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Bankruptcies.


Kenneth L Gilmore

FAW: Gilmore Enterprises Window Cover, Inc.; AW: Majestic Shutters Inc.

11747 Lois Ct Granada Hills 91344

Chapter:7

Assets:999,750

Debts:4,853,914

Doc#SV06-11449-MT

File-Date:08/25/06

David Hagen

818-990-4416

Shutter/window covering mfging.

Focus Advertising, Inc

3860 Winford Drive Tarzana 91356

Chapter:7

Assets:0.

Debts:98,025

Doc#SV06-11399-MT

File-Date:08/21/06

Bruce Greenfield

310-471-5115

Bus type N/A.

Bankruptcy information is supplied by Timely Info of Los Angeles, Jack Vaughn (323) 664-4423.

Chapter 7. a "straight" liquidation bankruptcy involving an appointed trustee to sell aft assets by auction or other means to pay creditors and trustee fees.

Chapter 11: a process which allows a business to gain temporary relief from paying debt in order to attempt a successful reorganization. The debtor remains in control of the business during the bankruptcy and the business continues to function.

Chapter 13: a bankruptcy plan available to individuals whose "income is sufficiently stable and regular to enable such individual to make payments under a plan." The debtor makes payments to a trustee who disburses the funds to creditors.

Involuntary bankruptcy. the debtor is forced into bankruptcy by secured creditors whose claims total at least $220,000.

Involuntary bankruptcy may be filed under Chapter 7 or 11.

aka: also known as

dba: doing business as

fka: formerly known as

FAW: formerly associated with

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Article Details
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Publication:San Fernando Valley Business Journal
Article Type:Public notice
Date:Sep 11, 2006
Words:229
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