Dega Ordered into Bankruptcy.Business Editors NEW YORK--(BUSINESS WIRE)--Jan. 24, 2000 Spectre Industries, Inc., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :STND STND Statewide Telecommunications and Network Division (California) ) wishes to announce the following developments: The United States 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. , Central District of California, has advised that on the consideration of the petition filed against Dega Technology, Inc. (&uot;Dega&uot;) and that Dega failed to answer or otherwise plead to the petition within the period prescribed in the Bankruptcy Rules, an Order of Relief under Chapter 7 of the United States Code Noun 1. United States Code - a consolidation and codification by subject matter of the general and permanent laws of the United States; is prepared and published by a unit of the United States House of Representatives U. S. is granted. Judge Robin Riblet rib·let n. 1. A cut of meat from a rib end of veal or lamb. 2. One of a series of microscopic grooves, each a few thousandths of an inch wide, inscribed on the surface of an adhesive-backed tape and used on airplanes and boat of the United States Bankruptcy Court, granted the order on January 7, 2000. The case number is ND-99-14336 RR. The Court further ordered that Dega shall prepare, make oath to, and file in the Court, within fifteen days a schedule of all its property, the location of the property and the money value in detail. Dega is to provide a list of all its creditors and the details of all of its debts. The Court has appointed a Trustee who will preside over a meeting of the creditors scheduled for February 29, 2000. Spectre will exercise all of its rights, including those set forth under applicable security agreements as a secured creditor. On Behalf of the Company, Ian S. Grant 604/984-0927 E-Mail: isgrant@direct.ca |
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