CHAPTER 11 SMALL BUSINESS SUBCHAPTER V VOLUNTARY PETITION

U.S. Bankruptcy Court
District of Utah (Salt Lake City)
Bankruptcy Petition #: 24-23041

Date filed: 06/20/2024

On June 20, 2024 (the “
Petition Date”), SmartFi filed a petition for relief under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the District of Utah, commencing Chapter 11 Case No. 24-bk-23041-JTM. SmartFi remains in possession of its estate and is operating its businesses. SmartFi is using chapter 11 to reorganize its business and restructure certain of its liabilities. Part of its plan of reorganization is to continue to operate the SmartFi platform and continue to offer innovative, technology-driven financial products to its clients. The chapter 11 docket will include voluminous pleadings and filings related to the Chapter 11 Case, the plan, and other matters. SmartFi will post all filings in chronological order below. You may access them free of charge at any time. If you have general questions about the Chapter 11 Case, you may contact SmartFi’s chapter 11 counsel as follows: 

Brian M. Rothschild
Parsons Behle & Latimer
201 South Main Street, Suite 1800
Salt Lake City, UT 84111
Telephone: 801.532.1234 

As always, we cannot give you legal advice and suggest that you contact your own counsel if you need legal advice regarding the chapter 11 case.


Click the link in the # column below to view the PDF of the filing

Filing Date # Docket Text
06/20/24 1
(8 pgs)
Chapter 11 Small Business Subchapter V Voluntary Petition, List of Equity Holders Filed by Power Block Coin LLC. (Rothschild, Brian) Modified on 6/21/2024 (gci). (EOD: 06/20/2024)
06/20/24   Receipt of Filing Fee for Voluntary Petition (Chapter 11)( 24-23041) [misc,volp11a] (1738.00). Receipt Number A27393474, Amount $1738.00 (Re: Doc# 1). (U.S. Treasury) (EOD: 06/20/2024)
06/20/24 2
(28 pgs)
Application to Employ Parsons Behle & Latimer as Attorney Filed by Power Block Coin LLC. (Rothschild, Brian) (EOD: 06/20/2024)
06/20/24 3
(10 pgs)
Declaration re: (related document(s):2 Application to Employ Attorney) of Brian M. Rothschild in Support of Application to Employ Parsons Behle & Latimer as Attorneys for the Debtor Filed by Power Block Coin LLC. (Rothschild, Brian) (EOD: 06/20/2024)
06/20/24 4
(12 pgs)
Motion to Limit Notice and Establish Noticing Procedures Filed by Power Block Coin LLC. (Rothschild, Brian) (EOD: 06/20/2024)
06/20/24 5
(26 pgs)
Application to Employ CFO Solutions L.L.C, d/b/a Ampleo as Accountant and Financial Advisor Filed by Power Block Coin LLC. (Rothschild, Brian) (EOD: 06/20/2024)
06/20/24 6
(11 pgs)
Declaration re: (related document(s):5 Application to Employ (Professional)) of Cheryl Adams in Support of Application to Employ CFO Solutions L.L.C. d/b/a Amplo Filed by Power Block Coin LLC. (Rothschild, Brian) (EOD: 06/20/2024)
06/20/24 7
(25 pgs)
Motion to Modify Debtor-in-Possession Banking Requirements, Continue Using Payment System under Blue Castle Services Agreement, and Related Relief Filed by Power Block Coin LLC. (Rothschild, Brian) (EOD: 06/20/2024)
06/20/24 8
(27 pgs)
Declaration re: (related document(s):2 Application to Employ Attorney, 4 Motion to Limit Notice, 5 Application to Employ (Professional), 7 Motion to Modify) Declaration of Aaron Tilton in Support of Chapter 11 Petition and Certain First Day Relief Filed by Power Block Coin LLC. (Rothschild, Brian) (EOD: 06/20/2024)
06/20/24 9
(2 pgs)
Declaration/Affidavit Re: Tax Returns Filed by Power Block Coin LLC. (Rothschild, Brian) (EOD: 06/20/2024)
06/20/24 10
(4 pgs)
Exhibit (related document(s):1 Voluntary Petition (Chapter 11)) Debtor's Section 1116(1)(A) Disclosures: Debtor's Most Recent Statement of Operations and Cash-Flow Statement Filed by Power Block Coin LLC. (Rothschild, Brian) (EOD: 06/20/2024)
06/24/24   Notice of Appearance of Counsel and Request for Notice. Filed by United States Trustee. (Kuhn, Peter) (EOD: 06/24/2024)
06/24/24   Creditor(s) uploaded (351 creditors). (Rothschild, Brian) (EOD: 06/24/2024)
06/24/24 11
(23 pgs)
Motion to Extend Automatic Stay to Cover Certain Claims Against Non-Debtor Defendants Filed by Power Block Coin, LLC. (Rothschild, Brian) (EOD: 06/24/2024)
06/24/24 12
(6 pgs)
Ex Parte Motion to Shorten Time (related document(s):2 Application to Employ Attorney filed by Debtor Power Block Coin, LLC, 4 Motion to Limit Notice filed by Debtor Power Block Coin, LLC, 5 Application to Employ (Professional) filed by Debtor Power Block Coin, LLC, 7 Motion to Modify filed by Debtor Power Block Coin, LLC, 11 Motion to Extend Automatic Stay filed by Debtor Power Block Coin, LLC) Filed by Power Block Coin, LLC. (Rothschild, Brian) (EOD: 06/24/2024)
06/24/24 13
(5 pgs)
Pending Order Re: 12 Motion to Shorten Time. (Rothschild, Brian) [Order# 451326] (EOD: 06/24/2024)
06/24/24 14
(17 pgs)
Notice of Hearing (related document(s):2 Application to Employ Attorney, 4 Motion to Limit Notice, 5 Application to Employ (Professional), 7 Motion to Modify, 11 Motion to Extend Automatic Stay) Filed by Power Block Coin, LLC. Hearing scheduled for 7/3/2024 at 02:00 PM at ZoomGov.com/join - JTM: Meeting ID: 161 5478 8875, Passcode: 3834658, Phone 1-669-254-5252. Deadline for filing objections: 7/3/2024. (Rothschild, Brian) (EOD: 06/24/2024)
06/24/24 15
(17 pgs)
Notice of Hearing (related document(s):2 Application to Employ Attorney, 4 Motion to Limit Notice, 5 Application to Employ (Professional), 7 Motion to Modify, 11 Motion to Extend Automatic Stay) Filed by Power Block Coin, LLC. Hearing scheduled for 7/30/2024 at 03:00 PM at ZoomGov.com/join - JTM: Meeting ID: 161 5478 8875, Passcode: 3834658, Phone 1-669-254-5252. Deadline for filing objections: 7/18/2024. (Rothschild, Brian) (EOD: 06/24/2024)
06/24/24 16
(5 pgs)
Pending Order Re:13 Pending Order. (Rothschild, Brian) [Order# 451374] (EOD: 06/24/2024)
06/25/24   Unsigned Order (related document(s):13  Pending Order filed by Brian M. Rothschild). Reason Order Was Unsigned: Order does not comply with Local Rule 5005-3. Please resubmit with correct margins. (gc) (EOD: 06/25/2024)
06/25/24 17
(8 pgs)
Exhibit (related document(s):[1] Voluntary Petition (Chapter 11) (EOD: 06/25/2024)
06/26/24   Unsigned Order (related document(s):16  Pending Order filed by Brian M. Rothschild).Reason Order Was Unsigned: This proposed order still does not comply with Local Rule 5005-3(a), which requires "a top margin of not less than 2-1/2 inches on the first page to accommodate the court's signature stamp." Please revise again and resubmit. (js) (EOD: 06/26/2024)
06/26/24 18
(4 pgs)
Order Setting (1) Status Conference; (2) Claims Bar Date; (3) Deadline for U.S.C. § 1111(b) Election; and (4) Other Deadlines (related document(s):[1] Voluntary Petition (Chapter 11) Status hearing to be held on 8/13/2024 at 11:00 AM at ZoomGov.com/join - JTM: Meeting ID: 161 5478 8875, Passcode: 3834658, Phone 1-669-254-5252 (EOD: 06/26/2024)
06/26/24 19
(5 pgs)
Pending Order Re: [12] Motion to Shorten Time. (Rothschild, Brian) (EOD: 06/26/2024)
06/26/24 20
(3 pgs)
USTR Appointment of Chapter 11 Trustee, Joli A. Lofstedt (Subchapter V Trustee) filed by USTR. (Kuhn, Peter) (EOD: 06/26/2024)
06/26/24 21
(5 pgs)
Order Granting Motion for Order to Shorten Time (Related Doc:12 Ex Parte Motion to Shorten Time) (js) (EOD: 06/26/2024)
06/28/24 22
(11 pgs)
Certificate of Service Re: Order. (related document(s):18 Order to Continue Hearing) Notice Date 06/28/2024. (Admin.)
06/28/24 23
(7 pgs)
Certificate of Service Re: Order. (related document(s):21 Order on Motion to Shorten Time) Notice Date 06/28/2024. (Admin.)
06/28/24 Notice of Meeting of Creditors 341(a) meeting to be held on 7/25/2024 via Chapter 11 341 Mtg Teleconference Line. Proofs of Claims due by 8/29/2024. Government Proof of Claim due by 12/17/2024. (jtt) (EOD: 06/28/2024)
06/30/24 24
(10 pgs)
341 Meeting Notice (see image for details) and BNC Certificate of Service. (related document(s):Notice Meeting of Creditors Chapter 11 & 12) Notice Date 06/30/2024. (Admin.)
07/01/24 25
(7 pgs)
Chapter 11 Subchapter V Guidelines for Debtors in Possession Filed by United States Trustee. (Willden tr, Melinda) (EOD 07/01/2024)
07/01/24 Notice of Appearance of Counsel and Request for Notice. Filed by United States Trustee. (Burne, Matthew) (EOD: 07/01/2024)
07/01/24 26
(2 pgs)
Motion Requesting Admission of Attorney Christopher L. Perkins to Practice Pro Hac Vice. Fee Amount: $50. Filed by Robert L. Brown, Lynn Brown, Daniel Stadelmann, Jason Brown. (Attachments: # (1) Application for Admission Pro Hac Vice) (Anderson, James) (EOD 07/01/2024)
07/02/24 27
(7 pgs)
Objection to (related document(s):7 Motion to Modify) Filed by United States Trustee. (Kuhn, Peter) (EOD 07/02/2024)
07/02/24 28
(2 pgs)
Pending Order Re:26 Motion to Appear pro hac vice. (Anderson, James) [Order# 451600] (EOD 07/02/2024)
07/02/24 29
(59 pgs)
Objection to (related document(s):11 Motion to Extend Automatic Stay) Filed by Jason Brown, Lynn Brown, Robert L. Brown, Daniel Stadelmann. (Anderson, James) (EOD 07/02/2024)
07/02/24 Notice of Appearance of Counsel and Request for Notice. Filed by Jason Brown, Lynn Brown, Robert L. Brown, Daniel Stadelmann. (Romney, Walter) (EOD: 07/02/2024)
07/02/24 30
(4 pgs)
Response to (related document(s):11 Motion to Extend Automatic Stay) Filed by Mason Song. (Heninger, Carson) (EOD 07/02/2024)
07/02/24 31
(2 pgs)
Pending Order Re:26 Motion to Appear pro hac vice. (Anderson, James) [Order# 451620] (EOD: 07/02/2024)
07/03/24 32
(2 pgs)
Pending Order Re:26 Motion to Appear pro hac vice. (Anderson, James) [Order# 451620] (EOD: 07/03/2024)
07/03/24 33
(2 pgs)
Order Granting Motion for Attorney Christopher L. Perkins for Robert L. Brown; Daniel Stadelmann; Jason Brown and Lynn Brown To Appear Pro Hac Vice (Related Doc:26 (gci)(EOD: 07/03/2024)
07/03/24 34
(21 pgs)
Objection to (related document(s):2 Application to Employ Attorney) Filed by United States Trustee. (Kuhn, Peter) (EOD: 07/03/2024)
07/03/24 35
(1 pgs)
PDF with attached Audio File. Court Date & Time [ 7/3/2024 2:00:50 PM ]. File Size [ 18764 KB ]. Run Time [ 00:39:05 ]. (Motion to Limit Notice of Establish Notice Procedures [Dkt. 4]). (admin). Email BRothschild@parsonsbehle.com to obtain a copy.
07/03/24 36
(3 pgs)
Pending Order Re:4 Motion to Limit Notice. (Rothschild, Brian) [Order# 451674](EOD: 07/03/2024)
07/03/24 37
(4 pgs)
Pending Order Re:4 Motion to Limit Notice. (Rothschild, Brian) [Order# 451675](EOD: 07/03/2024)
07/03/24 38
(3 pgs)
Order Granting Motion To Limit Notice and Establishing Procedures. (Related Doc #4 ) (gci) (EOD: 07/03/2024)
06/26/24   Minute Entry Re:4 Motion to Limit Notice Filed by Power Block Coin, LLC. Appearances: Brian M. Rothschild, Timothy Smith (DB); Carson Heninger (Mason Song); Christopher Perkins, Walter Romney (Robert Brown, Lynn Brown, Daniel Stadelmann, Jason Brown); Melinda Willden, Matthew Burne (UST); Joli Loftstedt (TR). Motion is granted per the terms stated on the record. OTF-Rothschild (mfr) (EOD: 07/03/2024)
06/26/24   Minute Entry Re: Hearing Continued (related document(s):7Motion to Modify). Appearances: Brian M. Rothschild, Timothy Smith (DB); Carson Heninger (Mason Song); Christopher Perkins, Walter Romney (Robert Brown, Lynn Brown, Daniel Stadelmann, Jason Brown); Melinda Willden, Matthew Burne (UST); Joli Loftstedt (TR). No relief granted at this time. Continued hearing scheduled for 07/30/2024 at 03:00 PM at ZoomGov.com/join - JTM: Meeting ID: 161 5478 8875, Passcode: 3834658, Phone 1-669-254-5252. (mfr) (EOD: 07/03/2024)
06/26/24   Minute Entry Re:11 Motion to Extend Automatic Stay Filed by Power Block Coin, LLC. Appearances: Brian M. Rothschild, Timothy Smith (DB); Carson Heninger (Mason Song); Christopher Perkins, Walter Romney (Robert Brown, Lynn Brown, Daniel Stadelmann, Jason Brown); Melinda Willden, Matthew Burne (UST); Joli Loftstedt (TR). Motion is denied without prejudice. OTF-Perkins (mfr) (EOD: 07/03/2024)
06/26/24   Notice of Endorsement(related document(s):36 M] Pending Order Re:4 Motion to Limit Notice. (Rothschild, Brian) [Order# 451674]). Endorsed with no objection Filed by United States Trustee. (Burne, Matthew)(EOD: 07/03/2024)
07/04/24 39
(90 pgs)
Statement of Financial Affairs and Schedules, Equity Security Holders. Filed by Power Block Coin, LLC. (Rothschild, Brian) (EOD: 07/04/2024)
07/04/24 40
(2 pgs)
Exhibit (related document(s):39 Statement of Financial Affairs and Schedules, Equity Security Holders) Continuation Sheet to Line 4 of Statement of Financial Affairs Filed by Power Block Coin, LLC. (Rothschild, Brian) (EOD: 07/04/2024)
07/05/24 4
(12 pgs)
Change to Motion to Limit Notice and Establish Noticing Procedures Filed by Power Block Coin LLC. (Rothschild, Brian) (EOD: 07/05/2024)
07/05/24 42
(4 pgs)
Order Granting Motion To Limit Notice and Establishing Notice Procedures. (Related Doc # 4 ) (gci) (EOD: 07/05/2024)
07/05/24 44
(4 pgs)
Certificate of Service Re: Order. (related document(s): 33 ) Order on Motion to Appear Pro Hac Vice) Notice Date 07/05/2024. (Admin.)
07/07/24 45
( 6 pgs)
Certificate of Service Re: Order. (related document(s):42 ) Order on Motion To Limit Notice) Notice Date 07/07/2024. (Admin.)
07/08/24 46
( 1 pgs)
Declaration Under Penalty of Perjury for Non-individual Regarding Schedules and Statement of Financial Affairs Filed by Power Block Coin, LLC. (Rothschild, Brian) (EOD: 07/08/2024)
07/10/24 47
( 3 pgs)
Pending Order Re: 11  Motion to Extend Automatic Stay. (Romney, Walter) [Order# 451850] (EOD: 07/10/2024)
07/10/24   Notice of Appearance of Counsel and Request for Notice by Landon S. Troester. Filed by Jason Brown, Lynn Brown, Robert L. Brown, Daniel Stadelmann. (Troester, Landon) (EOD: 07/10/2024)
07/10/24 48
( 3 pgs)
Order Denying Motion to Extend Automatic Stay Without Prejudice. (Related Doc # (11)  (gci) (EOD: 07/10/2024)

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