree LLC

(the Company ) was held telephonically. All of the parties present were able to be heard. James M. Merrill and

Carlos N. Wanzeler, being all the managers of the Company, were present. Also present were: (1) from Greenberg

Traurig LLP Nancy Mitchell, Jody Davis, Maria DiConza, Jonathan Bell, Matt Hinker, Avi Fox, Zack Polidoro, and

Michael Cohen; (2) from Gordon Silver Greg Garman and Teresa Pilatowicz; (3) from Alvarez & Marsal Lawrence

H i r s h , B i ll Ru n g e , T i m M e i g h an , an d A i le e n Dave r s a ; ( 4 ) f ro m Jo e H . Cra f t , CPA Jo e H . Cra f t ; an d (5 ) f ro m Imp a c t

Th i s Day , In c . S tu a r t A . M acM i ll an .

The meeting was called to order by Carlos Wanzeler, Manager, and on the agenda was the approval of the

f i li n g o f a vo l u n ta ry p e t it i o n fo r r e li e f u n de r th e p ro v i s io n s o f C h ap te r 1 1 o f th e B an k ru p tcy C o de , 1 1 U .S .C . § § 1 0 1 ,

et seq.

( th e Ban k ru p tcy Co de ) .

Th e B o ard u n an i mo u s l y wa i ve d an y n o t ice r e q u i r e me n t s fo r a me e t i n g .

The Board considered the Company's liabilities, the strategic alternatives available to it, and the impact of

e ach o f th e fo re g o i n g o n th e C o m p an y ' s b u s i n e ss e s .

The Board had the opportunity to consult with the management and the advisors of the Company about the

s t r a teg i c a l t e r na t iv es a v a i l a b l e t o t he C om pa ny .

Thereupon, upon motion duly made and seconded, the Board unanimously approved the following

resolut ions:

RESOLVED, that in the judgment of the Board of the Company, it is desirable and in the best interests of

the Company, its creditors and other parties in interest, that the Company file or cause to be filed a voluntary

petition for relief, along with certain affiliated entities, under the provisions of Chapter 11 of the Bankruptcy Code

( Ch ap te r 1 1 ) i n th e U n i t e d S ta te s Ban k ru p tcy Co u r t f o r th e Di s t r ic t o f Ne vada ; an d

RESOLVED, that in the judgment of the Board of the Company, it is desirable and in the best interests of

the Company, its creditors and other parties in interest, that the Company's subsidiary, Telexfree Finance, Inc, a

Florida corporation, shall file or cause to be filed a voluntary petition for relief, along with the Company, under the

p ro v i s io n s o f Ch ap te r 1 1 i n th e U n i t e d S ta te s Ban k ru p tcy C o u r t f o r th e Di s t ri c t o f Ne vada ; an d

RESOLVED, that Stuart A. MacMillan and Joe H. Craft (collectively, the Authorized Persons ), acting

alone or together be, and they hereby are, authorized and empowered to execute and file on behalf of the Company

all petitions, schedules, lists, motions, applications, pleadings and other papers or documents as necessary to

commence the Chapter 11 proceeding, including but not limited to motions to obtain the use of cash collateral and

p ro v i de ade q u a te p ro te c t i o n th e re fo r an d to o b ta i n an y de b to r i n p o s s e s s i o n f i n an c in g , an d to t ak e an y an d a l l f u r th e r

ac t s an d de e ds th a t t h e y de e m n e ce s s a ry , p ro p e r an d de s i r ab le i n co n n e c t i o n wi th th e Ch a p te r 1 1 cas e , w i th a v i e w to

th e s u cce s s fu l p ro s e cu ti o n o f s u ch ca s e ; an d

RESOLVED, that the Authorized Persons be, and they hereby are, authorized and directed to employ the

law firm of Greenberg Traurig, LLP as general bankruptcy counsel to represent and assist the Company in carrying

out its duties under the Bankruptcy Code, and to take any and all actions to advance the Company's rights and

obligations, including filing any pleadings; and in connection therewith, the Authorized Persons are hereby

authorized and directed to execute appropriate retention agreements, pay appropriate retainers prior to and

BOS 474 11 6v3



6/19

imm edia te ly upon f i ling o f the C hap te r 11 case and ca use to be f i l ed an app rop r ia te app l i ca t ion fo r au tho r i ty to

re tain the services of Greenberg Traur ig , LLP ; and

RESOLVED, that the Authorized Persons be, and they hereby are, authorized and di rected to employ the

law fu-m of G ordon Si lver , as specia l Nevada bankrup tcy counsel to represent and assis t the Com pany in carrying

out i ts du t ies under the Bankruptcy C ode , and to t ake any and a l l ac tions to advance the Com pany 's r igh ts and

obl igat ions , inc lud ing f i l ing any p lead ings ; and in conn ect ion therewi th , t he Author ized Per son s are hereby

a u t ho r i z ed a nd d i r ec ted t o ex ec u t e a pp r op r i a t e r e t en t ion a g r eem en t s , pa y a pp r op r i a t e r e t a ine r s p r io r t o a n d

imm edia te ly upon f i ling o f the C hap te r 11 ca se and ca use to be f i l ed an app rop r ia te app l ica t ion fo r au tho r i ty to

re tain the services of G ordon Silver ; and


restructur ing f irm of A lvarez & M arsal , as i ts restructur ing f inancia l consul tant to ass is t the Com pany in m anaging

i ts chapter 11 case and restructuring i ts operations under the B ankrup tcy Cod e, and to take any and a l l actions to

advance the Com pany ' s r igh ts and ob l iga t ions , inc luding f i l ing any p leadings ; and in con nec t ion the rewi th , the

Author ized Persons are h ereby author ized and directed to execute appropr iate re tention agreem ents , pay appropr iate

retainers pr ior to and imm ediately upon f i l ing of the Chapter 11 c ase and cause to be f i led an appropr iate application

for author ity to re tain the services of Alvarez & Ma rsal ; and

RES OLV ED, tha t the Author i zed Persons be , and they hereby a re , au thor i zed and d i rec ted to em ploy the

account ing f i rm of Joe H . Cra f t , CPA to p rov ide Joe H . Cra f t to se rve a s Chief F inanc ia l Of f i cer o f the Com pany

whi le the Chap te r 11 c ase i s pending and to ass i s t the Co mpan y in ca r ry ing ou t i t s du t ie s under the Ban krup tcy

Cod e , a nd t o t a ke a ny a n d a l l a c t ions t o a d v a nc e t he Com pa ny ' s r i gh t s a nd ob l iga tions , inc lud ing f i li ng a ny

plead ings ; and in connec t ion therewi th , t he Author ized Per sons are hereby au thor ized and d i r ected to execu te

appropria te retent ion agreem ents , pay appropria te reta iners pr ior to and imm ediately upon f i l ing of the Ch apter 11

case and cause to be f i led an appropr iate applicat ion for author ity to re tain the services of the account ing f irm of Joe

H. Craf t , CPA; and


consult ing f irm of Im pact This Day, Inc. to provide Stuar t A. M acM illan to serve as In ter im Chief Execut ive O ff icer

of the Com pany w hi le the Chap ter 11 case is pending and to ass is t the Compa ny in carrying out i ts dut ies under the

Ban kruptcy C ode, and to take any and a l l ac tions to advance the Co mp any's r ights and obl igat ions, including f i l ing

any pleadings; and in conn ect ion therewith, the Authorized Persons are hereb y authorized and di rected to execute

appropria te retent ion agreem ents , pay appropria te reta iners pr ior to and imm ediately upon f i l ing of the Ch apter 11

case and cause to be f i led an appropr iate applicat ion for author ity to re tain the services of Impact T his Day, Inc. ; and

RES OL VED , tha t the A uthor i zed Persons be , and they hereby a re , au thor ized and d i rec ted to employ an

escrow agent acceptable to the Compa ny's Inter im Chief Executive Off icer ( the Escrow Ag ent ) , if appropria te, to

ho ld cer ta in o f the C omp any ' s cash dur ing the pendency of the chap ter 11 cases and to execu te any documen ts o r

ins t ruments w hich in their judgment are necessary or appropr iate to ef fect and manag e the escrow arrangem ent ; and

RE SO LVE D, that the Author ized Per sons be , and they hereby are , au thor ized and d i r ected to employ

Kur tzman Carson C onsu l tan ts LLC as c l a ims agent to represen t and a ss i s t the C om pany in ca r ry ing ou t i t s du t i es

under the Ban kruptcy Code, and to take any an d a l l ac tions to advance the Com pany's r ights and obl igat ions; and in

connec t ion therewi th , the A uthor i zed Persons a re hereby au thor i zed and d i rec ted to execu te appropr i a te re ten t ion

agreements , pay appropr i a te re ta iners p r io r to and imm edia te ly upon f i li ng o f the C hapter 11 case and cause to be

f i led an appropr iate applicat ion for author ity to re tain the services of Kurtzman Carson C onsultants LLC; and

RES OL VED , tha t the Au tho r ized Pe rsons be , and they he reby a re , au tho r ized and d i rec ted to employ J .

Frank A ssocia tes , LLC d /b /a Joe le Frank , Wilk inson Br imm er Katcher ( Jo e le Frank ) as pub l ic and inves tor

relations representative to represent and assist the Company in its public relations activities, and to take any and all

ac t ions to advance the C omp any ' s r i gh ts and ob l iga tions ; and in con nec t ion therewi th , the A uthor i zed Persons a re

hereby au thorized and di rected to execute appropria te retent ion agreem ents , pay appropria te reta iners pr ior to and

imm edia te ly upon f i ling o f the C hap te r 11 case and ca use to be f i l ed an app rop r ia te app l i ca t ion fo r au tho r i ty to

re tain the services of Joele Frank; and

BOS 474 11 6v3



7/19

RESO LVED , that the paymen t of re tainer fees to the aforement ioned profess ional service providers pr ior to

the date of th is meet ing is hereby rat if ied, approved and c onf irmed; and

RES OLV ED, tha t the execu t ion by the Author i zed Persons o f engagement l e t te r s be tween the Compan y

and the foregoing profess ional service providers , in subs tant ially the form circulated at th is board m eet ing, is hereby

ra t i fied, approved and confi rmed; and the Authorized Persons shal l execute and del iver such docum ents on behalf of

t h e C o m p an y , w i th s u ch ad d i ti o n s , d e le t io n s , o r ch an g e s t h e r e i n a s t h e A u t h o r ize d P e r s o n s d e e m n e ce s s a r y ,

des irable , convenient or appropr iate and cons is tent with the bes t in teres ts of the C ompa ny; and

RES OL VED , that Stuart A. MacM il lan be, and he hereby is , elected to serve as an independent M anager of

the Com pany, to serve unt i l h is successor is duly e lected and qualif ied; and

RE SO LVE D, that Joe H. Craf t be , and he hereby i s , e lec ted to se rve as Chief F inancia l Of f icer o f t he

Com pany, to serve unt i l h is successor is duly e lected and qualif ied; and

RES OL VED , tha t S tua r t A . MacM i ll an be , and he hereby i s , e l ec ted to serve a s In te r im Chief Execut ive

Officer of the C ompa ny, to serve unt i l h is successor is duly e lected and q ualif ied; and

RESO LVED , that al l prior author izat ions regarding s ignature author ity over accounts of the Com pany w ith

banks and other depository institutions, brokerage firms, securities firms or other entities holding funds belonging to

the Com pany (each a Depository and collect ively the Depositor ies ) are hereby revoked; and

RE SO LVE D, that each of the Chief Execut ive Of f icer and Chief F inancia l Of f icer , inc lud ing per sons

holding such posi t ions on an inter im basis , ac ting s ingly, shall be, and each of them hereby is , authorized act ing for

and on behalf of the Com pany:

(a ) to s ign checks, wi thdrawals and paymen ts f rom the fun ds of the Comp any on depo si t wi th the

Dep osi tor ies to the extent that he or she m ay deem necessary o r advisable in the best interests of

t he Company ;

(b )

to open, keep and c lose accoun ts and safe deposi t boxes wi th any D eposi tory to the extent that

he or she m ay deem necessary or des irable in the bes t in teres ts of the Com pany;

(c ) to cause to be deposi ted in accounts wi th any D eposi tory from t ime to t ime suc h funds of the

Com pany to the extent that he or she m ay deem necessary or desi rable in the best interests of the

Company ;

(d )

t o des ignate f rom t ime to t im e of f icer s and agent s o f t he Com pany a u thor ized to s ign o r

coun te rs ign checks , d ra f ts o r o the r o rde rs fo r the paym en t o f mon ey i ssued in the name o f the

Com pany agains t any such account ;

(e )

to make such general and special ru les and regulat ions with respect to such acc ounts ( including

without l imi ta t ion authorizat ion for use of facsimi le s ignatures) as he or she may deem necessary

or advisable; and

( f )

to take possession of , and depo si t wi th the appro pria te Depo si tory, a ll cash, cashier 's checks,

and other s imilar inst ruments of the Compa ny; and

RES OL VED , that , i f any Deposi tory shal l require that the Bo ard of the Com pany adop t a prescr ibed form

of resolut ion or resolut ions rela t ing to the foregoing act ions, such resolut ion or resolut ions is hereby adopted by the

Bo ard of Di rector s , and the Secre t ary o r any A ss ist an t Secre t ary o f the Com pany i s au thor ized to cer t i fy the

adopt ion o f any such reso lu t ion a s though i t were p resen ted to the Board o f D i rec tors a t the t ime of adopt ing th i s

r eso lu t ion , and to inser t a l l such r eso lu t ions in the m inute book of the Com pany im m ediate ly fo l low ing th is

resolution; an d

BOS 474 11 6v3



8/19

RE SO LV ED , that any and a l l ac t ions p rev ious ly o r hereaf t e r t aken or to be taken by the A uthor ized

Persons of the Com pany, or any of them , wi th respect to and in contemplat ion of , the act ions authorized by any of

the foregoing resolut ions, are hereby authorized, approved, ra t i f ied and confi rmed, and that an y and a l l documents ,

instrumen ts and agreements executed by an y of the Authorized Persons in connect ion therewith be, and they hereby

are, ratified, approved and confirmed.

The meet ing was adjourned at approxima tely 8 :31 pm EST .

BOS 474 11 6v3



9/19

IN WITN ESS WH EREO F, a undersigned duly appointed Manager of Te lexFree LLC ( the Conivanv ) does

hereby cert ify that the aforesaid minutes and the resolut ions contained therein are the true and correct minutes and

resolut ions duly adopted by the Board of D irec tors of Com pany at a spec ial meet ing thereof duly not iced and ca l l ed ,

and that a s igned copy of the aforesaid minutes has been fi led in the minute book of Com pany.

James M err i ll

Manage r

BOS 474 11 6v1



10/19

IN THE UNITED ST TES B NKRUPTCY COURT

FOR THE DISTRICT OF NEV D

In re :

Te lexF ree , LLC

Cha pte r 11

C a s e N o . 1 4 -

( )

Debto r .

Jo in t Admin i s t r a t ion Reques ted)

Following is the consolidated list of the above-captioned Debtor's creditors holding the 30

largest unsecured claims. The list is prepared in accordance with Fed. R. Bankr. P. 1007(d) for

filing in this chapter 11 case. The list does not include (1) persons who come within the

definition of insider set forth in 11 U.S.C. § 101, or (2) secured creditors unless the value of the

collateral is such that the unsecured deficiency places the creditor among the holders of the 30

largest claims. The information contained herein shall not constitute an admission of liability by,

nor shall it be binding on, the Debtor. The information contained herein, including the failure of

the Debtor to list any claim as contingent, unliquidated or disputed, does not constitute a waiver

of the Deb tor 's r igh t to con tes t the va l id i ty , p r io r i ty o r am ount o f an y c l a im .

BOS 474 11 6v3



11/19

Name of Creditor'

Name, Complete Mailing Address

(Including Zip Code) and

Telephone Number of Employee,

Agent, or Department of Creditor

Familiar with Claim Who May Be

Contacted

Nature of

Claim (Trade

Debt, Bank

Loan,

G ov

ernment

Contract,

etc.)

Indicate if

Claim is

Contingent,

Unliquidated,

Disputed or

Subject to

Setoff

Amount of Claim (If

Secured Also State

Value of Security)

1 .

Jozelia Sangali

Bos ton, MA U S

Em ail : jozel ia_miriam@ hotmai l .com

Telephone: 2756789045

Trade Deb t

Contingent,

Disputed

1,346,731.13

2.

Leonardo Francisco

30 D Moun t Ave

30 D 1

Mar lbo rough , MA U S

Email : leocaul@hotmai l .com


Trade Deb t

Contingent,

Disputed

903,813.63

3.

D L 1 I N C

97 Bellevue Avenue

M e l r o se , M A U S

Email : davidbeeba@gmail .com


Trade Deb t

Contingent,

Disputed

740,910.88

4.

Renato Alves

rua nove

252 jardim bela vis ta

serra, Es BR

Em ail : renato.a lves .88@hotm ai l .com

Telephone:

798230867

Trade Deb t

Contingent,

Disputed

737,264.68

5.

B enjam in A rgueta 14 Illinois A ve

Somervil le , MA

Email :

[email protected]


Trade Deb t

Contingent,

Disputed

673,543.49

6.

Marco Almeida

rua sos tenis miranda

81 centro

i tabuna , MO U Y

Emai l : marcobrum53@hotma i l .com


Trade Deb t

Contingent,

Disputed

553,579.35

7.

J M C I N C

3 6 1 1 n w 1 9 t h S t

Coconut Creek, FL US

Email:

marcosclubf lor ida@gmail .com


Trade Deb t

Contingent,

Disputed

500,308.92

8.

Edwin Herman Maina

L i m a

Calle Tarope

Cobija, Pa BO

Email : a [email protected]

Trade Deb t

Contingent,

Disputed

496,201.74

9.

David M art inez

caserio el tunal

11 2

El Rosar io , PA SV

Emai l : dm j500@char te r .ne t


Trade Deb t

Contingent,

Disputed

493,707.88

1

Paola Zollo Alecci

Rua da Calcada N12

12 Canico

Can ico , PT

Email : paolazol lo3@gmail .com

Trade Deb t

Contingent,

Disputed

456,342.69

This l is t does not include lessees for which the D ebtors are required to hold a secur ity or credit depos it under

the terms of the appl icable lease. The Debtors reserve a l l r ights wi th respect to these deposi ts .

BOS 474 11 6v3



12/19

Name of Creditor'





Familiar

w

ith Claim Who May Be

Contacted

Nature of

Claim (Trade

Debt, Bank

L o a n ,

Government

Contract,

etc . )

Indicate if

Claim is

Contingent,

Unliquidated,

Disputed or

Subject to

Setoff

Amount of Claim (if

Secured Also State

Value of Security)

Telep hon e: 35196300000U

11

Robert Bourguignon

3 6 1 1 N W 1 9

Street

Cocon ut Creek , FL 33066

Em ail : 9548182549

Telephone: f lav ioarraz@gmai l .com

T rade Debt

Cont ingent ,

Disputed

439,901.03

12

Carla Peres

R M achado de Ass is

820 Jd San ta Inacia

P O R T O A L E G R E , 17 PT

Email:

car lagperes@out look .com

Telephone: 351912000000

Trade Deb t

Cont ingent ,

Disputed

438,318.66

13

Pedro Taveras

Cal le 5 Este No. 6

Emai l : p tc59@hotmai l .com


Trade Deb t Cont ingent ,

Disputed

438,318.66

14

N a th an a S an to s R eis R u a V in ic iu s T o rre s

Emai l : nathanasre is@gmai l .com

T rade Debt

Cont ingent ,

Disputed

402,462.43

15

Jose Anominondas Jr

ma ba rao de lucena

62 pit imbu

na t a l, MO UY

Emai l :

[email protected]

Telep hon e: 8488288206

T rade Debt

Cont ingent ,

Disputed

388,771.09

16 Vagner Roza

R U A T E R E Z A D E J E S US

S /N C EN T RO

IPIRANGA, PR BR

Emai l :

vagnerf lamengo2009@hotmai l .com


T rade Debt

Cont ingent ,

Disputed

386,447.83

17

Norber to Rey

1003 E 31s Ave

1003 1003 E 31st ave

Tampa , FL US

Emai l : rey [email protected]

Teleph one: 8133574453

T rade Debt

Cont ingent ,

Disputed

374,237.06

18

Jacque l ine Zieff

42 Arlington R d

Brook l ine , Ma US

Em ai l: j u l y3 jane@ao l .com


T rade Debt

Cont ingent ,

Disputed

367,109.37

19

Jo se Car lo s Mac ie l

18 Hayes S t . Apt .2

Framingham, MA US

Em ai l: j cmkgb@ hotma i l .com


T rade Debt Cont ingent ,

Disputed

364,086.43

2

M ichae l Ca l azans

3611 NW 19

Street

Cocon ut Creek , FL 33066

Telep hon e: 9548182549

T rade Debt

Cont ingent ,

Disputed

350,420.82

21 Bruno Graziani

80 Li lac Circ

80 centro

M ar lboro , MA US

Em ai l: g r az ian i8926@gm ai l. com

Telep hon e: 9783891408

T rade Debt

Cont ingent ,

Disputed

344,505.92

22

Renato Ribe i ro

14 Washington St

Trade Deb t

Cont ingent ,

340,479.07

BOS 474 11 6v3



13/19

ame of Creditor





Familiar with Claim Who May Be

Contacted

Medford MA US

Email: renatousa05@g mail.com

Telephone: 781-960-3914

Nature of

Claim (Trade

Debt, Bank

Loan,

Government

Contract,

etc.)

Indicate if

Claim is

Contingent,

Unliquidated,

Disputed or

Subject to

Setoff

Disputed

Amount of Claim (If

Secured Also State

Value of Security)

23.

Marcelino Salazar

Bacilio

av san b orja norte

1325 san borja

l ima l im PE

Email: marcel ino.sb@ou tlook.com


Trade Debt Contingent

Disputed

337 291.89

24.

Edison Oswaldo

Jurado Aleman

AV. CARLOS FREIRE LT 248 PB

PASAJE A

LT 24 LA LIBERTAD DE

CHILLOGALLO

Quito Pi EC

Email:

[email protected]

Telephone: 593996000000


Disputed

312 890.45

25.

Roman Mishuk

Kosachiv 3

24

Kovel Vo UA

Email: mishulcnew@g mail.com

Telephone: 380507000000

Trade Debt

Contingent

Disputed

310 913.19

26.

Rosa Marina Cabral

Souto

Cam inho Lombo de SiMio Tiago

19-A Canhas

Ponta do Sol Ma PT

Ema il: telexfree.r@h otmail.com

Telephone: 351292000000

Trade Debt

Contingent

Disputed

303 026.59

27.

Du

painting Db a

1 main St

555

Hyannis MA US

Email: [email protected]


Trade Debt

Contingent

Disputed

302 831.12

28.

Graca Luisa andrade

rua velha ajuda

bl-G

Funchal Ma PT

Email: projectosfx@gm ail.com

Telephone: 351962 000000

Trade Debt

Contingent

Disputed

298 988.46

29.

Paulo Francisco da

Silva

ma alindo robelito

2725 setor 23

Vilhena MA US


Telephone: 617595154 3


Disputed

295 946.29

30 .

Leone da Silva santos

Av. Rubens Carvalho Av.

100

Feira de Santana BA US



Trade Debt

Contingent

Disputed

295 946.29

BOS 474 11 6v3



14/19

Signature :

B y: S tua r t A . M a c Mi l l a n

Tit le : In ter im CE O

In re:

TelexFree , LLC

IN THE UNITED STATES BANKRUPTCY COURT

FOR THE DISTRICT OF NEVADA

Chapter 11

Case N o . 14 -

Debtor .

Joint Adm inis tra t ion Requested)

CERTIFICATION CONCERNING CONSOLIDATED LIST OF

CREDITORS HOLDING THIRTY (30) LARGEST UNSECURED CLAIMS

The above-captioned debtor and debtor-in-possession (the

Debtor )

he reby ce r t i f ie s

und e r pena l ty o f pe r ju ry tha t the conso l id a ted

L i s t o f C r e d i to r s H o l d i n g t h e T h i r ty ( 3 0 ) L a r g e s t

U n s e c u r e d C l a im s

(the

Top 30 List ),

subm i t ted he rew i th , i s com ple te , and to the be s t o f the

Debtor ' s know l edge , c or rec t a nd c ons i s ten t w i th D ebtor 's book s a nd rec ords .

The information contained herein is based upon a review of the Debtor's books and

reco rd s . How ev e r , no com prehens iv e l ega l and /o r fac tua l i nv est iga t i ons w i th rega rd to poss ib le

defens es to a ny c l a ims s e t fo r th i n the c on s o l ida ted Top 30 L i s t ha ve been c om pl e ted . There fore ,

the listing does not and should not be deemed to constitute: (1) waiver of any defense to any

l i sted c la ims ; (2) an acknow ledgem ent of the a l lowabi l i ty of any l i s ted c la ims ; and/or (3) a w aiver

of any other r ight or l ega l pos i t ion of the Debtor .

I dec la re under pena l ty of per jury tha t the foregoing i s t rue and correc t .

Executed thi s 13th day of Apri l , 2014.

BOS 474 11 6v3



15/19



Cha pte r 11

C a s e N o . 1 4 -

( Jo in t Admin i s t r a t ion Reques ted)

In re :

T e l e x F r ee , L L C

D e b t o r .

LIST OF EQUITY SECURITY HOLDERS

Name

Address

Equity Interest

J a m e s M e r r il l

225 C edar H i ll S t r ee t, Su i te 200

M a r lb o r o u g h , M A 0 1 7 5 2

5 0 %

C a r l o s W a n z e l e r

225 C edar H i ll S t r ee t, Su i te 200

M a r lb o r o u g h , M A 0 1 7 5 2

50 %

[The rem aind e r o f th i s page i s i n ten t iona l ly b l ank . ]

BOS 474 11 6v3



16/19



In re :

TelexFree, LLC

Chapter 11

Case No . 14-

)

Debtor .

(Jo int Adm inistra t ion Requested)

CERTIFICATION CONCERN ING EQUITY SECURITY HOLDERS

Th e ab ove - cap t i on e d case de b to r an d d e b to r - in - posse ss i on (t h e

Debtor )

her eby

cert if ies unde r pen al ty o f per jury that the l is t submit ted h erewith, pursua nt to Local Rule 1007-

1(a ) o f the B ankrup tcy Cour t for the D is t rict o f Nevada, con ta in ing the

List of Security Equity

Holders

of the Deb tor for the comm on s tock on ly , i s com ple te and to the bes t o f the D eb tor s

knowledge correct and consistent with De btor s books an d records.

I dec lare u nder p enal ty o f per jury tha t the fo regoing is t rue and correct .

Executed th is 13th day o f Ap r i l, 2014.

Signature:

y: Stuart A. Ma cMil lan


BOS 474 11 6v3



17/19

In re:

TelexFree , LLC

IN THE UN ITED STATE S BA NKRU PTCY COURT

FOR THE DISTRICT OF N EVA DA

Chapte r 11

Case N o . 14 -

Debtor .

Joint Adm inis tra t ion Reques ted)

CERTIFICATION CONCERN IN G LIST OF ALL CREDITORS

The above-captioned debtor and debtor-in-possession (the Debtor ) hereby certifies

under pena l ty o f pe r j u ry tha t the

List of All Creditors

subm i t ted herew i th, pursuant to Loca l Ru le

1007 (b) (1) o f t he Loc a l Ru l es o f B a n kruptc y P ra c t i c e o f the U n i ted S ta t es B a nkruptc y Co ur t fo r

the Dis t r ic t of Nev ada , format ted in por table docu m ent form at , conta ining the con sol ida ted l is t of

creditors of the Debtors, is complete and to the best of the Debtor's knowledge, correct and

cons is tent wi th Debtor ' s books and records .

The information contained herein is based upon a review of the Debtor's books and

reco rd s . How ev e r , no com prehens iv e l ega l and /o r fac tua l i nv est iga t i ons w i th rega rd to poss ib le

defens es to a ny c l a i ms s e t fo r th i n the

List of All Creditors

hav e been c om ple ted . The re fo re , the

l is t ing d oes n o t and shou ld no t be d eem ed to cons t i tu te : (1 ) wa iv e r o f any d e fense to an y l i s ted

c l a ims ; (2 ) an ackn ow led gemen t o f the a l low ab i l ity o f any l i s ted c l a ims ; and /o r (3 ) a w a iv e r o f

any other r ight or l ega l pos i t ion of the Debtors .

I dec la re under pena l ty of per jury tha t the foregoing i s t rue and correc t .

Execu ted thi s 13th day of A pri l , 2014 .

ignature:

-QD

y: S tua r t A . Ma c M i ll a n


BOS 474 11 6v3



18/19

Dept. of Employment, Training Rehab

Employment Security Division

500 East Third Street

Carson City, NV 89713

Internal Revenu e Service

Centralized Insolvency Operation

PO Box 7346

Philadelphia, PA 19101-7346

Attorney Generals Office

Attn Bankruptcy Department

One Ashburton Place

Boston, MA 02108-1698

Massachusetts S ecurities D ivision

Anthony R. Leone, Esq.Enforcement Section

One Ashburton Place, Room 1701

Boston, MA 02108-1552

Nevada Department of Taxation

Attn Bankruptcy Section

555 E Washington Ave Ste 1300

Las Vegas, NV 89101

Office of the Attorney General NV

Attn Bankruptcy Dept

555 E Washington Ave Ste 3900

Las Vegas, NV 89101

Office of the Nevada Attorney General

Daniel G Bogden

333 South Las Vegas B lvd

Lloyd George F ederal Building

Las Vegas, NV 89101

Office of the United States Trustee

Attn Scott A. Farrow

300 Las Vegas Blvd South Room 4300

Las Vegas, NV 89101

Securities Exchange Comm ission

Sandra W. Lavigna

5670 Wilshire Boulevard, 11th Floor

Los Angeles, CA 90036-3648

SEC S ecretary of the Treasury

100 F Street, NE

Washington, DC 20549



19/19

Secretary of Treasury

Attn: Officer, Managing Agent or General Agent

820 S ilverlake B lvd.Suite 100

Dover, DE 19904

Secretary of Treasury

Attn: Officer, Director, Or Managing Agent

15TH Pennsylvania Avenue , NW


Secu rities Excha nge Comm ission Philadelphia Regional Office

Daniel Hawke Regional Director

701 Market StreetThe Mellon Independence Center

Philadelphia, PA 19106

U.S. Attorney General

Eric H. Holder, Jr., Esq.

950 Pennsylvania Avenue, N.W.

Bankruptcy Department


Leonardo Francisco

30 D Mount Ave30 D 1

Marlborough, MA 01606-0000

DL1 Inc

97 Bel levue Ave

Melrose, MA 02176-0000

Renato Alves

Rua Nove2 52 Jardim Bela Vista

Serra, ES

Benjamin Argueta

14 Il linois Ave

Somerville, MA 02145-0000

Marco Almeida

Rua Sostenis Miranda81 Centro

Itabuna, MO

JMC INC

3611 NW 19th St

Coconut Creek, FL 33066

Edwin Herman M aina Lima

Calle Tarope

Cobija, PA

David Martinez

Caserio El Tunal112

El Rosario, PA


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