Case jw Doc 1 Filed 05/11/11 Entered 05/11/11 16:59:49 Desc Main Document Page 1 of 120

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1 }bk1{form 1. Voluntary Petition}bk{ B1 (fficial Form 1)(4/10) Case jw oc 1 Filed 05/11/11 ntered 05/11/11 16:59:49 esc Main ocument Page 1 of 120 ame of ebtor (if individual, enter Last, First, Middle): ntegrated Recycling Group of SC, LLC United States Bankruptcy Court istrict of South Carolina ame of Joint ebtor (Spouse) (Last, First, Middle): Voluntary Petition All ther ames used by the ebtor in the last 8 years (include married, maiden, and trade names): AKA RG; AKA ntegrated Recycling Group, nc. All ther ames used by the Joint ebtor in the last 8 years (include married, maiden, and trade names): Last four digits of Soc. Sec. or ndividualaxpayer.. () o./complete (if more than one, state all) Street Address of ebtor (o. and Street, City, and State): Main Street Cowpens, SC ZP Code County of Residence or of the Principal Place of Business: Spartanburg Mailing Address of ebtor (if different from street address): Last four digits of Soc. Sec. or ndividualaxpayer.. () o./complete (if more than one, state all) Street Address of Joint ebtor (o. and Street, City, and State): County of Residence or of the Principal Place of Business: Mailing Address of Joint ebtor (if different from street address): ZP Code ZP Code ZP Code Location of Principal Assets of Business ebtor (if different from street address above): ype of ebtor (Form of rganization) (Check one box) ndividual (includes Joint ebtors) See xhibit on page 2 of this form. Corporation (includes LLC and LLP) Partnership ther (f debtor is not one of the above entities, check this box and state type of entity below.) Full Filing Fee attached Filing Fee (Check one box) ature of Business (Check one box) Health Care Business Single Asset Real state as defined in 11 U.S.C. 101 (51B) Railroad Stockbroker Commodity Broker Clearing Bank ther axxempt ntity (Check box, if applicable) ebtor is a taxexempt organization under itle 26 of the United States Code (the nternal Revenue Code). Filing Fee to be paid in installments (applicable to individuals only). Must attach signed application for the court's consideration certifying that the debtor is unable to pay fee except in installments. Rule 1006(b). See fficial Form 3A. Filing Fee waiver requested (applicable to chapter 7 individuals only). Must attach signed application for the court's consideration. See fficial Form 3B. Statistical/Administrative nformation ebtor estimates that funds will be available for distribution to unsecured creditors. ebtor estimates that, after any exempt property is excluded and administrative expenses paid, there will be no funds available for distribution to unsecured creditors. stimated umber of Creditors Chapter 7 Chapter 9 Chapter 11 Chapter 12 Chapter ,000 5,001 10,001 25,001 50,001 VR ,000 10,000 25,000 50, , ,000 stimated Assets $0 to $50,001 to $100,001 to $500,001 $1,000,001 $10,000,001 $50,000,001 $100,000,001 $500,000,001 More than $50,000 $100,000 $500,000 to $1 to $10 to $50 to $100 to $500 to $1 billion $1 billion million million million million million stimated Liabilities $0 to $50,001 to $100,001 to $500,001 $1,000,001 $10,000,001 $50,000,001 $100,000,001 $500,000,001 More than $50,000 $100,000 $500,000 to $1 to $10 to $50 to $100 to $500 to $1 billion $1 billion million million million million million Chapter of Bankruptcy Code Under Which the Petition is Filed (Check one box) Chapter 15 Petition for Recognition of a Foreign Main Proceeding Chapter 15 Petition for Recognition of a Foreign onmain Proceeding ature of ebts (Check one box) ebts are primarily consumer debts, defined in 11 U.S.C. 101(8) as "incurred by an individual primarily for a personal, family, or household purpose." ebts are primarily business debts. Check one box: Chapter 11 ebtors ebtor is a small business debtor as defined in 11 U.S.C. 101(51). ebtor is not a small business debtor as defined in 11 U.S.C. 101(51). Check if: ebtor s aggregate noncontingent liquidated debts (excluding debts owed to insiders or affiliates) are less than $2,343,300 (amount subject to adjustment on 4/01/13 and every three years thereafter). Check all applicable boxes: A plan is being filed with this petition. Acceptances of the plan were solicited prepetition from one or more classes of creditors, in accordance with 11 U.S.C. 1126(b). HS SPAC S FR CUR US LY

2 Case jw oc 1 Filed 05/11/11 ntered 05/11/11 16:59:49 esc Main ocument Page 2 of 120 B1 (fficial Form 1)(4/10) Page 2 ame of ebtor(s): Voluntary Petition ntegrated Recycling Group of SC, LLC (his page must be completed and filed in every case) All Prior Bankruptcy Cases Filed Within Last 8 Years (f more than two, attach additional sheet) Location Case umber: ate Filed: Where Filed: one Location Case umber: ate Filed: Where Filed: Pending Bankruptcy Case Filed by any Spouse, Partner, or Affiliate of this ebtor (f more than one, attach additional sheet) ame of ebtor: Case umber: ate Filed: one istrict: Relationship: Judge: xhibit A (o be completed if debtor is required to file periodic reports (e.g., forms 10K and 10Q) with the Securities and xchange Commission pursuant to Section 13 or 15(d) of the Securities xchange Act of 1934 and is requesting relief under chapter 11.) xhibit A is attached and made a part of this petition. xhibit B (o be completed if debtor is an individual whose debts are primarily consumer debts.), the attorney for the petitioner named in the foregoing petition, declare that have informed the petitioner that [he or she] may proceed under chapter 7, 11, 12, or 13 of title 11, United States Code, and have explained the relief available under each such chapter. further certify that delivered to the debtor the notice required by 11 U.S.C. 342(b). X Signature of Attorney for ebtor(s) (ate) xhibit C oes the debtor own or have possession of any property that poses or is alleged to pose a threat of imminent and identifiable harm to public health or safety? Yes, and xhibit C is attached and made a part of this petition. o. xhibit (o be completed by every individual debtor. f a joint petition is filed, each spouse must complete and attach a separate xhibit.) xhibit completed and signed by the debtor is attached and made a part of this petition. f this is a joint petition: xhibit also completed and signed by the joint debtor is attached and made a part of this petition. nformation Regarding the ebtor Venue (Check any applicable box) ebtor has been domiciled or has had a residence, principal place of business, or principal assets in this istrict for 180 days immediately preceding the date of this petition or for a longer part of such 180 days than in any other istrict. here is a bankruptcy case concerning debtor's affiliate, general partner, or partnership pending in this istrict. ebtor is a debtor in a foreign proceeding and has its principal place of business or principal assets in the United States in this istrict, or has no principal place of business or assets in the United States but is a defendant in an action or proceeding [in a federal or state court] in this istrict, or the interests of the parties will be served in regard to the relief sought in this istrict. Certification by a ebtor Who Resides as a enant of Residential Property (Check all applicable boxes) Landlord has a judgment against the debtor for possession of debtor's residence. (f box checked, complete the following.) (ame of landlord that obtained judgment) (Address of landlord) ebtor claims that under applicable nonbankruptcy law, there are circumstances under which the debtor would be permitted to cure the entire monetary default that gave rise to the judgment for possession, after the judgment for possession was entered, and ebtor has included in this petition the deposit with the court of any rent that would become due during the 30day period after the filing of the petition. ebtor certifies that he/she has served the Landlord with this certification. (11 U.S.C. 362(l)).

3 B1 (fficial Form 1)(4/10) Page 3 ame of ebtor(s): Voluntary Petition ntegrated Recycling Group of SC, LLC (his page must be completed and filed in every case) Signatures Signature(s) of ebtor(s) (ndividual/joint) Signature of a Foreign Representative X X Case jw oc 1 Filed 05/11/11 ntered 05/11/11 16:59:49 esc Main ocument Page 3 of 120 declare under penalty of perjury that the information provided in this petition is true and correct. [f petitioner is an individual whose debts are primarily consumer debts and has chosen to file under chapter 7] am aware that may proceed under chapter 7, 11, 12, or 13 of title 11, United States Code, understand the relief available under each such chapter, and choose to proceed under chapter 7. [f no attorney represents me and no bankruptcy petition preparer signs the petition] have obtained and read the notice required by 11 U.S.C. 342(b). request relief in accordance with the chapter of title 11, United States Code, specified in this petition. Signature of ebtor Signature of Joint ebtor elephone umber (f not represented by attorney) X declare under penalty of perjury that the information provided in this petition is true and correct, that am the foreign representative of a debtor in a foreign proceeding, and that am authorized to file this petition. (Check only one box.) request relief in accordance with chapter 15 of title 11. United States Code. Certified copies of the documents required by 11 U.S.C are attached. Pursuant to 11 U.S.C. 1511, request relief in accordance with the chapter of title 11 specified in this petition. A certified copy of the order granting recognition of the foreign main proceeding is attached. Signature of Foreign Representative Printed ame of Foreign Representative ate Signature of onattorney Bankruptcy Petition Preparer X ate Signature of Attorney* /s/ Barbara George Barton Signature of Attorney for ebtor(s) Barbara George Barton 1221 Printed ame of Attorney for ebtor(s) Barton Law Firm, P.A. Firm ame P Box Columbia, SC Address declare under penalty of perjury that: (1) am a bankruptcy petition preparer as defined in 11 U.S.C. 110; (2) prepared this document for compensation and have provided the debtor with a copy of this document and the notices and information required under 11 U.S.C. 110(b), 110(h), and 342(b); and, (3) if rules or guidelines have been promulgated pursuant to 11 U.S.C. 110(h) setting a maximum fee for services chargeable by bankruptcy petition preparers, have given the debtor notice of the maximum amount before preparing any document for filing for a debtor or accepting any fee from the debtor, as required in that section. fficial Form 19 is attached. Printed ame and title, if any, of Bankruptcy Petition Preparer SocialSecurity number (f the bankrutpcy petition preparer is not an individual, state the Social Security number of the officer, principal, responsible person or partner of the bankruptcy petition preparer.)(required by 11 U.S.C. 110.) X Fax: elephone umber May 11, 2011 ate *n a case in which 707(b)(4)() applies, this signature also constitutes a certification that the attorney has no knowledge after an inquiry that the information in the schedules is incorrect. Signature of ebtor (Corporation/Partnership) declare under penalty of perjury that the information provided in this petition is true and correct, and that have been authorized to file this petition on behalf of the debtor. he debtor requests relief in accordance with the chapter of title 11, United States Code, specified in this petition. /s/ J. Murphy Armstrong, Jr. Signature of Authorized ndividual J. Murphy Armstrong, Jr. Printed ame of Authorized ndividual Manager, ntegrated Recycling Group of SC, LLC itle of Authorized ndividual May 11, 2011 ate X Address ate Signature of Bankruptcy Petition Preparer or officer, principal, responsible person,or partner whose Social Security number is provided above. ames and SocialSecurity numbers of all other individuals who prepared or assisted in preparing this document unless the bankruptcy petition preparer is not an individual: f more than one person prepared this document, attach additional sheets conforming to the appropriate official form for each person. A bankruptcy petition preparer s failure to comply with the provisions of title 11 and the Federal Rules of Bankruptcy Procedure may result in fines or imprisonment or both 11 U.S.C. 110; 18 U.S.C. 156.

4 Case jw oc 1 Filed 05/11/11 ntered 05/11/11 16:59:49 esc Main ocument Page 4 of 120 B4 (fficial Form 4) (12/07) United States Bankruptcy Court istrict of South Carolina n re ntegrated Recycling Group of SC, LLC Case o. ebtor(s) Chapter 11 LS F CRRS HLG 20 LARGS USCUR CLAMS Following is the list of the debtor's creditors holding the 20 largest unsecured claims. he list is prepared in accordance with Fed. R. Bankr. P. 1007(d) for filing in this chapter 11 [or chapter 9] case. he 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 20 largest unsecured claims. f a minor child is one of the creditors holding the 20 largest unsecured claims, state the child's initials and the name and address of the child's parent or guardian, such as "A.B., a minor child, by John oe, guardian." o not disclose the child's name. See 11 U.S.C. 112; Fed. R. Bankr. P. 1007(m). (1) (2) (3) (4) (5) ame of creditor and complete mailing address including zip code ABB, nc. %Mr. Al Bullington 378 S. Monterey rive Moore, SC BFP, nc. a/k/a BFP, LP a/k/a Bullington Family Partnership %Mr. Bryan Bullington 378 S. Monterey rive Moore, SC Carolina Care Plan P Box Cleveland, H Cohen Rags 6 Blue Ribbon Rd. Medway, MA CA 100 CA Blvd. Corbin, KY L nterprises, LLC 126 Raindrop Lane Hendersonville, Aaron nterprises 161 Washington St., Ste Conshohocken, PA Freudenberg exbond LP 660 Allied nd. Blvd. Macon, GA nternal Revenue Service P Box 7346 Philadelphia, PA J.. Herndon Co. P.. Box Charlotte, C Key Risk nsurance Company P.. Box Greensboro, C ame, telephone number and complete mailing address, including zip code, of employee, agent, or department of creditor familiar with claim who may be contacted ABB, nc. %Mr. Al Bullington 378 S. Monterey rive Moore, SC BFP, nc. a/k/a BFP, LP a/k/a Bullington Family Partnership %Mr. Bryan Bullington Moore, SC Carolina Care Plan P Box Cleveland, H Cohen Rags 6 Blue Ribbon Rd. Medway, MA CA 100 CA Blvd. Corbin, KY L nterprises, LLC 126 Raindrop Lane Hendersonville, Aaron nterprises 161 Washington St., Ste Conshohocken, PA Freudenberg exbond LP 660 Allied nd. Blvd. Macon, GA nternal Revenue Service P Box 7346 Philadelphia, PA J.. Herndon Co. P.. Box Charlotte, C Key Risk nsurance Company P.. Box Greensboro, C ature of claim (trade debt, bank loan, government contract, etc.) A/R; equipment; fixtures; inventory; etc. ndicate if claim is contingent, unliquidated, disputed, or subject to setoff Amount of claim [if secured, also state value of security] isputed 5,572, (0.00 secured) Money loaned isputed 774, Group Health nsurance 8, Raw materials 6, Raw materials 38, Raw materials 6, Raw materials 10, Raw materials 14, , (0.00 secured) Raw materials 36, Workers compensation insurance isputed 10, Software Copyright (c) CCH CRPRA Best Case Bankruptcy

5 Case jw oc 1 Filed 05/11/11 ntered 05/11/11 16:59:49 esc Main ocument Page 5 of 120 B4 (fficial Form 4) (12/07) Cont. n re ntegrated Recycling Group of SC, LLC Case o. ebtor(s) LS F CRRS HLG 20 LARGS USCUR CLAMS (Continuation Sheet) (1) (2) (3) (4) (5) ame of creditor and complete mailing address including zip code Plastex ncorporated 4 Crest Rd. dgefield, SC Polymer Group, nc. 002V P.. Box allas, X Precision Fabrics Group 301. Meadowview Road Greensboro, C RSRC 145 ewton Cole Road P Box 347 Forest City, C SC epartment of Revenue Withholding Columbia, SC Square /Schneider lectric, USA, nc. P.. Box allas, X SynCot Plastics, nc. 350 astwood rive P.. Box 69 Cramerton, C hunderbolt P Box 5695 Greenville, SC QL P Box Cincinnati, H ame, telephone number and complete mailing address, including zip code, of employee, agent, or department of creditor familiar with claim who may be contacted Plastex ncorporated 4 Crest Rd. dgefield, SC Polymer Group, nc. 002V P.. Box allas, X Precision Fabrics Group 301. Meadowview Road Greensboro, C RSRC 145 ewton Cole Road P Box 347 Forest City, C SC epartment of Revenue Withholding Columbia, SC Square /Schneider lectric, USA, nc. P.. Box allas, X SynCot Plastics, nc. 350 astwood rive P.. Box 69 Cramerton, C hunderbolt P Box 5695 Greenville, SC QL P Box Cincinnati, H ature of claim (trade debt, bank loan, government contract, etc.) ndicate if claim is contingent, unliquidated, disputed, or subject to setoff Amount of claim [if secured, also state value of security] Raw materials 26, Raw materials 44, Raw materials 8, Raw materials 19, , (0.00 secured) lectrical services 7, Raw materials 4, Freight services 4, Freight services 12, CLARA UR PALY F PRJURY BHALF F A CRPRA R PARRSHP, the Manager, ntegrated Recycling Group of SC, LLC of the corporation named as the debtor in this case, declare under penalty of perjury that have read the foregoing list and that it is true and correct to the best of my information and belief. ate May 11, 2011 Signature /s/ J. Murphy Armstrong, Jr. J. Murphy Armstrong, Jr. Manager, ntegrated Recycling Group of SC, LLC Penalty for making a false statement or concealing property: Fine of up to $500,000 or imprisonment for up to 5 years or both. 18 U.S.C. 152 and Software Copyright (c) CCH CRPRA Best Case Bankruptcy

6 }bk1{form 6. Sumary of Schedules}bk{ Case jw oc 1 Filed 05/11/11 ntered 05/11/11 16:59:49 esc Main ocument Page 6 of 120 B6 Summary (fficial Form 6 Summary) (12/07) n re ntegrated Recycling Group of SC, LLC United States Bankruptcy Court istrict of South Carolina ebtor, Case o. Chapter 11 SUMMARY F SCHULS ndicate as to each schedule whether that schedule is attached and state the number of pages in each. Report the totals from Schedules A, B,,, F,, and J in the boxes provided. Add the amounts from Schedules A and B to determine the total amount of the debtor s assets. Add the amounts of all claims from Schedules,, and F to determine the total amount of the debtor s liabilities. ndividual debtors must also complete the "Statistical Summary of Certain Liabilities and Related ata" if they file a case under chapter 7, 11, or 13. AM F SCHUL AACH. F ASSS LABLS HR (YS/) SHS A Real Property Yes B Personal Property Yes 13 1,177, C Property Claimed as xempt o 0 Creditors Holding Secured Claims Yes 2 5,883, Creditors Holding Unsecured Priority Claims (otal of Claims on Schedule ) Yes 2 8, F Creditors Holding Unsecured onpriority Claims Yes 17 1,530, G xecutory Contracts and Unexpired Leases Yes 1 H Codebtors Yes 1 Current ncome of ndividual ebtor(s) J Current xpenditures of ndividual ebtor(s) otal umber of Sheets of ALL Schedules o o 0 /A 0 /A 37 otal Assets 1,177, otal Liabilities 7,423, Software Copyright (c) CCH CRPRA Best Case Bankruptcy

7 }bk1{form 6. Statistical Sumary of Certain Liabilities and Related ata}bk{ Case jw oc 1 Filed 05/11/11 ntered 05/11/11 16:59:49 esc Main ocument Page 7 of 120 Form 6 Statistical Summary (12/07) n re ntegrated Recycling Group of SC, LLC United States Bankruptcy Court istrict of South Carolina ebtor, Case o. Chapter 11 SASCAL SUMMARY F CRA LABLS A RLA AA (28 U.S.C. 159) f you are an individual debtor whose debts are primarily consumer debts, as defined in 101(8) of the Bankruptcy Code (11 U.S.C. 101(8)), filing a case under chapter 7, 11 or 13, you must report all information requested below. Check this box if you are an individual debtor whose debts are primarily consumer debts. You are not required to report any information here. his information is for statistical purposes only under 28 U.S.C Summarize the following types of liabilities, as reported in the Schedules, and total them. ype of Liability Amount omestic Support bligations (from Schedule ) axes and Certain ther ebts wed to Governmental Units (from Schedule ) Claims for eath or Personal njury While ebtor Was ntoxicated (from Schedule ) (whether disputed or undisputed) Student Loan bligations (from Schedule F) omestic Support, Separation Agreement, and ivorce ecree bligations ot Reported on Schedule bligations to Pension or ProfitSharing, and ther Similar bligations (from Schedule F) AL State the following: Average ncome (from Schedule, Line 16) Average xpenses (from Schedule J, Line 18) Current Monthly ncome (from Form 22A Line 12; R, Form 22B Line 11; R, Form 22C Line 20 ) State the following: 1. otal from Schedule, "USCUR PR, F AY" column 2. otal from Schedule, "AMU L PRRY" column 3. otal from Schedule, "AMU L PRRY, F AY" column 4. otal from Schedule F 5. otal of nonpriority unsecured debt (sum of 1, 3, and 4) Software Copyright (c) CCH CRPRA Best Case Bankruptcy

8 }bk1{schedule A Real Property}bk{ B6A (fficial Form 6A) (12/07) Case jw oc 1 Filed 05/11/11 ntered 05/11/11 16:59:49 esc Main ocument Page 8 of 120 n re ntegrated Recycling Group of SC, LLC ebtor, Case o. SCHUL A RAL PRPRY xcept as directed below, list all real property in which the debtor has any legal, equitable, or future interest, including all property owned as a cotenant, community property, or in which the debtor has a life estate. nclude any property in which the debtor holds rights and powers exercisable for the debtor's own benefit. f the debtor is married, state whether husband, wife, both, or the marital community own the property by placing an "H," "W," "J," or "C" in the column labeled "Husband, Wife, Joint, or Community." f the debtor holds no interest in real property, write "one" under "escription and Location of Property." o not include interests in executory contracts and unexpired leases on this schedule. List them in Schedule G xecutory Contracts and Unexpired Leases. f an entity claims to have a lien or hold a secured interest in any property, state the amount of the secured claim. See Schedule. f no entity claims to hold a secured interest in the property, write "one" in the column labeled "Amount of Secured Claim." f the debtor is an individual or if a joint petition is filed, state the amount of any exemption claimed in the property only in Schedule C Property Claimed as xempt. escription and Location of Property ature of ebtor's nterest in Property Husband, Wife, Joint, or Community Current Value of ebtor's nterest in Property, without educting any Secured Claim or xemption Amount of Secured Claim one Subotal > 0.00 (otal of this page) 0 continuation sheets attached to the Schedule of Real Property otal > 0.00 (Report also on Summary of Schedules) Software Copyright (c) CCH CRPRA Best Case Bankruptcy

9 }bk1{schedule B Personal Property}bk{ B6B (fficial Form 6B) (12/07) Case jw oc 1 Filed 05/11/11 ntered 05/11/11 16:59:49 esc Main ocument Page 9 of 120 n re ntegrated Recycling Group of SC, LLC ebtor, Case o. xcept as directed below, list all personal property of the debtor of whatever kind. f the debtor has no property in one or more of the categories, place an "x" in the appropriate position in the column labeled "one." f additional space is needed in any category, attach a separate sheet properly identified with the case name, case number, and the number of the category. f the debtor is married, state whether husband, wife, both, or the marital community own the property by placing an "H," "W," "J," or "C" in the column labeled "Husband, Wife, Joint, or Community." f the debtor is an individual or a joint petition is filed, state the amount of any exemptions claimed only in Schedule C Property Claimed as xempt. o not list interests in executory contracts and unexpired leases on this schedule. List them in Schedule G xecutory Contracts and Unexpired Leases. f the property is being held for the debtor by someone else, state that person's name and address under "escription and Location of Property." f the property is being held for a minor child, simply state the child's initials and the name and address of the child's parent or guardian, such as "A.B., a minor child, by John oe, guardian." o not disclose the child's name. See, 11 U.S.C. 112 and Fed. R. Bankr. P. 1007(m). ype of Property 1. Cash on hand X SCHUL B PRSAL PRPRY escription and Location of Property Husband, Wife, Joint, or Community Current Value of ebtor's nterest in Property, without educting any Secured Claim or xemption 2. Checking, savings or other financial accounts, certificates of deposit, or shares in banks, savings and loan, thrift, building and loan, and homestead associations, or credit unions, brokerage houses, or cooperatives. Arthur State Bank Business Checking Parts ebit Card ( nding in 0211) Arthur State Bank Commercial Checking Supplemental Health nsurance ( nding in 0245) Arthur State Bank Business Checking perating ( nding in 6654) Arthur State Bank Commerical Checking Misc. ( nding in 4226) Arthur State Bank Bus. nvest. Collateral Account ( nding in 1183) , , Security deposits with public utilities, telephone companies, landlords, and others. BB& Surety Bond uke Power 29, Household goods and furnishings, including audio, video, and computer equipment. 5. Books, pictures and other art objects, antiques, stamp, coin, record, tape, compact disc, and other collections or collectibles. X X 6. Wearing apparel. X 7. Furs and jewelry. X Subotal > (otal of this page) 90, continuation sheets attached to the Schedule of Personal Property Software Copyright (c) CCH CRPRA Best Case Bankruptcy

10 Case jw oc 1 Filed 05/11/11 ntered 05/11/11 16:59:49 esc Main ocument Page 10 of 120 B6B (fficial Form 6B) (12/07) Cont. n re ntegrated Recycling Group of SC, LLC ebtor, Case o. SCHUL B PRSAL PRPRY (Continuation Sheet) ype of Property escription and Location of Property Husband, Wife, Joint, or Community Current Value of ebtor's nterest in Property, without educting any Secured Claim or xemption 8. Firearms and sports, photographic, and other hobby equipment. X 9. nterests in insurance policies. ame insurance company of each policy and itemize surrender or refund value of each. X 10. Annuities. temize and name each issuer. X 11. nterests in an education RA as defined in 26 U.S.C. 530(b)(1) or under a qualified State tuition plan as defined in 26 U.S.C. 529(b)(1). Give particulars. (File separately the record(s) of any such interest(s). 11 U.S.C. 521(c).) X 12. nterests in RA, RSA, Keogh, or other pension or profit sharing plans. Give particulars. X 13. Stock and interests in incorporated and unincorporated businesses. temize. X 14. nterests in partnerships or joint ventures. temize. X 15. Government and corporate bonds and other negotiable and nonnegotiable instruments. X 16. Accounts receivable. See Attached xhibit B16 525, Alimony, maintenance, support, and property settlements to which the debtor is or may be entitled. Give particulars. 18. ther liquidated debts owed to debtor including tax refunds. Give particulars. X X 19. quitable or future interests, life estates, and rights or powers exercisable for the benefit of the debtor other than those listed in Schedule A Real Property. X Subotal > (otal of this page) 525, Sheet 1 of 3 continuation sheets attached to the Schedule of Personal Property Software Copyright (c) CCH CRPRA Best Case Bankruptcy

11 Case jw oc 1 Filed 05/11/11 ntered 05/11/11 16:59:49 esc Main ocument Page 11 of 120 B6B (fficial Form 6B) (12/07) Cont. n re ntegrated Recycling Group of SC, LLC ebtor, Case o. SCHUL B PRSAL PRPRY (Continuation Sheet) ype of Property escription and Location of Property Husband, Wife, Joint, or Community Current Value of ebtor's nterest in Property, without educting any Secured Claim or xemption 20. Contingent and noncontingent interests in estate of a decedent, death benefit plan, life insurance policy, or trust. X 21. ther contingent and unliquidated claims of every nature, including tax refunds, counterclaims of the debtor, and rights to setoff claims. Give estimated value of each. Claims against ABB, nc.; BFP, LP a/k/a Bullington Family Partnership; Al B. Bullington, Jr.; and Bryan Bullington Unknown 22. Patents, copyrights, and other intellectual property. Give particulars. 23. Licenses, franchises, and other general intangibles. Give particulars. 24. Customer lists or other compilations containing personally identifiable information (as defined in 11 U.S.C. 101(41A)) provided to the debtor by individuals in connection with obtaining a product or service from the debtor primarily for personal, family, or household purposes. X X X 25. Automobiles, trucks, trailers, and other vehicles and accessories Chevy Pickup (153,417 miles) Location: Main Street, Cowpens SC Honda Accord (210,000 miles) Location: Main Street, Cowpens SC Kenworth A (1,246,954 miles) Location: Main Street, Cowpens SC , , GMC Yukon (167,000 miles) (1/2 ownership) 19, Boats, motors, and accessories. X 27. Aircraft and accessories. X 28. ffice equipment, furnishings, and supplies. Computers and furniture Location: Main Street, Cowpens SC , Machinery, fixtures, equipment, and supplies used in business. Margasa 2 earing Line 250, Pierret Cutters (2) 44, Subotal > (otal of this page) 327, Sheet 2 of 3 continuation sheets attached to the Schedule of Personal Property Software Copyright (c) CCH CRPRA Best Case Bankruptcy

12 Case jw oc 1 Filed 05/11/11 ntered 05/11/11 16:59:49 esc Main ocument Page 12 of 120 B6B (fficial Form 6B) (12/07) Cont. n re ntegrated Recycling Group of SC, LLC ebtor, Case o. SCHUL B PRSAL PRPRY (Continuation Sheet) ype of Property escription and Location of Property Husband, Wife, Joint, or Community Current Value of ebtor's nterest in Property, without educting any Secured Claim or xemption Horizontal Press 5, Hauser Panel Cutter 17, Milling Machine Miscellaneous quipment 22, Lift ruck 4, nventory. See Attached xhibit B30 184, Animals. X 32. Crops growing or harvested. Give particulars. 33. Farming equipment and implements. X X 34. Farm supplies, chemicals, and feed. X 35. ther personal property of any kind not already listed. temize. X Sheet 3 of 3 continuation sheets attached to the Schedule of Personal Property Software Copyright (c) CCH CRPRA Subotal > 233, (otal of this page) otal > 1,177, (Report also on Summary of Schedules) Best Case Bankruptcy

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22 }bk1{schedule Creditors Holding Secured Claims}bk{ B6 (fficial Form 6) (12/07) Case jw oc 1 Filed 05/11/11 ntered 05/11/11 16:59:49 esc Main ocument Page 22 of 120 n re ntegrated Recycling Group of SC, LLC ebtor, Case o. SCHUL CRRS HLG SCUR CLAMS State the name, mailing address, including zip code, and last four digits of any account number of all entities holding claims secured by property of the debtor as of the date of filing of the petition. he complete account number of any account the debtor has with the creditor is useful to the trustee and the creditor and may be provided if the debtor chooses to do so. List creditors holding all types of secured interests such as judgment liens, garnishments, statutory liens, mortgages, deeds of trust, and other security interests. List creditors in alphabetical order to the extent practicable. f a minor child is a creditor, the child's initials and the name and address of the child's parent or guardian, such as "A.B., a minor child, by John oe, guardian." o not disclose the child's name. See, 11 U.S.C. 112 and Fed. R. Bankr. P. 1007(m). f all secured creditors will not fit on this page, use the continuation sheet provided. f any entity other than a spouse in a joint case may be jointly liable on a claim, place an "X" in the column labeled "Codebtor",include the entity on the appropriate schedule of creditors, and complete Schedule H Codebtors. f a joint petition is filed, state whether the husband, wife, both of them, or the marital community may be liable on each claim by placing an "H", "W", "J", or "C" in the column labeled "Husband, Wife, Joint, or Community". f the claim is contingent, place an "X" in the column labeled "Contingent". f the claim is unliquidated, place an "X" in the column labeled "Unliquidated". f the claim is disputed, place an "X" in the column labeled "isputed". (You may need to place an "X" in more than one of these three columns.) otal the columns labeled "Amount of Claim Without educting Value of Collateral" and "Unsecured Portion, if Any" in the boxes labeled "otal(s)" on the last sheet of the completed schedule. Report the total from the column labeled "Amount of Claim" also on the Summary of Schedules and, if the debtor is an individual with primarily consumer debts, report the total from the column labeled "Unsecured Portion" on the Statistical Summary of Certain Liabilities and Related ata. Check this box if debtor has no creditors holding secured claims to report on this Schedule. CRR'S AM A MALG ARSS CLUG ZP C, A ACCU UMBR (See instructions above.) ABB, nc. %Mr. Al Bullington 378 S. Monterey rive Moore, SC C B R Husband, Wife, Joint, or Community H W J C A CLAM WAS CURR, AUR F L, A SCRP A VALU F PRPRY SUBJC L 10/19/2005 (modified 2/12/07) UCC (nvalid filed unilaterally) A/R; equipment; fixtures; inventory; etc. X C G U L Q U A S P U AMU F CLAM WHU UCG VALU F CLLARAL USCUR PR, F AY Value $ ****0948 UCC ,572, ,572, Arthur State Bank Spartanburg ast 756 ast Main Street Spartanburg, SC X Cash held in Arthur State Bank Account o. ****1183 Value $ 8/27/ , , nternal Revenue Service P Box 7346 Philadelphia, PA X Federal ax Liens (2009 and axes) Value $ 11/9/ , , SC epartment of Revenue Withholding Columbia, SC X State ax Lien (2008, 2009 and 2010 mployer Withholding ax) 1 continuation sheets attached Value $ 0.00 Subtotal (otal of this page) 57, , ,882, ,824, Software Copyright (c) CCH CRPRA Best Case Bankruptcy

23 Case jw oc 1 Filed 05/11/11 ntered 05/11/11 16:59:49 esc Main ocument Page 23 of 120 B6 (fficial Form 6) (12/07) Cont. n re ntegrated Recycling Group of SC, LLC ebtor, Case o. SCHUL CRRS HLG SCUR CLAMS (Continuation Sheet) CRR'S AM A MALG ARSS CLUG ZP C, A ACCU UMBR (See instructions.) SC&W P Box 995 Columbia, SC C B R X Husband, Wife, Joint, or Community H W J C 11/18/2010 A CLAM WAS CURR, AUR F L, A SCRP A VALU F PRPRY SUBJC L ax Lien (2009 mployment axes) C G U L Q U A S P U AMU F CLAM WHU UCG VALU F CLLARAL USCUR PR, F AY Value $ , , Value $ Value $ Value $ Value $ Sheet 1 of 1 continuation sheets attached to Schedule of Creditors Holding Secured Claims Subtotal (otal of this page) 1, , otal (Report on Summary of Schedules) 5,883, ,825, Software Copyright (c) CCH CRPRA Best Case Bankruptcy

24 }bk1{schedule Creditors Holding Unsecured Priority Claims}bk{ B6 (fficial Form 6) (4/10) Case jw oc 1 Filed 05/11/11 ntered 05/11/11 16:59:49 esc Main ocument Page 24 of 120 n re ntegrated Recycling Group of SC, LLC ebtor, Case o. SCHUL CRRS HLG USCUR PRRY CLAMS A complete list of claims entitled to priority, listed separately by type of priority, is to be set forth on the sheets provided. nly holders of unsecured claims entitled to priority should be listed in this schedule. n the boxes provided on the attached sheets, state the name, mailing address, including zip code, and last four digits of the account number, if any, of all entities holding priority claims against the debtor or the property of the debtor, as of the date of the filing of the petition. Use a separate continuation sheet for each type of priority and label each with the type of priority. he complete account number of any account the debtor has with the creditor is useful to the trustee and the creditor and may be provided if the debtor chooses to do so. f a minor child is a creditor, state the child's initials and the name and address of the child's parent or guardian, such as "A.B., a minor child, by John oe, guardian." o not disclose the child's name. See, 11 U.S.C. 112 and Fed. R. Bankr. P. 1007(m). f any entity other than a spouse in a joint case may be jointly liable on a claim, place an "X" in the column labeled "Codebtor," include the entity on the appropriate schedule of creditors, and complete Schedule HCodebtors. f a joint petition is filed, state whether the husband, wife, both of them, or the marital community may be liable on each claim by placing an "H," "W," "J," or "C" in the column labeled "Husband, Wife, Joint, or Community." f the claim is contingent, place an "X" in the column labeled "Contingent." f the claim is unliquidated, place an "X" in the column labeled "Unliquidated." f the claim is disputed, place an "X" in the column labeled "isputed." (You may need to place an "X" in more than one of these three columns.) Report the total of claims listed on each sheet in the box labeled "Subtotals" on each sheet. Report the total of all claims listed on this Schedule in the box labeled "otal" on the last sheet of the completed schedule. Report this total also on the Summary of Schedules. Report the total of amounts entitled to priority listed on each sheet in the box labeled "Subtotals" on each sheet. Report the total of all amounts entitled to priority listed on this Schedule in the box labeled "otals" on the last sheet of the completed schedule. ndividual debtors with primarily consumer debts report this total also on the Statistical Summary of Certain Liabilities and Related ata. Report the total of amounts not entitled to priority listed on each sheet in the box labeled "Subtotals" on each sheet. Report the total of all amounts not entitled to priority listed on this Schedule in the box labeled "otals" on the last sheet of the completed schedule. ndividual debtors with primarily consumer debts report this total also on the Statistical Summary of Certain Liabilities and Related ata. Check this box if debtor has no creditors holding unsecured priority claims to report on this Schedule. YPS F PRRY CLAMS (Check the appropriate box(es) below if claims in that category are listed on the attached sheets) omestic support obligations Claims for domestic support that are owed to or recoverable by a spouse, former spouse, or child of the debtor, or the parent, legal guardian, or responsible relative of such a child, or a governmental unit to whom such a domestic support claim has been assigned to the extent provided in 11 U.S.C. 507(a)(1). xtensions of credit in an involuntary case Claims arising in the ordinary course of the debtor's business or financial affairs after the commencement of the case but before the earlier of the appointment of a trustee or the order for relief. 11 U.S.C. 507(a)(3). Wages, salaries, and commissions Wages, salaries, and commissions, including vacation, severance, and sick leave pay owing to employees and commissions owing to qualifying independent sales representatives up to $11,725* per person earned within 180 days immediately preceding the filing of the original petition, or the cessation of business, whichever occurred first, to the extent provided in 11 U.S.C. 507(a)(4). Contributions to employee benefit plans Money owed to employee benefit plans for services rendered within 180 days immediately preceding the filing of the original petition, or the cessation of business, whichever occurred first, to the extent provided in 11 U.S.C. 507(a)(5). Certain farmers and fishermen Claims of certain farmers and fishermen, up to $5,775* per farmer or fisherman, against the debtor, as provided in 11 U.S.C. 507(a)(6). eposits by individuals Claims of individuals up to $2,600* for deposits for the purchase, lease, or rental of property or services for personal, family, or household use, that were not delivered or provided. 11 U.S.C. 507(a)(7). axes and certain other debts owed to governmental units axes, customs duties, and penalties owing to federal, state, and local governmental units as set forth in 11 U.S.C. 507(a)(8). Commitments to maintain the capital of an insured depository institution Claims based on commitments to the FC, RC, irector of the ffice of hrift Supervision, Comptroller of the Currency, or Board of Governors of the Federal Reserve System, or their predecessors or successors, to maintain the capital of an insured depository institution. 11 U.S.C. 507 (a)(9). Claims for death or personal injury while debtor was intoxicated Claims for death or personal injury resulting from the operation of a motor vehicle or vessel while the debtor was intoxicated from using alcohol, a drug, or another substance. 11 U.S.C. 507(a)(10). * Amount subject to adjustment on 4/01/13, and every three years thereafter with respect to cases commenced on or after the date of adjustment. 1 continuation sheets attached Software Copyright (c) CCH CRPRA Best Case Bankruptcy

25 Case jw oc 1 Filed 05/11/11 ntered 05/11/11 16:59:49 esc Main ocument Page 25 of 120 B6 (fficial Form 6) (4/10) Cont. n re ntegrated Recycling Group of SC, LLC ebtor, Case o. SCHUL CRRS HLG USCUR PRRY CLAMS (Continuation Sheet) Contributions to employee benefit plans YP F PRRY CRR'S AM, A MALG ARSS CLUG ZP C, A ACCU UMBR (See instructions.) xxxxx1100 Carolina Care Plan P Box Cleveland, H C B R Husband, Wife, Joint, or Community H W J C A CLAM WAS CURR A CSRA FR CLAM ngoing Group Health nsurance C G U L Q U A S P U AMU F CLAM AMU L PRRY, F AY 0.00 AMU L PRRY 8, , Sheet 1 of 1 continuation sheets attached to Schedule of Creditors Holding Unsecured Priority Claims Subtotal (otal of this page) otal (Report on Summary of Schedules) , , , , Software Copyright (c) CCH CRPRA Best Case Bankruptcy

26 }bk1{schedule F Creditors Holding Unsecured onpriority Claims}bk{ B6F (fficial Form 6F) (12/07) Case jw oc 1 Filed 05/11/11 ntered 05/11/11 16:59:49 esc Main ocument Page 26 of 120 n re ntegrated Recycling Group of SC, LLC ebtor, Case o. SCHUL F CRRS HLG USCUR PRRY CLAMS State the name, mailing address, including zip code, and last four digits of any account number, of all entities holding unsecured claims without priority against the debtor or the property of the debtor, as of the date of filing of the petition. he complete account number of any account the debtor has with the creditor is useful to the trustee and the creditor and may be provided if the debtor chooses to do so. f a minor child is a creditor, state the child's initials and the name and address of the child's parent or guardian, such as "A.B., a minor child, by John oe, guardian." o not disclose the child's name. See, 11 U.S.C. 112 and Fed. R. Bankr. P. 1007(m). o not include claims listed in Schedules and. f all creditors will not fit on this page, use the continuation sheet provided. f any entity other than a spouse in a joint case may be jointly liable on a claim, place an "X" in the column labeled "Codebtor," include the entity on the appropriate schedule of creditors, and complete Schedule H Codebtors. f a joint petition is filed, state whether the husband, wife, both of them, or the marital community may be liable on each claim by placing an "H," "W," "J," or "C" in the column labeled "Husband, Wife, Joint, or Community." f the claim is contingent, place an "X" in the column labeled "Contingent." f the claim is unliquidated, place an "X" in the column labeled "Unliquidated." f the claim is disputed, place an "X" in the column labeled "isputed." (You may need to place an "X" in more than one of these three columns.) Report the total of all claims listed on this schedule in the box labeled "otal" on the last sheet of the completed schedule. Report this total also on the Summary of Schedules and, if the debtor is an individual with primarily consumer debts, report this total also on the Statistical Summary of Certain Liabilities and Related ata. Check this box if debtor has no creditors holding unsecured claims to report on this Schedule F. CRR'S AM, MALG ARSS CLUG ZP C, A ACCU UMBR (See instructions above.) ArmstrongCowpens, LLC Main Street Cowpens, SC C B R Husband, Wife, Joint, or Community H W J C A CLAM WAS CURR A CSRA FR CLAM. F CLAM S SUBJC SFF, S SA. Building & quipment Lease (including property taxes) C G U L Q U A S P U AMU F CLAM 288, Raw materials ASC Morris Chapel Rd. Charlotte, C , Freight services Axis Global Logistics, LLC P Box 6507 ouglasville, GA Freight services Baker ransportation P.. Box Cades, SC continuation sheets attached Subtotal (otal of this page) 292, Software Copyright (c) CCH CRPRA S/: Best Case Bankruptcy

27 Case jw oc 1 Filed 05/11/11 ntered 05/11/11 16:59:49 esc Main ocument Page 27 of 120 B6F (fficial Form 6F) (12/07) Cont. n re ntegrated Recycling Group of SC, LLC ebtor, Case o. SCHUL F CRRS HLG USCUR PRRY CLAMS (Continuation Sheet) CRR'S AM, MALG ARSS CLUG ZP C, A ACCU UMBR (See instructions above.) BFP, nc. a/k/a BFP, LP a/k/a Bullington Family Partnership %Mr. Bryan Bullington 378 S. Monterey rive Moore, SC C B R Husband, Wife, Joint, or Community H W J C A CLAM WAS CURR A CSRA FR CLAM. F CLAM S SUBJC SFF, S SA. 2/12/2007 Money loaned X Machine repairs C G U L Q U A S P U AMU F CLAM 774, Bob's Cutter Griding Service, nc. Maple Creek ndustrial Park P.. Box 763 Mauldin, SC Fuel BP Business Solutions P.. Box Charlotte, C , nsurance Bridgefield Casualty nsurance P.. Box Lakeland, FL , rug testing Carolina Analysis, nc. P Box 8237 Spartanburg, SC Sheet no. 1 of 16 sheets attached to Schedule of Creditors Holding Unsecured onpriority Claims Subtotal (otal of this page) 779, Software Copyright (c) CCH CRPRA Best Case Bankruptcy

28 Case jw oc 1 Filed 05/11/11 ntered 05/11/11 16:59:49 esc Main ocument Page 28 of 120 B6F (fficial Form 6F) (12/07) Cont. n re ntegrated Recycling Group of SC, LLC ebtor, Case o. SCHUL F CRRS HLG USCUR PRRY CLAMS (Continuation Sheet) CRR'S AM, MALG ARSS CLUG ZP C, A ACCU UMBR (See instructions above.) C B R Husband, Wife, Joint, or Community H W J C A CLAM WAS CURR A CSRA FR CLAM. F CLAM S SUBJC SFF, S SA. Fire prevention services and supplies C G U L Q U A S P U AMU F CLAM Carolina Fire Services, nc. P Box 400 Arcadia, SC Raw materials Carolina YarnsV Henderson Hill Road Huntersville, C Fiber lab work ChemBAC Laboratories P.. Box Charlotte, C Raw materials Cohen Rags 6 Blue Ribbon Rd. Medway, MA , Freight services Continental Freight Services, nc. P Box 804 Blythewood, SC , Sheet no. 2 of 16 sheets attached to Schedule of Creditors Holding Unsecured onpriority Claims Subtotal (otal of this page) 10, Software Copyright (c) CCH CRPRA Best Case Bankruptcy

29 Case jw oc 1 Filed 05/11/11 ntered 05/11/11 16:59:49 esc Main ocument Page 29 of 120 B6F (fficial Form 6F) (12/07) Cont. n re ntegrated Recycling Group of SC, LLC ebtor, Case o. SCHUL F CRRS HLG USCUR PRRY CLAMS (Continuation Sheet) CRR'S AM, MALG ARSS CLUG ZP C, A ACCU UMBR (See instructions above.) C B R Husband, Wife, Joint, or Community H W J C A CLAM WAS CURR A CSRA FR CLAM. F CLAM S SUBJC SFF, S SA. Raw materials C G U L Q U A S P U AMU F CLAM CA 100 CA Blvd. Corbin, KY , Raw materials avie Recycling, LLC 1893 Cornatzer Road Mocksville, C , Machine repair avis Machining & Fabrication 409 Rhapsody Lane Boiling Springs, SC , Raw materials elta Paper xports 161 Washington St., Ste Conshohocken, PA , Raw materials L nterprises, LLC 126 Raindrop Lane Hendersonville, , Sheet no. 3 of 16 sheets attached to Schedule of Creditors Holding Unsecured onpriority Claims Subtotal (otal of this page) 52, Software Copyright (c) CCH CRPRA Best Case Bankruptcy