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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