TITAN IMPORTS, INC. Bankruptcy Filing
Case Number: 22-00007
TITAN IMPORTS, INC. filed a 11 chapter bankruptcy in the District of Guam bankruptcy court on March 25, 2022. This is a voluntary filing; it was assigned the bankruptcy case number #22-00007.
TITAN IMPORTS, INC. Filing Information
The bankruptcy petition for TITAN IMPORTS, INC. showed assets in the range of $1MM - $10MM with liabilities in the range of $1MM - $10MM. TITAN IMPORTS, INC. 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 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'.
TITAN IMPORTS, 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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TITAN IMPORTS, INC. Docket Header
PlnDue, DFCY |
District Court of Guam (Hagatna)
Bankruptcy Petition #: 22-00007
Assigned to: Chief Judge Frances M. Tydingco-Gatewood Chapter 11 Voluntary Asset |
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| Debtor Titan Imports, Inc. P.O. Box 12633 Tamuning, GU 96931 ALL JURISDICTIONS-GU Tax ID / EIN: 66-0644570 |
rep. by |
David W. Dooley
Roberts Fowler & Visosky LLP 865 South Marine Corps Drive Suite 201 Tamuning, GU 96913 671-646-1222 Fax : 671-646-1223 Email: dooley @ guamlawoffice.com |
| U.S. Trustee Curtis Ching Office of the U.S. Trustee First Hawaiian Tower 1132 Bishop Street, Suite 602 Honolulu, HI 96813 808-522-8150 |