SEG FINANCIAL, INC. Bankruptcy Filing
Case Number: 24-12473
SEG FINANCIAL, INC. filed a 7 chapter bankruptcy in the Central District of California bankruptcy court on September 30, 2024. This is a voluntary filing; it was assigned the bankruptcy case number #24-12473.
SEG FINANCIAL, INC. Filing Information
SEG Financial, Inc., a corporation based at 609 W. Orangethorpe Ave., Placentia, CA, has filed for bankruptcy under case number 24-12473 in the California Central Court. According to the bankruptcy filing, which was recorded on September 30, 2024, SEG Financial, Inc. is seeking relief from its creditors as it navigates financial difficulties. The court-appointed Judge Theodor Albert will oversee the restructuring process. This marks a significant development for the company, bringing an end to its operations and potentially paving the way for a structured repayment plan with its creditors. As the bankruptcy proceedings unfold, stakeholders can expect increased transparency into the company's financial situation and the steps being taken to address its debt obligations.
SEG FINANCIAL, 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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SEG FINANCIAL, INC. Docket Header
Assigned to: Theodor Albert Chapter 7 Voluntary No asset |
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| Debtor SEG Financial, Inc. 609 W. Orangethorpe Ave. Placentia, CA 92870 ORANGE-CA Tax ID / EIN: 81-4448604 |
rep. by |
Anthony B Vigil
Law Offices of Anthony B Vigil APC 27201 Puerta Real Ste 300 Mission Viejo, CA 92691 949-432-4808 Fax : 949-432-4804 Email: ecf @ vigillawgroup.com |
| Trustee Jeffrey I Golden (TR) Golden Goodrich LLP 3070 Bristol Street, Suite 640 Costa Mesa, CA 92626 (714) 966-1000 |
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| U.S. Trustee United States Trustee (SA) 411 W Fourth St., Suite 7160 Santa Ana, CA 92701-4593 (714) 338-3400 |