QUALITY INCOME SYSTEMS, INC. Bankruptcy Filing

Case Number: 05-50023

QUALITY INCOME SYSTEMS, INC. filed a 11 chapter bankruptcy in the District of Hawaii bankruptcy court on December 09, 2005. This is a voluntary filing; it was assigned the bankruptcy case number #05-50023.

QUALITY INCOME SYSTEMS, INC. Filing Information

The bankruptcy petition for QUALITY INCOME SYSTEMS, INC. showed assets in the range of $1MM - $100MM with liabilities in the range of $1MM - $100MM. QUALITY INCOME SYSTEMS, INC. reports that the number of creditors is in the range of 1-49.

The debtor indicated their nature of business as Unknown. 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'.

QUALITY INCOME SYSTEMS, 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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QUALITY INCOME SYSTEMS, INC. Docket Header

CLOSED, DISMISSED




U.S. Bankruptcy Court
District of Hawaii (Honolulu)
Bankruptcy Petition #: 05-50023

Assigned to: Bankruptcy Judge Robert J. Faris
Chapter 11
Voluntary
Asset
 
Date Filed: 12/09/2005
Date Terminated: 03/07/2006
Date Dismissed: 02/22/2006

Debtor
Quality Income Systems, Inc.
P.O. Box 490
Volcano, HI 96785
Tax id: 16-1741440
fka
Gootnick Charitable, Tr., Inc.
aka
Gootnick Family Trust
aka
J & J Trust, Inc.
aka
Full Dimension Trust
aka
Professional Tax Related Fraud Research and Investigation

rep. by Wing C. Ng
1149 Bethel St., Ste. 306
Honolulu, HI 96813
808-599-4192

U.S. Trustee
Office of the U.S. Trustee
1132 Bishop Street, Suite 602
Honolulu, HI 96813-2830
808-522-8150
rep. by Curtis Ching
Office of The United States Trustee
1132 Bishop Street, Suite 602
Honolulu, HI 96813
808 522-8150
Email:
USTPRegion15.HI.ECF @ usdoj.gov

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