The morning routine isn't to just start work. It's to check stock prices, read Yahoo! headlines, and browse the American Corporate Counsel newsstand. Success requires noticing when sectors converge and turning data points into trends. Stay on top of the news to be aware of what potential business partners and competitors are up to. The following recent bankruptcy filings give insight on whom to do business with.
Gumba Investors filed for Chapter 11 bankruptcy. Debtor's assets may be available for acquisition. The Debtor's real property totals $304,875,000 and consists of the following located in Oroville, California: 2053 Nelson Avenue valued at $360,000; 6539 Jack Hill Drive valued at $275,000; 827 Grand Avenue valued at $220,000; 8824 Highway 99 valued at $300 million; Baldwin Avenue valued at $50,000; Dillard Court valued at $110,000; Kanaka Drive valued at $110,000; and Lincoln Boulevard and Mitchell Avenue valued at $3 million; 705 Cottage Lane in Susanville, California, valued at $750,000. The Debtor lists no income.
Blossom Valley, Inc. filed for Chapter 11 bankruptcy. Debtor's assets may be available for acquisition. The Debtor's real property total value is $34,375,000 and consists of: Grandview Condos located on North Capital Avenue in San Jose, California, valued at $12.6 million; Messina Condos located on North Capital Avenue in San Jose, California, valued at $16,775,000; Oak Knoll Single-Family Homes located on San Felipe Road in San Jose, California, valued at $5 million. Debtor's personal property includes furniture, art, TVs, decorating items located in models located at Messina Gardens, valued at $80,000. Debtor has home purchase contracts with six individuals. Debtor's income for 2007 was $9,927,411; for 2008 was $7,948,628; for 2009 to date of bankruptcy petition was $3,457,768.
451 Oro Dam Blvd., LLC filed for Chapter 11 bankruptcy. Debtor's assets may be available for acquisition. Debtor owns property located at 451 Oro Dam Boulevard in Oroville, California, valued at $7.8 million. Debtor's personal property includes accounts receivable of $18,641. Debtor has leases with 17 tenants, including Cash Advance; Cassidy's; Coldwell Banker; Fidelity National Title Co.; Jim & Jan's Donuts; La Spa; Subway.
Diamond Oaks Vineyards, Inc. filed for Chapter 11 bankruptcy. Debtor's assets may be available for acquisition. Debtor's real property is valued at $18.6 million and consists of: 4500 St. Helena Highway in Calistoga, California, valued at $8.8 million; 26900 Dutcher Creek Road in Cloverdale, California, valued at $4.2 million; and 4529-4531 St. Helena Highway in Calistoga, California, valued at $5.6 million. Debtor's personal property includes: accounts receivable of $6,453,637 (includes estimated grape sales); Ford F-150 truck valued at $6,000; office equipment valued at $2,000; 154 acres of crops value at $762,000; and farming equipment valued at $346,660. Debtor's income from sale of the grape harvest for 2007 was $1,012,511; for 2008 it was $830,129; for 2009 to date of bankruptcy petition was $477,600.
925 Oriole, LLC filed for Chapter 11 bankruptcy. Debtor's assets may be available for acquisition. Debtor owns a developable residential lot located at 925 Oriole in Laguna Beach, California, valued at $3 million. Debtor does not list any income.
Discuss concerns on recent bankruptcy filings with a local bankruptcy attorney.
