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. aka: also known as dba: doing business as fdba: formerly doing business as fka: formerly known as FAW: formerly associated with |
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