PALM BEACH FINANCE HOLDINGS, INC. Bankruptcy Filing
Case Number: 08-45392
PALM BEACH FINANCE HOLDINGS, INC. filed a 11 chapter bankruptcy in the District of Minnesota bankruptcy court on October 19, 2008. This is a voluntary filing; it was assigned the bankruptcy case number #08-45392.
PALM BEACH FINANCE HOLDINGS, INC. Filing Information
The bankruptcy petition for PALM BEACH FINANCE HOLDINGS, INC. showed assets in the range of more than $1B with liabilities in the range of more than $1B. PALM BEACH FINANCE HOLDINGS, 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'.
PALM BEACH FINANCE HOLDINGS, 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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PALM BEACH FINANCE HOLDINGS, INC. Docket Header
JNTADMN, MEMBER |
District of Minnesota (Minneapolis)
Bankruptcy Petition #: 08-45392
Assigned to: Judge Gregory F Kishel Chapter 11 Voluntary Asset |
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| Debtor Palm Beach Finance Holdings, Inc. 4400 Baker Rd Minnetonka, MN 55343 Tax ID / EIN: 43-1979943 fka Petters Capital, Inc. |
rep. by |
James A. Lodoen
Lindquist & Vennum P.L.L.P 4200 IDS Center 80 South Eighth Street Minneapolis, MN 55402 612-371-3234 Fax : 612-371-3207 Email: jlodoen @ lindquist.com |
| U.S. Trustee US Trustee 1015 US Courthouse 300 S 4th St Minneapolis, MN 55415 612-664-5500 |
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