Monday, January 3, 2011

Vegas Snowstorm - Commercial Bankruptcy Filings Increase in December 2010


SNOW IN VEGAS - 2011




Who said it doesn't snow in Vegas - photos from Monday, January 3, 2011?  It is expected that commercial bankruptcy filings will increase in 2011.  The following commercial cases were filed in December 2010 through January 2, 2011 (there was a total of 1837 cases filed in Las Vegas during this time frame).......

SUNSHINE HOLDING COMPANY, LLC
MANAGED BILLING SERVICES, LLC
MAXIMUM INVESTMENT ENTERPRISES, LLC
D & M ENTERPRISES GROUP, INC.
WHITTON CORPORATION
IMAGE RESORT, LLC
AD SYSTEMS COMMUNICATIONS INC
ROMA GRILL LLC
GEMINIZONE, LLC
SOUTH TECH SIMMONS 3040C, LLC
MAYAN PROPERTIES, LLC
5440 W Sahara LLC
SOUTH EDGE, LLC
HILLS CENTER OFFICE I, LLC
ACTION GLASS CORP.
STONE GATE WINERY
ADVANCED STEEL SYSTEMS, INC.
TWAIN CONDOMINIUMS, LLC
Bullhead 1117, LLC
MDP CALIFORNIA, INC.
HARAN, LLC
EL PATRON CONCRETE, INC
MILLENIUM HOLDING GROUP, INC.
ELLIS GAMING & ENTERTAINMENT, LLC
SOUTHWESTUSA CORPORATION
CIMMARON SQUARE ROT, LLC
CIMMARON SQUARE KG, LLC
ALMA GW AZ, LLC
MOBIUS MATHEMATICS, LLC

1 comment:

  1. Hello! Glad to have a chance to drop by and learn additional information about this particular topic from your blog. Keep up the good work! Thank you so much for sharing your knowledge about bankruptcy. You have an interesting and very informative page. I'll be looking forward to visit your page again and for your other posts as well.
    In addition to that, I remembered reading another article about bankruptcy that states that in Chapter 7, a debtor surrenders his or her non-exempt property to a bankruptcy trustee who then liquidates the property and distributes the proceeds to the debtor's unsecured creditors. In exchange, the debtor is entitled to a discharge of some debt; however, the debtor will not be granted a discharge if he or she is guilty of certain types of inappropriate behaviour (e.g. concealing records relating to financial condition) and certain debts (e.g. spousal and child support, student loans, some taxes) will not be discharged even though the debtor is generally discharged from his or her debt. Many individuals in financial distress own only exempt property (e.g. clothes, household goods, an older car) and will not have to surrender any property to the trustee. The amount of property that a debtor may exempt varies from state to state. Chapter 7 relief is available only once in any eight year period. Generally, the rights of secured creditors to their collateral continues even though their debt is discharged. For example, absent some arrangement by a debtor to surrender a car or "reaffirm" a debt, the creditor with a security interest in the debtor's car may repossess the car even if the debt to the creditor is discharged.
    We understand that you are feeling stress and worry about your financial future. Our firm can take some of the burden off your shoulders.

    Bankruptcy Lawyer Salem MA

    ReplyDelete