DRAIN SERVICES INC. Bankruptcy Filing
Case Number: 23-30352
DRAIN SERVICES INC. filed a 11 chapter bankruptcy in the District of North Dakota bankruptcy court on October 02, 2023. This is a voluntary filing; it was assigned the bankruptcy case number #23-30352.
DRAIN SERVICES INC. Filing Information
The bankruptcy petition for DRAIN SERVICES INC. showed assets in the range of $1MM - $10MM with liabilities in the range of $100,001-$1,000,000. DRAIN SERVICES 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'.
DRAIN SERVICES 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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DRAIN SERVICES INC. Docket Header
Subchapter_V, PlnDue, NODISCH, NTCAPR, SmBus |
District of North Dakota (Fargo)
Bankruptcy Petition #: 23-30352
Assigned to: Judge Shon Hastings Chapter 11 Voluntary Asset |
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| Debtor Drain Services Inc. 415 Main Ave E Ste 691 West Fargo, ND 58078 CASS-ND Tax ID / EIN: 45-3577720 |
rep. by |
Maurice VerStandig
The Dakota Bankruptcy Firm 1630 1st Avenue N Suite B PMB 24 Fargo, ND 58102 701-394-3215 Email: mac @ mbvesq.com |
| U.S. Trustee Robert B. Raschke Assistant U.S. Trustee Suite 1015 U.S. Courthouse 300 South Fourth Street Minneapolis, MN 55415 612-334-1350 |
rep. by | Sarah J. Wencil
Office of the U.S. Trustee Suite 1015 U.S. Courthouse 300 South Fourth Street Minneapolis, MN 55415 612-334-1366 Fax : 612-335-4032 Email: sarah.j.wencil @ usdoj.gov |