MAGNA IMPERIO SYSTEMS CORP. Bankruptcy Filing

MAGNA IMPERIO SYSTEMS CORP. Bankruptcy Date

MAGNA IMPERIO SYSTEMS CORP. filed a 7 chapter bankruptcy in the Southern District of Texas bankruptcy court on November 01, 2023. This is a voluntary filing; it was assigned the bankruptcy case number #23-34231.

MAGNA IMPERIO SYSTEMS CORP. Bankruptcy Information

The bankruptcy petition for MAGNA IMPERIO SYSTEMS CORP. showed assets in the range of $1MM - $10MM with liabilities in the range of $50MM - $100MM. MAGNA IMPERIO SYSTEMS CORP. reports that the number of creditors is in the range of 50-99.

The debtor indicated their nature of business as 'None of the Above'. The options for nature of business in bankruptcies are rather limited and archaic. They include 'Health Care Business', 'Single Asset Real Estate', 'Railroad', 'Stockbroker', 'Commodity Broker', 'Clearing Bank', or 'None of the Above'.

Unsecured Creditor Treatment in MAGNA IMPERIO SYSTEMS CORP. Bankruptcy:

MAGNA IMPERIO SYSTEMS CORP. 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.

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MAGNA IMPERIO SYSTEMS CORP. Bankruptcy Docket Header

Assigned to: Bankruptcy Judge Jeffrey P Norman
Chapter 7
Voluntary
Asset

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Claims Register

Date filed:	11/01/2023
341 meeting:	12/20/2023

Debtor Magna Imperio Systems Corp., Debtor 7330 North Sam Houston Parkway West Suite 100 Houston, TX 77064 HARRIS-TX Tax ID / EIN: 46-5569068	rep. by	John David Cornwell Munsch Hardt Kopf & Harr PC 700 Milam St. Ste 800 Houston, TX 77002 713-222-4070 Email: jcornwell @ munsch.com
In Re William Gershen 2440 Impala Drive Carlsbad, CA 92010
Trustee Janet S Casciato-Northrup Janet S. Casciato-Northrup, Trustee 1201 Louisiana, Ste. 2800 Houston, TX 77002 713-590-4200 TERMINATED: 11/02/2023
Trustee Ronald J Sommers Ronald Sommers, Trustee 1400 Post Oak Blvd., Suite 300 Houston, TX 77056 713-892-4801	rep. by	Iain L Kennedy Nathan Sommers Gibson Dillon PC 1400 Post Oak Blvd Suite 300 Houston, TX 77056 713-960-0303 Email: ikennedy @ nathansommers.com Ronald J Sommers Ronald Sommers, Trustee 1400 Post Oak Blvd., Suite 300 Houston, TX 77056 713-892-4801 Email: efile @ nathansommers.com
U.S. Trustee US Trustee Office of the US Trustee 515 Rusk Ave Ste 3516 Houston, TX 77002 713-718-4650

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