In re Power Home Solar, LLC d/b/a Pink Energy
Western District of North Carolina Bankruptcy Case No. 22-50228
THE BANKRUPTCY TRUSTEE’S RELEVANT COURT FILINGS CAN BE FOUND BY CLICKING THIS LINK.
On October 7, 2022, Power Home Solar, LLC d/b/a Pink Energy filed for protection under Chapter 7 of the United States Bankruptcy Code. Unfortunately, Pink Energy is now closed and is no longer operating. Attorney Jimmy Summerlin of Hickory has been appointed by the Bankruptcy Court as the Chapter 7 Trustee in charge of collecting and liquidating Pink Energy’s assets for distribution in accordance with the provisions of the United States Bankruptcy Code. Prior to his appointment, the Trustee was not affiliated with Pink Energy in any way and is not responsible for the acts and omissions of Pink Energy prior to the bankruptcy filing.
PLEASE BE ADVISED THAT NEITHER MR. SUMMERLIN NOR ANYONE IN HIS OFFICE CAN PROVIDE YOU LEGAL ADVICE. THERE IS NO NEED TO CALL OR EMAIL THE TRUSTEE’S OFFICE; HE CANNOT GIVE YOU ANY STATUS OR UPDATES OTHER THAN WHAT IS PROVIDED HERE.
The Pink Energy case was filed on October 7, 2022 and collection and administration of the company’s assets will take a substantial amount of time. We cannot predict if or when you may receive any distribution from the bankruptcy case and will not know that until all assets have been administered, all funds have been collected, and all claims have been reviewed. Pink Energy was a large company and over 30,000 bankruptcy notices have been mailed to creditors, former employees, and customers. It will take the Trustee and his attorneys a significant amount of time to complete this case.
On December 15, 2022, the Court issued a “Notice of Possible Dividends” to all creditors with an initial claims bar date of March 15, 2023. Upon the Trustee’s request, that deadline was subsequently extended to March 16, 2023 due to errors within the Court’s ePOC system occurring on March 15, 2023. Any claims filed after March 16, 2023 are considered as late filed claims and will receive a distribution, if any, only after all timely filed claims are paid in full.
The Trustee has completed the liquidation of Power Home Solar’s physical assets (equipment, inventory, etc.) as is currently working toward the recovery of pre-petition preferential payments and other “litigation” type assets, including pursuit of claims against Generac. More than 6,000 claims have been filed and it will take the Trustee a substantial amount of time to review those claims before any distribution, if any, can be made. There is no current timeline for resolution of the bankruptcy case and distributions on claims.
Customer Specific Information. If you have a solar system installed by Power Home Solar, the Trustee is unable to offer any service, warranty, or other information concerning your system. You may wish to contact Generac directly at 888-436-3722 or another solar provider in your area. If you have financed your solar system with a third-party financing company, such as GoodLeap, SunLight, Dividend, Solar Mosiac, etc., the Trustee is unable to assist you with any payments related to your loan. You should contact your lender directly. In a few rare cases, Pink Energy financed some solar systems directly. If you have a solar system financed directly with Pink Energy (i.e., you were making payments directly to Pink Energy), feel free to contact the Trustee at 828-322-4663 to discuss your loan.
