NOTICE TO CREDITORS TO FILE CLAIMS
IN THE CHANCERY COURT FOR THE STATE OF TENNESSEE
20TH JUDICIAL DISTRICT DAVIDSON COUNTY
FIRST HORIZON BANK f/d/b
FIRST TENNESSEE BANK N.A.,
Plaintiff,
vs Case No.: 25-0629-I
VALORFLEX PACKAGING, LLC,
successor in interest to JET
PACKAGING GROUP, LLC; TIMMY
L. HALL; ERIC R. TEETER; JET
PROPERTIES, a Tennessee general
partnership composed of Timmy L.
Hall, Eric R. Teeter, and Jim S. Petty;
and Charles J. McClary;
Defendants.
NOTICE TO CREDITORS TO FILE CLAIMS
By Order of Patricia Head Moskal, Chancellor, Part I of the Chancery Court for Davidson County, Tennessee dated April 13, 2026, this shall serve as Notice to Creditors to File a Claim for Consideration of Payment from Assets of the Receivership Estate as defined below. Creditors are required to file any claim and/or claims that such creditor may believe they have in accordance with the instructions and manner specified herein. Failure to file a claim or claims shall result in a denial recommendation by the Receiver to participate in the proceeds from any sale of the Receivership Estate. The Court further approved the following information and requirements for the published Notice:
Any person or entity that has a claim or interest of any kind in ValorFlex Packaging, LLC, successor in interest to Jet Packaging Group, LLC formerly d/b/a ValorFlex Packaging and/or Jet Packaging Group and/or Jet Printing and/or Jet Printing LLC, operating and conducting business as a flexible packaging company in Dickson County, Tennessee and more specifically at 723 Marshall Stuart Drive, Dickson, TN 37055, and/or who has any claim in the Tennessee general partnership, Jet Properties, composed of Timmy L. Hall, Eric R. Teeter, and Jim S. Petty, and/or who has any claim against Timmy L. Hall, Eric R. Teeter, Jim S. Petty and/or Charles J. McClary relating to ValorFlex Packaging, LLC, successor in interest to Jet Packaging Group, LLC shall file a verified claim with the Court with a true and exact copy to the Receiver. In addition the following is necessary:
Any claim shall be required to contain and provide the following information: (a) the basis of the claim; (b) the amount of the claim, which must include the calculation of the balance; (c) the underlying grounds and evidence of the claim (a complete copy of any writing or award) such as a note, sworn account, judgment, open account, mechanics and/or materialmen's lien, etc.; (d) the claim must be verified (sworn and notarized) and/or executed under penalty of perjury; (e) filed either electronically in accordance with Court rules or paper submission filed with the Chancery Court Clerk & Master's Office, 1 Public Square, Suite 308, Nashville, TN 37201 with a true and exact copy of the filings to the Receiver at Adams & Reese LLP, 1600 West End Avenue, Suite 1400, Nashville, TN 37203 and (f) the filing of the claim with both the Chancery Court Clerk & Master's Office and the Receiver's Office must be completed on or before May 18, 2026 and any claim not properly filed by that date shall not be deemed timely and shall be denied.
The proceeds of the auction sales shall be applied: (1) cost and expenses of the auction, including the commissions of the Auctioneer; (2) fees and expenses of the Receiver; (3) satisfaction of any property taxes and/or governmental assessments due and payable; (4) satisfaction of the December 21, 2017 Promissory Note in the original amount of $2,635,000.00 plus interest, and such other charges as permitted under the terms and conditions of the December 21, 2017 SBA Note and SBA Note Commercial Guaranty Agreements granting First Horizon Bank a first lien security interest in the Collateral; (5) satisfaction of perfected second lien security interest in the Collateral; (6) payment of any properly recorded judgment liens; and (7) remainder to be remitted to the Receiver for tender to the Clerk & Master for such further distribution as the Court shall Order.
The Receiver will provide a written summary report to the Court that includes a listing of all of the claims of creditors, the amounts, the basis of the claims and the recommendation of the Receiver (after a review of the claims) of acceptance or denial of the claims for the Court to consider. The Court further Ordered that this Notice to Creditors to File a Claim for Consideration of Payment from Assets of the Receivership Estate is required to be published in The Tennessean newspaper, the accepted newspaper of general circulation in Middle Tennessee, serving Dickson and Davidson Counties, Tennessee, and 37 additional counties in Middle Tennessee and 8 counties in southern Kentucky.
Dated: April 13, 2026
Respectfully submitted by:
/s/ Clarence A. Wilbon
Clarence A. Wilbon
Adams & Reese LLP
6075 Poplar Avenue, Suite 700
Memphis, TN 38119
901-524-5324
clarence.wilbon@arlaw.com
Receiver
/s/ Coleman J. Braun
Coleman J. Braun
Adams & Reese LLP
1600 West End Avenue, Suite 1400
Nashville, TN 37203
615-259-1034
cole.braun@arlaw.com
Attorney for the Receiver
April 30, May 7 2026
LOKR0499894