Bankruptcies.Byline: The Register-Guard The following Lane County-area individuals or businesses recently filed business-related bankruptcies in U.S. Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. in Eugene: Troutman Investment Co., doing business as Troutman's Emporium
ARC Electric Inc., 85783 Highway 99 S., Eugene, filed chapter 11 business bankruptcy. Assets: $63,692. Liabilities: $346,364. Mark and Gina Daily, 777 S. 5th St., Coos Bay Coos Bay (k  s), city (1990 pop. 15,076), Coos co., SW Oreg., a port of entry on Coos Bay; founded 1854 as Marshfield, inc. 1874, renamed 1944. , doing business as
Outdoor-In Inc. and formerly doing business as Daily Works, filed
chapter 13 personal bankruptcy Personal bankruptcy is a procedure which, in certain jurisdictions, allows an individual to declare bankruptcy. In other jurisdictions, bankruptcies are reserved for corporations. . Assets: $419,475. Liabilities: $536,720.
Johnnie and Tonya Allen, 1432 Myrtle Ave., Coos Bay, formerly doing business as Familygiftcenter.com, filed chapter 7 personal bankruptcy. Assets: $107,395. Liabilities: $94,805. Patricia Revelle, 1563 Bar M Drive, Eugene, formerly doing business as Pat Revelle Flower & Bridal, filed chapter 7 personal bankruptcy. Assets: $10,770. Liabilities: $113,556. Jon Letsom, 90061 Prairie prairie Level or rolling grassland, especially that found in central North America. Decreasing amounts of rainfall, from 40 in. (100 cm) at the forested eastern edge to less than 12 in. Road, Eugene, doing business as Advantage Auto Body & RV Collision Repair, filed chapter 13 personal bankruptcy. Assets: $24,550. Liabilities: $42,824. Gordon and Della Morin, 150 Camino Francisco Ave., Roseburg, doing business as M&M Heating & A/C, filed chapter 7 personal bankruptcy. Assets: $16,724. Liabilities: $53,492. DEFINITIONS: Chapter 7: Court appointed trustee sells assets to pay off liabilities; debtor One who owes a debt or the performance of an obligation to another, who is called the creditor; one who may be compelled to pay a claim or demand; anyone liable on a claim, whether due or to become due. is discharged of debts. Chapter 11: Company reorganizes finances under court supervision. Chapter 12: Farm reorganizes finances under court supervision. Chapter 13: Debtor arranges to repay debt. |
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