SHORES OF PANAMA, INC. Bankruptcy Filing

Case Number: 08-50066

SHORES OF PANAMA, INC. filed a 7 chapter bankruptcy in the Northern District of Florida bankruptcy court on February 26, 2008. This is a voluntary filing; it was assigned the bankruptcy case number #08-50066.

SHORES OF PANAMA, INC. Filing Information

The bankruptcy petition for SHORES OF PANAMA, INC. showed assets in the range of $100MM - $500MM with liabilities in the range of $100MM - $500MM. SHORES OF PANAMA, INC. reports that the number of creditors is in the range of 100-199.

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'.

SHORES OF PANAMA, 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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SHORES OF PANAMA, INC. Docket Header

ADV, Ch7Bus, CLAIMS, CONVERTED




U.S. Bankruptcy Court
Northern District of Florida (Panama City)
Bankruptcy Petition #: 08-50066-KKS

Assigned to: Judge Karen K. Specie
Chapter 7
Previous chapter 11
Voluntary
Asset


Case Manager:  Latonia Isom
Date filed:  02/26/2008
Date converted:  01/14/2010
341 meeting:  02/24/2010
Deadline for filing claims:  05/01/2010

Debtor
Shores of Panama, Inc.
P. O. Box 7430
Spanish Fort, AL 36577
Bay-FL
Tax ID / EIN: 73-1702696

rep. by John E. Venn
John E. Venn, Jr., P.A.
1333 College Pkwy., #154
Suite 603
Gulf Breeze, FL 32563
850-438-0005
Email:
 johnevennjrpa @ aol.com

Trustee
Karin A. Garvin
1801 W. Garden Street
Pensacola, FL 32502
850-437-5577

rep. by John Hardy Adams
Beggs & Lane, RLLP
501 Commendencia Street
Pensacola, FL 32502
850-432-2451
Fax : 850-469-3331
Email:
 jha @ beggslane.com

Karin A. Garvin
1801 W. Garden Street
Pensacola, FL 32502
850-437-5577
Fax : 850-437-5250
Email:
 trustee @ kgarvinlaw.com

Karin A. Garvin
Karin A. Garvin, P.L.
1801 W. Garden Street
Pensacola, FL 32502
850-437-5577
Fax : 850-437-5250
Email:
 kgarvin @ kgarvinlaw.com

U.S. Trustee
United States Trustee
110 E. Park Avenue
Suite 128
Tallahassee, FL 32301
850-942-1660

rep. by Jason H. Egan
Office of the U. S. Trustee
110 E. Park Avenue
Suite 128
Tallahassee, FL 32301
(850) 942-1664
Fax : (850) 942-1669
Email:
 jason.h.egan @ usdoj.gov

Creditor Committee
Osiris, Inc.
c/o Robert R. Moore, CEO
2569 NE Cherry Lake Circle
Pinetta, FL 32350
TERMINATED: 01/14/2010

rep. by Ivan J. Reich
NASON YEAGER
3001 PGA Boulevard
Suite 305
Palm Beach Gardens, FL 33410
561-227-4562
Fax : 561-982-7116
Email:
 ireich @ nasonyeager.com
TERMINATED: 01/14/2010

Creditor Committee
C.F. Jordan Residential, L.P.
c/o Harrel L. Davis, III, Esquire
Gordon Mott & Davis, P.C.
Post Office Box 1322
El Paso, TX 79912
915-545-1133
TERMINATED: 01/14/2010

rep. by C.F. Jordan Residential, L.P.
PRO SE

Ivan J. Reich
NASON YEAGER
3001 PGA Boulevard
Suite 305
Palm Beach Gardens, FL 33410
561-227-4562
Fax : 561-982-7116
Email:
 ireich @ nasonyeager.com
TERMINATED: 01/14/2010

Creditor Committee
Danny & Shannon Meserole
Tracy Mizell & Thomas Braxton
c/o Shannon Meserole, Representative
485 John Elliot Rd.
McDonough, GA 30252
770-633-914
TERMINATED: 01/14/2010

rep. by Ivan J. Reich
(See above for address)
TERMINATED: 01/14/2010

Creditor Committee
Official Committee of Unsecured Creditors
c/o Gray Robinson
401 E. Las Olas Blvd, Ste 1850
Ft. Lauderdale, FL 33301
(954) 761-7508
TERMINATED: 01/14/2010
rep. by Ivan J. Reich
(See above for address)
TERMINATED: 01/14/2010

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