Bankruptcies.Suheil Takriti DBA: Italian Suits Outlet; Extra, Financial Services 12711 Moorpark St #108 Studio City 91604 Chapter:7 Assets:18,815 Debts:169,827 Doc#SV07-10107-GM File-Date:01/12/07 Stuart Price 818-995-4540 Bus type N/A. Shirley S Yacoublan FDBA: Ben's Jewelers, Inc. 6706 Wynne Ave Reseda 91335 Chapter:7 Assets:517,300 Debts:976,944 Doc#SV07-10221-KT File-Date:01/24/07 David Hagen 818-990-4416 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 all 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 fdba: formerly doing business as fka: formerly known as FAW: formerly associated with |
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