Case 10-24178 Doc 1 Filed 04/16/10 Entered 04/16/10 10:11:28 Desc Main Document Page 1 of 31. 3450 Fescue Lane Memphis, TN 38115-4184



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}bk1{form 1. Voluntary Petition}bk{ B1 (fficial Form 1)(4/10) ase 1024178 oc 1 Filed 04/16/10 ntered 04/16/10 10:11:28 esc Main ocument Page 1 of 31 nited States Bankruptcy ourt Western istrict of ennessee ame of ebtor (if individual enter Last First Middle): Village Green GP a evada general partnership 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): 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./omplete (if more than one state all) 861151771 Street Address of ebtor (o. and Street ity and State): 1437 entral Avenue Suite 1200 Memphis ZP ode 38104 ounty of Residence or of the Principal Place of Business: Shelby Mailing Address of ebtor (if different from street address): Last four digits of Soc. Sec. or ndividualaxpayer.. () o./omplete (if more than one state all) Street Address of Joint ebtor (o. and Street ity and State): ounty of Residence or of the Principal Place of Business: Mailing Address of Joint ebtor (if different from street address): ZP ode ZP ode ZP ode Location of Principal Assets of Business ebtor (if different from street address above): 3450 Fescue Lane Memphis 381154184 ype of ebtor (Form of rganization) (heck one box) ndividual (includes Joint ebtors) See xhibit on page 2 of this form. orporation (includes LL 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 (heck one box) ature of Business (heck one box) Health are Business Single Asset Real state as defined in 11.S.. 101 (51B) Railroad Stockbroker ommodity Broker learing Bank ther axxempt ntity (heck box if applicable) ebtor is a taxexempt organization under itle 26 of the nited States ode (the nternal Revenue ode). 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 reditors hapter 7 hapter 9 hapter 11 hapter 12 hapter 13 1 50 100 200 1000 5001 10001 25001 50001 VR 49 99 199 999 5000 10000 25000 50000 100000 100000 stimated Assets $0 to $50001 to $100001 to $500001 $1000001 $10000001 $50000001 $100000001 $500000001 More than $50000 $100000 $500000 to $1 to $10 to $50 to $100 to $500 to $1 billion $1 billion million million million million million stimated Liabilities $0 to $50001 to $100001 to $500001 $1000001 $10000001 $50000001 $100000001 $500000001 More than $50000 $100000 $500000 to $1 to $10 to $50 to $100 to $500 to $1 billion $1 billion million million million million million hapter of Bankruptcy ode nder Which the Petition is Filed (heck one box) hapter 15 Petition for Recognition of a Foreign Main Proceeding hapter 15 Petition for Recognition of a Foreign onmain Proceeding ature of ebts (heck one box) ebts are primarily consumer debts defined in 11.S.. 101(8) as "incurred by an individual primarily for a personal family or household purpose." ebts are primarily business debts. heck one box: hapter 11 ebtors ebtor is a small business debtor as defined in 11.S.. 101(51). ebtor is not a small business debtor as defined in 11.S.. 101(51). heck if: ebtor s aggregate noncontingent liquidated debts (excluding debts owed to insiders or affiliates) are less than $2343300 (amount subject to adjustment on 4/01/13 and every three years thereafter). heck 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.S.. 1126(b). HS SPA S FR R S LY

ase 1024178 oc 1 Filed 04/16/10 ntered 04/16/10 10:11:28 esc Main ocument Page 2 of 31 B1 (fficial Form 1)(4/10) Page 2 ame of ebtor(s): Voluntary Petition Village Green GP a evada general partnership (his page must be completed and filed in every case) All Prior Bankruptcy ases Filed Within Last 8 Years (f more than two attach additional sheet) Location ase umber: ate Filed: Where Filed: one Location ase umber: ate Filed: Where Filed: Pending Bankruptcy ase Filed by any Spouse Partner or Affiliate of this ebtor (f more than one attach additional sheet) ame of ebtor: ase 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 ommission 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 nited States ode and have explained the relief available under each such chapter. further certify that delivered to the debtor the notice required by 11.S.. 342(b). Signature of Attorney for ebtor(s) (ate) xhibit 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 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 (heck 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 nited States in this istrict or has no principal place of business or assets in the nited 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. ertification by a ebtor Who Resides as a enant of Residential Property (heck 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.S.. 362(l)).

B1 (fficial Form 1)(4/10) Page 3 ame of ebtor(s): Voluntary Petition Village Green GP a evada general partnership (his page must be completed and filed in every case) Signatures Signature(s) of ebtor(s) (ndividual/joint) Signature of a Foreign Representative 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 nited States ode 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.S.. 342(b). request relief in accordance with the chapter of title 11 nited States ode specified in this petition. Signature of ebtor ase 1024178 oc 1 Filed 04/16/10 ntered 04/16/10 10:11:28 esc Main ocument Page 3 of 31 Signature of Joint ebtor elephone umber (f not represented by attorney) 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. (heck only one box.) request relief in accordance with chapter 15 of title 11. nited States ode. ertified copies of the documents required by 11.S.. 1515 are attached. Pursuant to 11.S.. 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 ate Signature of Attorney* /s/ John L. Ryder Signature of Attorney for ebtor(s) John L. Ryder 8258 Printed ame of Attorney for ebtor(s) Harris Shelton Hanover Walsh PLL Firm ame 2700 ne ommerce Square Memphis 381032555 Address declare under penalty of perjury that: (1) am a bankruptcy petition preparer as defined in 11.S.. 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.S.. 110(b) 110(h) and 342(b); and (3) if rules or guidelines have been promulgated pursuant to 11.S.. 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.S.. 110.) (901) 5251455 Fax: (901) 5264084 elephone umber April 16 2010 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 (orporation/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 nited States ode specified in this petition. /s/ ric lauson Signature of Authorized ndividual ric lauson Printed ame of Authorized ndividual Managing Member P Village Green wner LL itle of Authorized ndividual April 16 2010 ate Address ate Signature of Bankruptcy Petition Preparer or officer principal responsible personor 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.S.. 110; 18.S.. 156.

ase 1024178 oc 1 Filed 04/16/10 ntered 04/16/10 10:11:28 esc Main ocument Page 4 of 31 B4 (fficial Form 4) (12/07) nited States Bankruptcy ourt Western istrict of ennessee n re Village Green GP a evada general partnership ase o. ebtor(s) hapter 11 LS F RRS HLG 20 LARGS SR LAMS 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.S.. 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.S.. 112; Fed. R. Bankr. P. 1007(m). (1) (2) (3) (4) (5) ame of creditor and complete mailing address including zip code A Mays arpet 1986 Goodman Rd West Horn Lake MS A to Z onstruction Services 581 Vandalia Memphis 38112 A Security Services P Box 371956 Pittsburgh PA 152507956 Advance arpet leaning 1960 Lancaster Rd nville 38332 Alan's arpet Flooring nc. 167 Hwy 72 ollierville 38017 Albany mperiall 3550 Frankie arolyn r Memphis 38118 Apartment Marketer.com 6560 Greenwood Plaza Blvd Ste 425 nglewood 80111 Awesome leaning Services P Box 280143 Memphis 38168 Baer & Baer P.. 200 Jefferson Ave Ste 725 Memphis 38103 Blind Ambition 2602 Faxon Avenue Memphis 38112 onsumer Source nc P Box 402039 Atlanta GA 303842039 ame telephone number and complete mailing address including zip code of employee agent or department of creditor familiar with claim who may be contacted A Mays arpet 1986 Goodman Rd West Horn Lake MS A to Z onstruction Services 581 Vandalia Memphis 38112 A Security Services P Box 371956 Pittsburgh PA 152507956 Advance arpet leaning 1960 Lancaster Rd nville 38332 Alan's arpet Flooring nc. 167 Hwy 72 ollierville 38017 Albany mperiall 3550 Frankie arolyn r Memphis 38118 Apartment Marketer.com 6560 Greenwood Plaza Blvd Ste 425 nglewood 80111 Awesome leaning Services P Box 280143 Memphis 38168 Baer & Baer P.. 200 Jefferson Ave Ste 725 Memphis 38103 Blind Ambition 2602 Faxon Avenue Memphis 38112 onsumer Source nc P Box 402039 Atlanta GA 303842039 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] 3357.50 3150.96 215.75 3330.00 819.00 139.95 100.00 370.00 1091.08 131.10 985.00 Software opyright (c) 19962010 Best ase Solutions vanston L bestcase.com

ase 1024178 oc 1 Filed 04/16/10 ntered 04/16/10 10:11:28 esc Main ocument Page 5 of 31 B4 (fficial Form 4) (12/07) ont. n re Village Green GP a evada general partnership ase o. ebtor(s) LS F RRS HLG 20 LARGS SR LAMS (ontinuation Sheet) (1) (2) (3) (4) (5) ame of creditor and complete mailing address including zip code yno Sewer 5300 Mendenhall Park Place Memphis 381155409 ric lauson 1437 entral Ave Memphis 38104 Farrell alhoun Paint o. nc. 3651 S. Mendenhall Memphis 38115 FMA c/o Jonathan F. eitenberg Frost Brown odd LL 424 hurch Street Suite 1600 ashville 372192308 FMA c/o Wachovia Wachovia Wholesale Lockbox P.. Box 60253 harlotte 282600253 Jones Auto Glass & nstallation 3285 ast Rosita ircle Memphis 38116 Lexington Asset Management 1437 entral Ave Memphis 38104 Memphis Light Gas & Water P Box 388 Memphis 381450388 Wilmar P Box 404284 Atlanta GA 303854284 ame telephone number and complete mailing address including zip code of employee agent or department of creditor familiar with claim who may be contacted yno Sewer 5300 Mendenhall Park Place Memphis 381155409 ric lauson 1437 entral Ave Memphis 38104 Farrell alhoun Paint o. nc. 3651 S. Mendenhall Memphis 38115 FMA c/o Jonathan F. eitenberg Frost Brown odd LL ashville 372192308 FMA c/o Wachovia Wachovia Wholesale Lockbox P.. Box 60253 harlotte 282600253 Jones Auto Glass & nstallation 3285 ast Rosita ircle Memphis 38116 Lexington Asset Management 1437 entral Ave Memphis 38104 Memphis Light Gas & Water P Box 388 Memphis 381450388 Wilmar P Box 404284 Atlanta GA 303854284 ature of claim (trade debt bank loan government contract etc.) Village Green Apartments 3450 Fescue Lane Memphis 38115 ndicate if claim is contingent unliquidated disputed or subject to setoff LARA R PALY F PRJRY BHALF F A RPRA R PARRSHP Amount of claim [if secured also state value of security] 450.00 285.05 246.58 8500000.00 (0.00 secured) 218020.50 110.00 9329.04 567.98 238.49 the Managing Member P Village Green wner LL of the partnership 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 April 16 2010 Signature /s/ ric lauson ric lauson Managing Member P Village Green wner LL Penalty for making a false statement or concealing property: Fine of up to $500000 or imprisonment for up to 5 years or both. 18.S.. 152 and 3571. Software opyright (c) 19962010 Best ase Solutions vanston L bestcase.com

}bk1{form 6. Sumary of Schedules}bk{ ase 1024178 oc 1 Filed 04/16/10 ntered 04/16/10 10:11:28 esc Main ocument Page 6 of 31 B6 Summary (fficial Form 6 Summary) (12/07) n re Village Green GP a evada general partnership nited States Bankruptcy ourt Western istrict of ennessee ebtor ase o. hapter 11 SMMARY F SHLS 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 ertain Liabilities and Related ata" if they file a case under chapter 7 11 or 13. AM F SHL AAH. F ASSS LABLS HR (YS/) SHS A Real Property Yes 1 6500000.00 B Personal Property Yes 6 195296.38 Property laimed as xempt o 0 reditors Holding Secured laims Yes 1 8500000.00 reditors Holding nsecured Priority laims (otal of laims on Schedule ) Yes 1 0.00 F reditors Holding nsecured onpriority laims Yes 6 243371.14 G xecutory ontracts and nexpired Leases Yes 1 H odebtors Yes 1 urrent ncome of ndividual ebtor(s) J urrent xpenditures of ndividual ebtor(s) otal umber of Sheets of ALL Schedules o o 0 /A 0 /A 17 otal Assets 6695296.38 otal Liabilities 8743371.14 Software opyright (c) 19962010 Best ase Solutions vanston L www.bestcase.com

}bk1{form 6. Statistical Sumary of ertain Liabilities and Related ata}bk{ ase 1024178 oc 1 Filed 04/16/10 ntered 04/16/10 10:11:28 esc Main ocument Page 7 of 31 Form 6 Statistical Summary (12/07) n re Village Green GP a evada general partnership nited States Bankruptcy ourt Western istrict of ennessee ebtor ase o. hapter 11 SASAL SMMARY F RA LABLS A RLA AA (28.S.. 159) f you are an individual debtor whose debts are primarily consumer debts as defined in 101(8) of the Bankruptcy ode (11.S.. 101(8)) filing a case under chapter 7 11 or 13 you must report all information requested below. heck 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.S.. 159. 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 ertain ther ebts wed to Governmental nits (from Schedule ) laims 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) urrent Monthly ncome (from Form 22A Line 12; R Form 22B Line 11; R Form 22 Line 20 ) State the following: 1. otal from Schedule "SR PR F AY" column 2. otal from Schedule "AM L PRRY" column 3. otal from Schedule "AM L PRRY F AY" column 4. otal from Schedule F 5. otal of nonpriority unsecured debt (sum of 1 3 and 4) Software opyright (c) 19962010 Best ase Solutions vanston L www.bestcase.com

}bk1{schedule A Real Property}bk{ B6A (fficial Form 6A) (12/07) ase 1024178 oc 1 Filed 04/16/10 ntered 04/16/10 10:11:28 esc Main ocument Page 8 of 31 n re Village Green GP a evada general partnership ebtor ase o. SHL 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 "" in the column labeled "Husband Wife Joint or ommunity." 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 ontracts and nexpired 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 laim." 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 Property laimed as xempt. escription and Location of Property ature of ebtor's nterest in Property Husband Wife Joint or ommunity urrent Value of ebtor's nterest in Property without educting any Secured laim or xemption Amount of Secured laim Village Green Apartments 3450 Fescue Lane Memphis 38115 100% 6500000.00 8500000.00 Subotal > 6500000.00 (otal of this page) 0 continuation sheets attached to the Schedule of Real Property otal > 6500000.00 (Report also on Summary of Schedules) Software opyright (c) 19962010 Best ase Solutions vanston L www.bestcase.com

}bk1{schedule B Personal Property}bk{ B6B (fficial Form 6B) (12/07) ase 1024178 oc 1 Filed 04/16/10 ntered 04/16/10 10:11:28 esc Main ocument Page 9 of 31 n re Village Green GP a evada general partnership ebtor ase 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 "" in the column labeled "Husband Wife Joint or ommunity." f the debtor is an individual or a joint petition is filed state the amount of any exemptions claimed only in Schedule Property laimed as xempt. o not list interests in executory contracts and unexpired leases on this schedule. List them in Schedule G xecutory ontracts and nexpired 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.S.. 112 and Fed. R. Bankr. P. 1007(m). ype of Property 1. ash on hand SHL B PRSAL PRPRY escription and Location of Property Husband Wife Joint or ommunity urrent Value of ebtor's nterest in Property without educting any Secured laim or xemption 2. hecking 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. 3. Security deposits with public utilities telephone companies landlords and others. Wells Fargo Bank acct. no. 1992342152 5000 Birch Street 10F ewport Beach A 92660 Wells Fargo Bank acct. no. 8173302962 5000 Birch Street 10F ewport Beach A 92660 Wells Fargo Bank acct. no. 8351800852 5000 Birch Street 10F ewport Beach A 92660 Wachovia Wachovia Wholesale Lockbox P.. Box 60253 harlotte 282600253 7830.17 74370.96 29978.82 0.00 4. 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. 6. Wearing apparel. 7. Furs and jewelry. 8. Firearms and sports photographic and other hobby equipment. Subotal > (otal of this page) 112179.95 3 continuation sheets attached to the Schedule of Personal Property Software opyright (c) 19962010 Best ase Solutions vanston L www.bestcase.com

ase 1024178 oc 1 Filed 04/16/10 ntered 04/16/10 10:11:28 esc Main ocument Page 10 of 31 B6B (fficial Form 6B) (12/07) ont. n re Village Green GP a evada general partnership ebtor ase o. SHL B PRSAL PRPRY (ontinuation Sheet) ype of Property escription and Location of Property Husband Wife Joint or ommunity urrent Value of ebtor's nterest in Property without educting any Secured laim or xemption 9. nterests in insurance policies. ame insurance company of each policy and itemize surrender or refund value of each. Property nsurance Policies 37553.00 10. Annuities. temize and name each issuer. 11. nterests in an education RA as defined in 26.S.. 530(b)(1) or under a qualified State tuition plan as defined in 26.S.. 529(b)(1). Give particulars. (File separately the record(s) of any such interest(s). 11.S.. 521(c).) 12. nterests in RA RSA Keogh or other pension or profit sharing plans. Give particulars. 13. Stock and interests in incorporated and unincorporated businesses. temize. 14. nterests in partnerships or joint ventures. temize. 15. Government and corporate bonds and other negotiable and nonnegotiable instruments. 16. Accounts receivable. enants Rents ue (see attachment B16) 32021.43 17. 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. 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. Subotal > (otal of this page) 69574.43 Sheet 1 of 3 continuation sheets attached to the Schedule of Personal Property Software opyright (c) 19962010 Best ase Solutions vanston L www.bestcase.com

ase 1024178 oc 1 Filed 04/16/10 ntered 04/16/10 10:11:28 esc Main ocument Page 11 of 31 B6B (fficial Form 6B) (12/07) ont. n re Village Green GP a evada general partnership ebtor ase o. SHL B PRSAL PRPRY (ontinuation Sheet) ype of Property escription and Location of Property Husband Wife Joint or ommunity urrent Value of ebtor's nterest in Property without educting any Secured laim or xemption 20. ontingent and noncontingent interests in estate of a decedent death benefit plan life insurance policy or trust. 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. 22. Patents copyrights and other intellectual property. Give particulars. 23. Licenses franchises and other general intangibles. Give particulars. 24. ustomer lists or other compilations containing personally identifiable information (as defined in 11.S.. 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. 25. Automobiles trucks trailers and other vehicles and accessories. 26. Boats motors and accessories. 27. Aircraft and accessories. 28. ffice equipment furnishings and supplies. [See attached list for inventory] 13542.00 29. Machinery fixtures equipment and supplies used in business. 30. nventory. 31. Animals. 32. rops growing or harvested. Give particulars. 33. Farming equipment and implements. Subotal > (otal of this page) 13542.00 Sheet 2 of 3 continuation sheets attached to the Schedule of Personal Property Software opyright (c) 19962010 Best ase Solutions vanston L www.bestcase.com

ase 1024178 oc 1 Filed 04/16/10 ntered 04/16/10 10:11:28 esc Main ocument Page 12 of 31 B6B (fficial Form 6B) (12/07) ont. n re Village Green GP a evada general partnership ebtor ase o. SHL B PRSAL PRPRY (ontinuation Sheet) ype of Property escription and Location of Property Husband Wife Joint or ommunity urrent Value of ebtor's nterest in Property without educting any Secured laim or xemption 34. Farm supplies chemicals and feed. 35. ther personal property of any kind not already listed. temize. Sheet 3 of 3 continuation sheets attached to the Schedule of Personal Property Software opyright (c) 19962010 Best ase Solutions vanston L www.bestcase.com Subotal > 0.00 (otal of this page) otal > 195296.38 (Report also on Summary of Schedules)

ase 1024178 oc 1 Filed 04/16/10 ntered 04/16/10 10:11:28 esc Main ocument Page 13 of 31

ase 1024178 oc 1 Filed 04/16/10 ntered 04/16/10 10:11:28 esc Main ocument Page 14 of 31

}bk1{schedule reditors Holding Secured laims}bk{ B6 (fficial Form 6) (12/07) ase 1024178 oc 1 Filed 04/16/10 ntered 04/16/10 10:11:28 esc Main ocument Page 15 of 31 n re Village Green GP a evada general partnership ebtor ase o. SHL RRS HLG SR LAMS 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.S.. 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 "" in the column labeled "odebtor" include the entity on the appropriate schedule of creditors and complete Schedule H odebtors. 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 "" in the column labeled "Husband Wife Joint or ommunity". f the claim is contingent place an "" in the column labeled "ontingent". f the claim is unliquidated place an "" in the column labeled "nliquidated". f the claim is disputed place an "" in the column labeled "isputed". (You may need to place an "" in more than one of these three columns.) otal the columns labeled "Amount of laim Without educting Value of ollateral" and "nsecured 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 laim" also on the Summary of Schedules and if the debtor is an individual with primarily consumer debts report the total from the column labeled "nsecured Portion" on the Statistical Summary of ertain Liabilities and Related ata. heck this box if debtor has no creditors holding secured claims to report on this Schedule. Account o. Account o. RR'S AM A MALG ARSS LG ZP A A MBR (See instructions above.) FMA c/o Jonathan F. eitenberg Frost Brown odd LL 424 hurch Street Suite 1600 ashville 372192308 B R Husband Wife Joint or ommunity H W J Value $ A LAM WAS RR AR F L A SRP A VAL F PRPRY SBJ L Village Green Apartments 3450 Fescue Lane Memphis 38115 0.00 G L Q A S P AM F LAM WH G VAL F LLARAL SR PR F AY 8500000.00 2000000.00 Value $ Account o. Value $ Account o. Value $ 0 continuation sheets attached Subtotal (otal of this page) 8500000.00 2000000.00 otal (Report on Summary of Schedules) 8500000.00 2000000.00 Software opyright (c) 19962010 Best ase Solutions vanston L www.bestcase.com

}bk1{schedule reditors Holding nsecured Priority laims}bk{ B6 (fficial Form 6) (4/10) ase 1024178 oc 1 Filed 04/16/10 ntered 04/16/10 10:11:28 esc Main ocument Page 16 of 31 n re Village Green GP a evada general partnership ebtor ase o. SHL RRS HLG SR PRRY LAMS 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. se 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.S.. 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 "" in the column labeled "odebtor" include the entity on the appropriate schedule of creditors and complete Schedule Hodebtors. 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 "" in the column labeled "Husband Wife Joint or ommunity." f the claim is contingent place an "" in the column labeled "ontingent." f the claim is unliquidated place an "" in the column labeled "nliquidated." f the claim is disputed place an "" in the column labeled "isputed." (You may need to place an "" 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 ertain 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 ertain Liabilities and Related ata. heck this box if debtor has no creditors holding unsecured priority claims to report on this Schedule. YPS F PRRY LAMS (heck the appropriate box(es) below if claims in that category are listed on the attached sheets) omestic support obligations laims 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.S.. 507(a)(1). xtensions of credit in an involuntary case laims 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.S.. 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 $11725* 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.S.. 507(a)(4). ontributions 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.S.. 507(a)(5). ertain farmers and fishermen laims of certain farmers and fishermen up to $5775* per farmer or fisherman against the debtor as provided in 11.S.. 507(a)(6). eposits by individuals laims of individuals up to $2600* 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.S.. 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.S.. 507(a)(8). ommitments to maintain the capital of an insured depository institution laims based on commitments to the F R irector of the ffice of hrift Supervision omptroller of the urrency or Board of Governors of the Federal Reserve System or their predecessors or successors to maintain the capital of an insured depository institution. 11.S.. 507 (a)(9). laims for death or personal injury while debtor was intoxicated laims 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.S.. 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. 0 continuation sheets attached Software opyright (c) 19962010 Best ase Solutions vanston L www.bestcase.com

}bk1{schedule F reditors Holding nsecured onpriority laims}bk{ B6F (fficial Form 6F) (12/07) ase 1024178 oc 1 Filed 04/16/10 ntered 04/16/10 10:11:28 esc Main ocument Page 17 of 31 n re Village Green GP a evada general partnership ebtor ase o. SHL F RRS HLG SR PRRY LAMS 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.S.. 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 "" in the column labeled "odebtor" include the entity on the appropriate schedule of creditors and complete Schedule H odebtors. 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 "" in the column labeled "Husband Wife Joint or ommunity." f the claim is contingent place an "" in the column labeled "ontingent." f the claim is unliquidated place an "" in the column labeled "nliquidated." f the claim is disputed place an "" in the column labeled "isputed." (You may need to place an "" 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 ertain Liabilities and Related ata. heck this box if debtor has no creditors holding unsecured claims to report on this Schedule F. Account o. RR'S AM MALG ARSS LG ZP A A MBR (See instructions above.) A Mays arpet 1986 Goodman Rd West Horn Lake MS B R Husband Wife Joint or ommunity H W J A LAM WAS RR A SRA FR LAM. F LAM S SBJ SFF S SA. G L Q A S P AM F LAM 3357.50 Account o. A to Z onstruction Services 581 Vandalia Memphis 38112 3150.96 Account o. Action Process Service nc 100. Main Ste 413 Memphis 38103 93.00 Account o. A Security Services P Box 371956 Pittsburgh PA 152507956 215.75 5 continuation sheets attached Subtotal (otal of this page) 6817.21 Software opyright (c) 19962010 Best ase Solutions vanston L www.bestcase.com S/:26219100329

ase 1024178 oc 1 Filed 04/16/10 ntered 04/16/10 10:11:28 esc Main ocument Page 18 of 31 B6F (fficial Form 6F) (12/07) ont. n re Village Green GP a evada general partnership ebtor ase o. SHL F RRS HLG SR PRRY LAMS (ontinuation Sheet) Account o. RR'S AM MALG ARSS LG ZP A A MBR (See instructions above.) B R Husband Wife Joint or ommunity H W J A LAM WAS RR A SRA FR LAM. F LAM S SBJ SFF S SA. G L Q A S P AM F LAM Advance arpet leaning 1960 Lancaster Rd nville 38332 3330.00 Account o. Alan's arpet Flooring nc. 167 Hwy 72 ollierville 38017 819.00 Account o. Albany mperiall 3550 Frankie arolyn r Memphis 38118 139.95 Account o. Anserfone 2755 olony Park r Ste 1439 Memphis 381182090 83.95 Account o. Apartment Marketer.com 6560 Greenwood Plaza Blvd Ste 425 nglewood 80111 100.00 Sheet no. 1 of 5 sheets attached to Schedule of reditors Holding nsecured onpriority laims Subtotal (otal of this page) 4472.90 Software opyright (c) 19962010 Best ase Solutions vanston L www.bestcase.com

ase 1024178 oc 1 Filed 04/16/10 ntered 04/16/10 10:11:28 esc Main ocument Page 19 of 31 B6F (fficial Form 6F) (12/07) ont. n re Village Green GP a evada general partnership ebtor ase o. SHL F RRS HLG SR PRRY LAMS (ontinuation Sheet) Account o. RR'S AM MALG ARSS LG ZP A A MBR (See instructions above.) B R Husband Wife Joint or ommunity H W J A LAM WAS RR A SRA FR LAM. F LAM S SBJ SFF S SA. G L Q A S P AM F LAM Awesome leaning Services P Box 280143 Memphis 38168 370.00 Account o. Baer & Baer P.. 200 Jefferson Ave Ste 725 Memphis 38103 1091.08 Account o. Blind Ambition 2602 Faxon Avenue Memphis 38112 131.10 Account o. asco Pay Phones nc. 8381 Poplar Pike Germantown 38138 50.00 Account o. omcast P.. Box 105184 Atlanta GA 30348 99.95 Sheet no. 2 of 5 sheets attached to Schedule of reditors Holding nsecured onpriority laims Subtotal (otal of this page) 1742.13 Software opyright (c) 19962010 Best ase Solutions vanston L www.bestcase.com

ase 1024178 oc 1 Filed 04/16/10 ntered 04/16/10 10:11:28 esc Main ocument Page 20 of 31 B6F (fficial Form 6F) (12/07) ont. n re Village Green GP a evada general partnership ebtor ase o. SHL F RRS HLG SR PRRY LAMS (ontinuation Sheet) Account o. RR'S AM MALG ARSS LG ZP A A MBR (See instructions above.) B R Husband Wife Joint or ommunity H W J A LAM WAS RR A SRA FR LAM. F LAM S SBJ SFF S SA. G L Q A S P AM F LAM onsumer Source nc P Box 402039 Atlanta GA 303842039 985.00 Account o. yno Sewer 5300 Mendenhall Park Place Memphis 381155409 450.00 Account o. ric lauson 1437 entral Ave Memphis 38104 285.05 Account o. Farrell alhoun Paint o. nc. 3651 S. Mendenhall Memphis 38115 246.58 Account o. FMA c/o Wachovia Wachovia Wholesale Lockbox P.. Box 60253 harlotte 282600253 218020.50 Sheet no. 3 of 5 sheets attached to Schedule of reditors Holding nsecured onpriority laims Subtotal (otal of this page) 219987.13 Software opyright (c) 19962010 Best ase Solutions vanston L www.bestcase.com

ase 1024178 oc 1 Filed 04/16/10 ntered 04/16/10 10:11:28 esc Main ocument Page 21 of 31 B6F (fficial Form 6F) (12/07) ont. n re Village Green GP a evada general partnership ebtor ase o. SHL F RRS HLG SR PRRY LAMS (ontinuation Sheet) Account o. RR'S AM MALG ARSS LG ZP A A MBR (See instructions above.) B R Husband Wife Joint or ommunity H W J A LAM WAS RR A SRA FR LAM. F LAM S SBJ SFF S SA. G L Q A S P AM F LAM Gordon & Feldbaum 100. Main Ste 3020 Memphis 38103 35.00 Account o. Hico 946 Rayner St Memphis 38114 16.39 Account o. Jones Auto Glass & nstallation 3285 ast Rosita ircle Memphis 38116 110.00 Account o. Justase ornerstone Billing P.. Box 1166 Bridgeview L 60455 54.87 Account o. Lexington Asset Management 1437 entral Ave Memphis 38104 9329.04 Sheet no. 4 of 5 sheets attached to Schedule of reditors Holding nsecured onpriority laims Subtotal (otal of this page) 9545.30 Software opyright (c) 19962010 Best ase Solutions vanston L www.bestcase.com

ase 1024178 oc 1 Filed 04/16/10 ntered 04/16/10 10:11:28 esc Main ocument Page 22 of 31 B6F (fficial Form 6F) (12/07) ont. n re Village Green GP a evada general partnership ebtor ase o. SHL F RRS HLG SR PRRY LAMS (ontinuation Sheet) Account o. RR'S AM MALG ARSS LG ZP A A MBR (See instructions above.) B R Husband Wife Joint or ommunity H W J A LAM WAS RR A SRA FR LAM. F LAM S SBJ SFF S SA. G L Q A S P AM F LAM Memphis Light Gas & Water P Box 388 Memphis 381450388 567.98 Account o. Wachovia Wachovia Wholesale Lockbox P.. Box 60253 harlotte 282600253 0.00 Account o. Wilmar P Box 404284 Atlanta GA 303854284 238.49 Account o. Account o. Sheet no. 5 of 5 sheets attached to Schedule of reditors Holding nsecured onpriority laims Subtotal (otal of this page) otal (Report on Summary of Schedules) 806.47 243371.14 Software opyright (c) 19962010 Best ase Solutions vanston L www.bestcase.com

}bk1{schedule G xecutory ontracts and nexpired Leases}bk{ B6G (fficial Form 6G) (12/07) ase 1024178 oc 1 Filed 04/16/10 ntered 04/16/10 10:11:28 esc Main ocument Page 23 of 31 n re Village Green GP a evada general partnership ebtor ase o. SHL G RY RAS A PR LASS escribe all executory contracts of any nature and all unexpired leases of real or personal property. nclude any timeshare interests. State nature of debtor's interest in contract i.e. "Purchaser" "Agent" etc. State whether debtor is the lessor or lessee of a lease. Provide the names and complete mailing addresses of all other parties to each lease or contract described. f a minor child is a party to one of the leases or contracts 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.S.. 112 and Fed. R. Bankr. P. 1007(m). heck this box if debtor has no executory contracts or unexpired leases. ame and Mailing Address ncluding Zip ode of ther Parties to Lease or ontract escription of ontract or Lease and ature of ebtor's nterest. State whether lease is for nonresidential real property. State contract number of any government contract. Allied Waste Services P.. Box 9001228 Louisville KY 402901228 Apartment Guide P.. Box 402039 Atlanta GA 303842039 A& PB 105262 Atlanta GA 303485262 oast to oast Phone 8059 Stage Hills Blvd. Suite 107 Bartlett 381334047 Justase ornerstone Billing P.. Box 1166 Bridgeview L 60455 MacGray 3053 Bellbrook rive Memphis 38116 Real Page P.. Box 671777 allas 752671339 Rivertown Landscaping 4277 Pidgeon Roost Road Memphis 38118 rash removal xpires: 4/30/10 Print Publication xpires: 6/30/10 Phone Service xpires 6/30/12 mergency 911 Pool Phone xpires: 6/30/10 Alarm company MonthtoMonth Laundry Property management software & prospective resident screening xpires: 1/31/11 Landscaping Maintenance 0 continuation sheets attached to Schedule of xecutory ontracts and nexpired Leases Software opyright (c) 19962010 Best ase Solutions vanston L www.bestcase.com

}bk1{schedule H odebtors}bk{ B6H (fficial Form 6H) (12/07) ase 1024178 oc 1 Filed 04/16/10 ntered 04/16/10 10:11:28 esc Main ocument Page 24 of 31 n re Village Green GP a evada general partnership ebtor ase o. Provide the information requested concerning any person or entity other than a spouse in a joint case that is also liable on any debts listed by debtor in the schedules of creditors. nclude all guarantors and cosigners. f the debtor resides or resided in a community property state commonwealth or territory (including Alaska Arizona alifornia daho Louisiana evada ew Mexico Puerto Rico exas Washington or Wisconsin) within the eight year period immediately preceding the commencement of the case identify the name of the debtor's spouse and of any former spouse who resides or resided with the debtor in the community property state commonwealth or territory. nclude all names used by the nondebtor spouse during the eight years immediately preceding the commencement of this case. f a minor child is a codebtor or 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.S.. 112 and Fed. R. Bankr. P. 1007(m). heck this box if debtor has no codebtors. AM A ARSS F BR SHL H BRS AM A ARSS F RR 0 continuation sheets attached to Schedule of odebtors Software opyright (c) 19962010 Best ase Solutions vanston L www.bestcase.com