Author Topic: HIDDEN LAKE ACADEMY,INC. FILES BANKRUPTCY  (Read 16332 times)

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Offline Anonymous

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Re: HIDDEN LAKE ACADEMY,INC. FILES BANKRUPTCY
« Reply #75 on: May 29, 2009, 11:29:24 PM »
The 990s clearly show ridiculous amounts taken as expenses for items and services paid for by parents....uniforms, snacks, mailings, toiletries, dental, medical, outings and field trips, medical supplies,Wilderness program tuition, etc.  What is also a bit shocking, is the amount HLA showed for the cafeteria food service, considering....

www.guidestar.org  Put in: HLA, INC.   then:  990's and Docs  You will need to register, but there is no charge.
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Offline Anonymous

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Re: HIDDEN LAKE ACADEMY,INC. FILES BANKRUPTCY
« Reply #76 on: June 01, 2009, 10:30:35 AM »
Bankruptcy up-date:  No surprise...HLA has asked the court for another extension regarding handing over their financials..  colorful I am sure. On this end,no news as to whether there is a 'stay' for HLA to be sold on the courthouse steps tomorrow...
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Offline Anonymous

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Re: HIDDEN LAKE ACADEMY,INC. FILES BANKRUPTCY
« Reply #77 on: June 01, 2009, 02:53:56 PM »
The clock ticks..  :seg:
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Offline Anonymous

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Re: HIDDEN LAKE ACADEMY,INC. FILES BANKRUPTCY
« Reply #78 on: June 01, 2009, 03:37:22 PM »
Quote
The clock ticks..  

.......as Len races to suck dicks
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Offline Ursus

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Re: HIDDEN LAKE ACADEMY,INC. FILES BANKRUPTCY
« Reply #79 on: June 02, 2009, 11:13:08 AM »
Quote from: "guest 99"
Bankruptcy up-date:  No surprise...HLA has asked the court for another extension regarding handing over their financials..  colorful I am sure. On this end,no news as to whether there is a 'stay' for HLA to be sold on the courthouse steps tomorrow...

Any news on that auction supposedly occurring today?
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Offline Anonymous

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Re: HIDDEN LAKE ACADEMY,INC. FILES BANKRUPTCY
« Reply #80 on: June 02, 2009, 12:28:34 PM »
Called the courthouse...no notice to them until the new deed is filed,which could take months, if the sale went through.  The only way to find out if the sale went through is to call:   Branch Banking and Trust Company, as Attorney-in-Fact for Hidden Lake Academy, Inc.

R. Russell Berry, Esq.

Womble, Carlyle, Sandridge & Rice, PLLC

Attorneys at Law

271 17th Street, N.W.

Suite 2400

Atlanta, Georgia 30363

(404) 888-7468
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Offline Anonymous

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Re: HIDDEN LAKE ACADEMY,INC. FILES BANKRUPTCY
« Reply #81 on: June 03, 2009, 12:50:45 PM »
THE DAHLONEGA NUGGET

News
Hidden Lake officials see Chapter 11 as chance to regroup
By Sharon Hall
Published: Wednesday, June 3, 2009 10:28 AM EDT

Hidden Lake Academy founder Dr. Leonard Buccelatto, like many corporate leaders in today's economy, is hoping Chapter 11 will be a tool in rebuilding the private therapeutic boarding school he founded in Lumpkin County 1994. The academy voluntarily filed a petition for Chapter 11 with the bankruptcy court May 14. The move, Buccelatto says, will allow the school to regroup and make arrangement to pay down its debt rather than face foreclosure on part of its property.

“The school has applied for bank refinancing. HLA only asks that people understand and bear with us during this rebuilding time,” Buccelatto said. “With the current economic times we believe this type of financial scenario will, unfortunately, be repeated throughout the country.”

It's not just the poor economy HLA is suffering from, however. Much of its woe stems from a 2006 petition for a class action lawsuit filed by the parents of several HLA students. Buccelatto called it a “contract dispute-the parents wanting some of their tuition monies returned after their child had attended HLA. The petition made no claims of harm or damage to a child.”

In fact, Buccelatto says, some of the students named in the petition graduated from the academy and have since gone on to college.

In August 2007 Federal Judge William C. O'Keley denied the potential class action suit, despite “a well-orchestrated and vigorous campaign by the plaintiffs and their attorneys, very few parents joined the petition,” Buccelattor says.

HLA agreed to settle out of court with the parents for a reported $400,000, a fraction of the amount initially demanded, Buccelatto says.

Even after the settlement agreement, however, the negative campaign launched when the petition was filed continued, Buccelatto says. He called the tactics used on the Internet, in the local press, by some local community members and aimed at the school's referral sources “vicious and unrelenting ... It became very evident that the goal of the people involved was to discredit, and to ultimately close the school ... creating as large a financial burden to the school as possible by attacking [our] referral sources through fear and intimidation. It would be a gross understatement to say that these events did not have an impact on the school. The financial reality is one the school is still reeling from.”

HLA suffered a severe drop in enrollment, and was faced with $1.5 million in legal fees, along with its usual loan payments and other costs of operation.

At one point HLA was the second largest private employer in Lumpkin County, with 138 faculty and staff, 90 of whom lived in the county. Additionally, 12 local people were employed by the food service contractor used by the school.

In 2004, the academy paid over $600,000 to local vendors for various products and services, and an additional $730,000 for food service purchases.

In addition, parents, alumni and prospective students and their families spent an average of 2,800 nights in local lodging and purchased over 8,000 meals in local restaurants.

“The financial circumstances have been devastating. But since the resolution of this matter, HLA is rebounding, with students once again enrolling. We are slowly getting back on track; our referral sources are all back helping us to repair the damage that was done to the school,” Buccelatto says. “Hidden Lake Academy is a wonderful program which will survive this ordeal.”




Copyright © 2009 - The Dahlonega Nugget
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Offline Anonymous

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Re: HIDDEN LAKE ACADEMY,INC. FILES BANKRUPTCY
« Reply #82 on: June 03, 2009, 01:04:02 PM »
This is totally slanted and wrought with mistruths.
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Offline Anonymous

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Re: HIDDEN LAKE ACADEMY,INC. FILES BANKRUPTCY
« Reply #83 on: June 03, 2009, 01:09:21 PM »
I think maybe we should post all the liens against HLA by the local vendors...even during it's hayday...Buccellato never paid them. He literally screwed the local vendors. Fact is fact, records don't lie.
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Offline Anonymous

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Re: HIDDEN LAKE ACADEMY,INC. FILES BANKRUPTCY
« Reply #84 on: June 03, 2009, 01:40:12 PM »
Quote from: "Ursus"
Quote from: "guest 99"
Bankruptcy up-date:  No surprise...HLA has asked the court for another extension regarding handing over their financials..  colorful I am sure. On this end,no news as to whether there is a 'stay' for HLA to be sold on the courthouse steps tomorrow...

Any news on that auction supposedly occurring today?

HLA was not put up for auction yesterday because of the bankruptcy filing.
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Offline Ursus

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Re: HIDDEN LAKE ACADEMY,INC. FILES BANKRUPTCY
« Reply #85 on: June 03, 2009, 10:46:25 PM »
Quote from: "Jill Ryan"
Quote from: "Ursus"
Quote from: "guest 99"
Bankruptcy up-date:  No surprise...HLA has asked the court for another extension regarding handing over their financials..  colorful I am sure. On this end,no news as to whether there is a 'stay' for HLA to be sold on the courthouse steps tomorrow...
Any news on that auction supposedly occurring today?
HLA was not put up for auction yesterday because of the bankruptcy filing.

That was my fear right off the bat when the bankruptcy filing was announced.

Whatever became of the fact that Buccellato personally guaranteed that $400,000 (non-payment of which was the premise for auctioning off the property)? If it cannot be extracted from the sale of the property, is the next step "foreclosing" on his personal assets?

This ends up circumventing Hidden Lake Academy, Inc. almost entirely.
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Offline Anonymous

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Re: HIDDEN LAKE ACADEMY,INC. FILES BANKRUPTCY
« Reply #86 on: June 04, 2009, 09:34:46 AM »
Buccellato gave a sworn affidavit to the court, a personal guarantee, backing that settlement, which with his track record of liens, means nothing.  However,  Berger and Montague are arguing because of his personal guarantee his personal assets should be tapped, thus taking it out of HLA, INC. No surprise there. He knew what he was doing then and he knows what he is doing now.  He has a very shrewd financial guru.  One has to understand this mans mindset.  He never intended to pay.
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Offline Anonymous

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Re: HIDDEN LAKE ACADEMY,INC. FILES BANKRUPTCY
« Reply #87 on: June 05, 2009, 06:06:04 PM »
Case 2:06-cv-00146-WCO Document 112 Filed 06/03/2009 Page 1 of 1


IN THE UNITED STATES DISTRICT COURT
FOR THE NORTHERN DISTRICT OF GEORGIA
GAINESVILLE DIVISION
JILL RYAN ET AL :
:
:
:
:
vs. : CIVIL ACTION
: NO. 2:06-cv-00146-WCO
:
:
:
HIDDEN LAKE ACADEMY, INC :
ET AL :
:
:
N O T I C E
By direction of the Court, the above-styled action is hereby SET
for TELEPHONE CONFERENCE RE [108] MOTION TO COMPEL, ON
WEDNESDAY, JUNE 17, 2009, AT 11:00 A.M., BEFORE HONORABLE
WILLIAM C. O’KELLEY, SENIOR UNITED STATES DISTRICT JUDGE
IN THE THIRD FLOOR COURTROOM, GAINESVILLE, GA 30501.
This the 3rd day of June, 2009.
JAMES N. HATTEN, CLERK
BY:
S/Don Stanhope
Don Stanhope
Courtroom Deputy Clerk
404/215-1535 (Atlanta)
678/450-2735 (Gainesville)
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Offline Anonymous

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Re: HIDDEN LAKE ACADEMY,INC. FILES BANKRUPTCY
« Reply #88 on: June 13, 2009, 08:13:34 PM »
It is no surprise that HLA is going through troubles. I have recently been pulled from HLA due to their financial problems, which the kids at the school are somewhat oblivious to. The school in itself DOES HAVE THE POTENTIAL to help kids to excel and life, and it does that for a lot of kids! The problem is that over the past few years the school has been digging a ditch of financial troubles, deception, and occasional abuse. This school is not what was five years ago, not by a longshot. The school population has decreased from about 60 kids to less than 30 over the may break. I know that it is hard for a parent to withdraw a student from the program early, the counselors are trained to keep your child from being 'pulled'. My message to the parents with a student still at HLA: It would be a good idea to reconsider having your child at this school during this time of bankruptcy, etc.. It is also not a healthy place to be. In my six months there, I saw numerous fights, several windows and doors broken, and many students self-mutilating and making tattoos with tacks on the wall. Don't blame all of this on your child. Remember: Anyone would act out-of-line in a school that is run by self-absorbed headmasters. Take it from me. This place really IS as bad as it's cracked up to be.

Thanks.
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Offline Anonymous

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Re: HIDDEN LAKE ACADEMY,INC. FILES BANKRUPTCY
« Reply #89 on: June 14, 2009, 12:40:16 AM »
Quote from: "Formerstudent"
The problem is that over the past few years the school has been digging a ditch of financial troubles, deception, and occasional abuse. This school is not what was five years ago, not by a longshot. The school population has decreased from about 60 kids to less than 30 over the may break. I know that it is hard for a parent to withdraw a student from the program early, the counselors are trained to keep your child from being 'pulled'. My message to the parents with a student still at HLA: It would be a good idea to reconsider having your child at this school during this time of bankruptcy, etc.. It is also not a healthy place to be. In my six months there, I saw numerous fights, several windows and doors broken, and many students self-mutilating and making tattoos with tacks on the wall. Don't blame all of this on your child. Remember: Anyone would act out-of-line in a school that is run by self-absorbed headmasters. Take it from me. This place really IS as bad as it's cracked up to be.

Thanks.

sounds like nothing with the exception of financial troubles has changed at HLA in the last five years. the HLA you are describing sounds like the good ol HLA of the late 90's early 00's. nothing has changed. seriously.

i wonder how many generations of kids have been using the same thumbtacks to tattoo themselves. those thumbtacks are a commodity. they get traded and passed along from student to student. in my time, counselors would rarely provide thumbtacks. the ones i used were a collection of tacks i got from students who were graduating and two of my roommates that got pulled; i used those the whole time and even got into a fight over other kids stealing my tacks, and then when i graduated i gave them to my friends that were staying. i used them for their intended purpose of course, but when i first arrived while i was in earth element i gave myself a bunch of tattoos...they only lasted about a month or two as i didnt go deep and i used crappy pen ink, but it was still a really stupid idea.  i hope HLA tests for transmittable diseases upon enrollment, otherwise there may be a HUGE risk of hiv/hep/etc transmission among students.
 there were a few occasions where i found razor blades stashed in various places around the school .... all with obvious bloodstains. they were in books, the spaces between the desks and the walls, taped under tables, under rocks, under the carpet, inside the light fixtures....i stumbled across around a dozen entirely accidentally in my time there. there seemed to be an epidemic of them for a time, during the construction of the new academic building the workers would sometimes leave tools behind on the site or drop them somewhere in the vicinity of the site. among those tools were boxcutters and exacto knives, from which kids stole blades at night or on restrictions. also, there were some kids with excessive hair growth who were permitted to have traditional non-electric razors. those got stolen. alot.
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