Bankruptcies

San Fernando Valley Business Journal, Oct 27, 2008

BCS Construction & Development Inc.

31324 Via Colinas Ste 107

Westlake Village

91362

Chapter:7

Assets:1,500

Debts:1,167,860

Doc#SVO8-16620-MT

File-Date:09/03/08

Judith Brecka

310-452-1210

Construction.

Z & Z International Corp

8520 Woodley Ave

North Hills

91343

Chapter:7

Assets:N/A

Debts:N/A

Doc#SV08-16734-MT

File-Date:09/08/08

Eric Johnson

310-215-1164

Bus type N/A.

Daniel Sijung Kang

FDBA: Spinal Solutions Chiropractic

15050 Chatsworth St

Mission Hills

91345

Chapter:7

Assets:360,940

Debts:620,947

Doc#SV08-16805-KT

File-Date:09/09/08

Kelly Cha

213-382-9490

Chiropractic service.

Import Stone, Inc

(Involuntary filing.)

7817 Van Nuys Blvd

Van Nuys

91402

Chapter:7 (Invol.)

Assets:N/A

Debts:N/A

Doc#SV08-16853-KT

File-Date:09/10/08

Jeffrey Smith (For petitioners).

562-624-1177

Bus type N/A.

Sigalit Turgeman

AW: Cono Corp; DBA: Safari Moving

and Storage

4919 Laurel Canyon Blvd #3

Valley Village

91607

Chapter:7

Assets:37,011

Debts:497,438

Doc#SV08-16969-GM

File-Date:09/14/08

Shai Oved

818-992-6588

Moving and storage.

Dealers Auto Center, Inc.

20952 Sherman Way

Canoga Park

91303

Chapter:7

Assets:8,000

Debts:1,234,345

Doc#SV08-17025-KT

File-Date:09/16/08

Rosendo Gonzalez

213-452-0070

Auto dealer.

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