Tag: Inc.

Complaints Filed in AvCraft Bankruptcy

Bankruptcy trustee Michelle Vieira filed adversary proceeding complaints against directors of AvCraft Technical Services recently in bankruptcy court.

Vieira, the Plaintiff, is the court appointed bankruptcy trustee for KNH Aviation Services Inc. d/b/a AvCraft Technical Services in the matter of the Chapter 7 bankruptcy filing of the company, Case #15-01641-dd in U.S. Bankruptcy Court District of South Carolina.

The causes of action include breach of fiduciary duties by the defendants for capitalization of the debtor, sale and lease agreements with Sun Air, removal of equipment and self dealing.

The defendants are former owners and directors of KNH Aviation Services Inc. d/b/a AvCraft Technical Services, Mike Hill, Donald Kamenz, Derek Nice and Carol Drew along with the owner of Sun Air and former AvCraft director Jesper Lundberg and Sun Air of Scandinavia A/S.

KNH Aviation Services was put together by Mike Hill. He originated the company and got Kamenz, Nice and Drew to come in as investors to buy AvCraft Support Services in a foreclosure sale from AvCraft’s principal debtor, Maple Financial of Toronto.

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New Look for Myrtle Beach Pavilion Site?

Nearly seven years after the Myrtle Beach Pavilion Amusement Park was torn down, a proposal has surfaced to bring rides back to the nearly vacant site.

According to recent media reports, Strates Shows of Orlando, FL is working with site owner Burroughs & Chapin, Inc. to open a three month, summer season carnival on a portion of the former Pavilion property.

On the surface, bringing rides back to that traditional downtown area of the oceanfront seems like a good idea. It always seemed a bad idea that former B&C president Doug Wendel wanted to do away with the Pavilion in the first place.

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