Just One Dime opens Chapter 7 liquidation with trustee-led asset sale path
Just One Dime Coaching, LLC filed a voluntary Chapter 7 petition on November 23, 2022, putting the Amazon/coaching business into liquidation rather than a debtor-in-possession restructuring. The petition identifies the debtor as a subsidiary of Just One Dime, LLC and schedules about $5.6 million of assets against about $30.4 million of liabilities, setting up a materially insolvent estate from the start source filing. Randolph N. Osherow was appointed interim trustee, then quickly flagged the case as an asset case with proofs of claim due February 27, 2023 source filing source filing.
The opening posture shifted from preservation to monetization by the January 9 hearing track. The trustee moved to sell personal property at 8516 Anderson and abandon certain customer inventory/customer information, while separately seeking to retain FLS Auction, Inc. as liquidating agent source filing source filing. The court approved the FLS retention and entered the sale/abandonment order on January 11, authorizing the trustee to proceed with the property sale and customer-inventory disposition mechanics source filing source filing.