A Receiver is an individual appointed by the Court as a neutral party to assume control over assets that are the subject of a dispute, or in this case, a voluntary dissolution of a business. As in this case, the Circuit Court provides instructions in the form of a court order concerning the receiver’s various responsibilities, duties and tasks. Mr. Stapleton was appointed as the Receiver. Mr. Stapleton was given the task of identifying all assets of the Receivership Entities. The Order calls for the Receiver to marshal and preserve assets and to clarify the financial affairs of the Receivership Estate. The Receiver submits periodic reports to the Court.

The Receiver has determined that no refunds will be made at this time. The Receiver has no estimate as to when or if there will be funds available to make refunds to creditors in the future. Such refunds or distributions will depend upon the amount of money recovered by the Receiver.

It is simply too early to make such an estimate. The Receiver will provide updates on potential recovery as the case evolves.

The Receiver cannot give tax or other legal advice.

If and when assets are recovered and there are funds in the Receivership Estate which are available for distribution, a claims process will be established and you will be given notice of how to file a claim. As a first step in this process, creditors will receive a proof of claim form. Please do not file a claim or otherwise notify the Receiver of your interest until you receive a formal notice from the Receiver.

Yes, however, the claims process has not yet been initiated. There will be no deadlines until after the Court approves a Compensation Plan. There will be no deadlines set until after the Court approves a claims procedure.

If you have questions or concerns, you can communicate via email at zadehkicks@stapletoninc.com or through this website. Due to the large volume of calls, it may not be possible for the Receiver to return creditor calls. Therefore, please try to refrain from calling the Receiver. The website will be the primary source for case information and will be updated to reflect significant receivership events.

The Receiver will file periodic reports with the court and the reports will be uploaded to the website. The website will also be updated whenever there is something substantive to report. Website visitors may request an email when the website is updated by submitting their email address in the “Contact Information” field at the left of the page.

The Receiver is an agent of the Court and therefore works for the appointing Judge. The beneficiaries of the Receiver’s work are all of you, the creditors. Some creditors have expressed the mistaken notion that the Receiver is adversarial to them. This is absolutely not so. It is just the opposite of that.

There are no specific time frames specified by the Court. However, the Receiver intends to move as quickly as possible, given the circumstances, but respectfully requests creditors be patient.

The Receiver is reviewing and analyzing the books and records of the company to help guide his recommendation for refunds or distributions, but it will be some time before any recommendation is formulated and presented to the Court for consideration.

At this time, the Receiver will not be fulfilling pending orders.

The Receiver is not currently offering inventory for sale.

The Receiver will look at options to recover funds from Mr. Malekzadeh if he finds that funds were improperly misappropriated. If you submit your contact information, we will keep you apprised of the status of those efforts. It is too early to determine if the Receiver will be able to recover funds and, if so, how much can be recovered.

No, not at this time. At some point in the case, every creditor/investor will receive a notice accompanied by a form or a link with notification of the filing deadline and instructions on how to file your claim. At this time, the Receiver is working to collect as much information as possible about the creditors. You MUST file a claim form if you believe Zadeh Kicks owes you money. Once you have received the notice and claims form and read the instructions provided, if you still have questions regarding preparing and filing a claim, you may wish to seek the advice of legal counsel. Neither the Receiver nor Donlin Recano can give you legal advice.