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Bankruptcies.


Internet I Shop Corp. (business type n/a)

2198 Pomona Blvd., Pomona 91768

Chapter: 11

Assets: $500,000

Debts: $2,440,416

Doc #LA04-30415-BB

File-Date: 09/22/04

Attorney: Robert Altagen

323-268-9588

Federation Of Preschool And Community Education Centers Inc.

(business type n/a)

460 E. Carson Plaza Drive, Suite 21, Carson

90746

Chapter: 11

Assets: N/A

Debts: N/A

Doc #LA04-30440-SB

File-Date: 09/22/04

Attorney: Mark Young

818-461-3400

Barlex Inc. (business type n/a)

401 N. Brand Blvd., Ste 550, Glendale 91203

Chapter: 11

Assets: N/A

Debts: N/A

Doc #LA04-30501-BR

File-Date: 09/23/04

Attorney: Jilbert Tahmazian

818-242-8201

The Treasure Chest Trust (Case Dismissed-Slay not in Effect) (trust)

26948 Pacific Coast Hwy., Malibu 90265

Chapter: 11

Assets: N/A

Debts: N/A

Doc #SV04-16287-GM

File-Date: 09/24/04

Attorney: No outside representation.

American Restaurant Group Inc. (1st of 3 related L.A. filings.)

(restaurants--Black Angus etc.)

4410 El Camino Real, Suite 201, Los Altos 94022

Chapter: 11

Assets: N/A

Debts: N/A

Doc #LA04-30732-TD

File-Date: 09/28/04

Attorney: Thomas Kreller

213-892-4000

ARC Enterprises Inc. (2nd of 3 related L.A. filings.) (restaurants--Black

Angus etc.)

4410 El Camino Real, Suite 201, Los Altos 94022

Chapter: 11

Assets: N/A

Debts: N/A

Doc #LA04-30734-TD

File-Date: 09/28/04

Attorney: Thomas Kreller

213-892-4000

ARG Property Management Corporation (3rd of 3 related L.A. filings.)

(restaurants--Black Angus etc.)

4410 El Camino Real, Suite 201, Los Altos 94022

Chapter: 11

Assets: N/A

Debts: N/A

Doc #LA04-30736-TD

File-Date: 09/28/04

Attorney: Thomas Kreller

213-892-4000

Adamson Apparel Inc. (business type n/a)

525 7th Ave., Suite 701, New York, NY 10018

Chapter: 11

Assets: N/A

Debts: N/A

Doc #LA04-30799-ER

File-Date: 09/28/04

Attorney: David Golubchik

310-229-1234

Kimsley Trading Co. Inc. (business type n/a)

500 N. Puck Road, Arcadia 91006

Chapter: 7

Assets: $1,200

Debts: $426,157

Doc #LA04-30420-AA

File-Date: 09/22/04

Attorney: Cart Osborne

310-414-9332

Richard G. Salama Central Jr. Market; Glendale Amusement (market coin

operated games)

115 N. Harvard, Los Angeles 90004

Chapter: 7

Assets: $295,400

Debts: $305,480

Doc #LA04-30403-ES

File-Date: 09/22/04

Attorney: Ronald Schy

323-664-2993

Michael Gerard Crowley DBA: Wrong Entertainment (produce popular music)

1007 North Vinedo, Pasadena 91107

Chapter: 7

Assets: $1,577

Debts: $196,968

Doc #LA04-30257-ES

File-Date: 09/21/04

Attorney: Vic Rodriguez

626-572-7468

James L Kelley Kelley's Automotive Repair (business type n/a)

3148 E Avenue H, Lancaster 93535

Chapter: 7

Assets: N/A

Debts: N/A

Doc #SV04-16323-KL

File-Date: 09/27/04

Attorney: No outside representation

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 all assets by auction or other means to pay creditors and trustee fees.

Chapter 11
Chapter 11
Named after the U.S. bankruptcy code 11, chapter 11 is a form of bankruptcy that involves a reorganization of a debtor's business affairs and assets. It is generally filed by corporations which require time to restructure their debts.

Chapter 11 gives the debtor a fresh start, subject to the debtor's fulfillment of its obligations under its plan of reorganization.
: 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.

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Title Annotation:Data Bank
Publication:Los Angeles Business Journal
Article Type:Brief Article
Geographic Code:1USA
Date:Oct 11, 2004
Words:592
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