AMERICAN TRADERS, INC. Bankruptcy Filing
Case Number: 24-90602
AMERICAN TRADERS, INC. filed a 11 chapter bankruptcy in the Eastern District of California bankruptcy court on October 11, 2024. This is a voluntary filing; it was assigned the bankruptcy case number #24-90602.
AMERICAN TRADERS, INC. Filing Information
AMERICAN TRADERS, INC., a California-based corporation, has filed for Chapter 11 bankruptcy protection. The company filed its petition on October 11, 2024, with case number 24-90602, under the jurisdiction of the United States Bankruptcy Court for the Eastern District of California. Judge Ronald H. Sargis will oversee the bankruptcy proceedings. The corporation's address is listed as 1720 Sisk Road, Modesto, CA. According to bankruptcy information, this filing marks a significant step in AMERICAN TRADERS, INC.'s restructuring efforts, with the company seeking protection under Chapter 11 of the US Bankruptcy Code. This chapter provides a framework for reorganizing debts and creating a plan to emerge from financial difficulties. With its filing, AMERICAN TRADERS, INC. aims to navigate this process and achieve a successful turnaround, subject to the supervision of Judge Sargis and the court.
American Traders, Inc., a company operating in the traveler accommodation industry, has filed for bankruptcy. The filing indicates that the company's assets are valued within the range of $1 million to $10 million. Conversely, its liabilities also fall within this range, suggesting a relatively stable balance sheet before the bankruptcy. Notably, American Traders, Inc. has only one creditor listed, indicating that the company may have had limited financial obligations prior to filing for bankruptcy. As a business in the traveler accommodation sector, it is likely that the company catered to travelers seeking short-term accommodations, possibly through various channels such as hotels or vacation rentals. The specifics of the case are still emerging, but this initial information paints a picture of a relatively small and manageable financial situation prior to the bankruptcy filing.
AMERICAN TRADERS, 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.
How Bankruptcy Monitoring Works
At Bankruptcy Observer, our mission is to save you time and simplify the process of accessing and monitoring bankruptcy cases. Whether you're a legal professional, financial analyst, business owner, competitor, or employee of a bankrupt company, our platform will help you to stay informed and stay organized quickly and efficiently.
|
Subscribe for Full Access With our $40 monthly subscription, you can monitor up to 5 cases simultaneously. This includes real-time email alerts for any new developments, such as new filings or docket updates. Perfect for professionals who need to keep track of multiple cases. |
|
|
Search & Select Cases Search & Select Cases After subscribing, use our powerful search tool to find the bankruptcy cases you want to monitor. Simply sign up for alerts on each case to start receiving daily update. (Monitor up to 5 cases at the same time.) |
|
Pay-As-You-Go Option If you only need to monitor a single case, you can do so without subscribing. For just $14.99, you can set up monitoring for one case, receiving the same timely alerts without the full subscription commitment. |
|
|
Receive Real-Time Alerts With our $40 monthly subscription, you can monitor up to 5 cases simultaneously. This includes real-time email alerts for any new developments, such as new filings or docket updates. Perfect for professionals who need to keep track of multiple cases. |
AMERICAN TRADERS, INC. Docket Header
Assigned to: Hon. Ronald H. Sargis Chapter 11 Voluntary Asset |
|
| Debtor American Traders, Inc. 1720 Sisk Road Modesto, CA 95350 STANISLAUS-CA SSN / ITIN: xxx-xx-0000 Tax ID / EIN: 45-3834316 |
rep. by |
Michael Jay Berger
9454 Wilshire Blvd 6th Fl Beverly Hills, CA 90212-2929 (310) 271-6223 Email: michael.berger @ bankruptcypower.com |
| U.S. Trustee Office of the U.S. Trustee Robert T Matsui United States Courthouse 501 I Street , Room 7-500 Sacramento, CA 95814 |