House of Taylor, which currently operates without a name (from here-on registrant / debtor,) informed the SEC that it had entered into a peaceful possession of collateral letter  with New Stream Secured Capital L.P. today. Under the possession letter, debtor acknowledged that it is indebted to New Stream for about $11.182 million. In addition, the amount must include interest accrued, commissions, costs, expenses, attorneys’ fees and other charges or contractual obligations, and charges associated with the sale or other disposition of the debtor’s assets. New Stream continues to have valid, enforceable and perfected first liens upon and security interests in certain of the debtor’s personal property.

Read Full Story