ASIA PACIFIC FINANCIAL MANAGEMENT GROUP, INC. Bankruptcy Filing
Case Number: 23-00005
ASIA PACIFIC FINANCIAL MANAGEMENT GROUP, INC. filed a 11 chapter bankruptcy in the District of Guam bankruptcy court on April 26, 2023. This is a voluntary filing; it was assigned the bankruptcy case number #23-00005.
ASIA PACIFIC FINANCIAL MANAGEMENT GROUP, INC. Filing Information
The bankruptcy petition for ASIA PACIFIC FINANCIAL MANAGEMENT GROUP, INC. showed assets in the range of $1MM - $10MM with liabilities in the range of $1MM - $10MM. ASIA PACIFIC FINANCIAL MANAGEMENT GROUP, INC. reports that the number of creditors is in the range of 1-49.
The debtor indicated their nature of business as 'None of the Above'. The nature of business option is fairly limited; most companies will chose 'None of the Above'. The options include: 'Health Care Business', 'Single Asset Real Estate', 'Railroad', 'Stockbroker', 'Commodity Broker', 'Clearing Bank', or 'None of the Above'.
ASIA PACIFIC FINANCIAL MANAGEMENT GROUP, INC. indicated on its bankruptcy petition that it does not expect there will be sufficient assets in the estate to make a payment to the unsecured creditors. This is a bad sign for creditors as it implies that no recovery is likely.
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ASIA PACIFIC FINANCIAL MANAGEMENT GROUP, INC. Docket Header
Subchapter_V, SmBus, PlnDue, DsclsDue |
District Court of Guam (Hagatna)
Bankruptcy Petition #: 23-00005
Assigned to: Chief Judge Frances M. Tydingco-Gatewood Chapter 11 Voluntary Asset |
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| Debtor Asia Pacific Financial Management Group, Inc. 145 Aspinall Avenue Hagatna, GU 96910 ALL JURISDICTIONS-GU (671) 472-6400 Tax ID / EIN: 66-0493272 |
rep. by |
Joyce C.H. Tang
Civille and Tang, PLLC 330 Hernan Cortez Avenue Suite 200 Hagatna, GU 96910 671-472-8868 Fax : 671-477-2511 Email: jtang @ civilletang.com |
| U.S. Trustee Curtis Ching Office of the U.S. Trustee 300 Ala Moana Boulevard Room 4108 Honolulu, HI 96850 808-522-8154 |