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Bankrupcy

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 $5,000. 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 Computer Trading International Inc. (business type n/a) 7535 Woodman Place, Van Nuys 91405 Chapter: 7 Assets: $1,393,135 Debts: $1,783,308 Doc #SV99-22917-AG File Date: 11/08/99 Attorney: Richard Girgado 661-799-9173 Pico Macom, Inc (mfg/sales of high-end tv cable equipment) 12500 Foothill Blvd., Lakeview Terrace 91342 Chapter: 11 Assets: $11,500,000 Debts: $13,700,000 Doc #SV99-23304-AG File Date: 11/17/99 Attorney: Ron Bender 310-229-1234 PacificAmerica Money Center, Inc. (holding co. for mortgage banking) 21031 Ventura Blvd., Woodland Hills 91364 Assets: $87,737,084 Debts: $66,549,626 Doc #SV99-23444-EC File Date: 11/19/99 Attorney: Joseph Eisenberg 310-203-8080 West Coast Waterproofing, Inc. (waterproofing/decking subcontractor) 17462 Candia St. Granada Hills b91344 Assets: $52,236 Debts: $437,385 Doc #SV99-23289-AG Attorney: Leslie Grossman 818-366-4140 Adar Farkash DBA: Woodcraft; Craft All Woodcraft, Inc. (home remodeling) 6435 Pinion St., Agoura 91301 Chapter: 7 Assets: $16,550 Debts: $378,358 Doc #SV99-23378-GM Attorney: No outside representation RealEDI, Inc. (retail internet site) 15260 Ventura Blvd. Suite 1750, Sherman Oaks 91403 Chapter: 11 Assets: $500,000 Debts: $830,000 Doc #SV99-23639-AG File Date: 11/29/99 Attorney: Richard Gibson 310-277-5581 Futurenet Online, Inc. Internet Mktg. (market consumer electronics) 28460 Avenue Stanford, Valencia 91355 Chapter:11 Assets:1,824,895 Debts:3,374,698 Doc#SV99-23666-KL File-Date:11/29/99 Maurice Wainer 310-557-1905 H/P III, Ltd. 15445 Ventura Blvd., Suite 1004 Sherman Oaks 91403 Assets: N/A Debts: N/A Doc #SV99-23672-KL Attorney: Michael Weiss 310-385-8800 Sanga International, Inc; Sanga Canada; Sanga USA; Sanga New Zealand (business type n/a) c/o 20750 Ventura Blvd, Suite 320 Woodland Hills 91364 Chapter: 11 Doc #SV99-23671-AG File Date: 11/29/99 Attorney: Marc Beilinson 310-277-6910 1800 State Street, Ltd. 15445 Ventura Blvd., Suite 1004, Sherman Oaks 91403 Assets: N/A Debts: N/A Doc #SV99-23674-KL BOLDFACE INDICATES UPDATED FIGURES Sources: Central District of Calif., (bankruptcies); Economic Development Corporation, Los Angeles (business failures, exports, imports); Burbank-Glendale-Pasadena Airport Authority (Burbank passenger traffic and air cargo); Axicom/DataQuick Information Systems Inc., La Jolla (construction lending, property lending, refinance lending, home sales, home prices); First American Real Estate Solutions (foreclosures); Grubb & Ellis (office and industrial vacancy rates); PKF Consulting (hotel occupancy, room rate), City of Los Angeles Housing Department (apartment vacancies).

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