Bankruptcies:
The following businesses filed for legal protection from creditors in the federal bankruptcy court in Oakland.
Companies most commonly file for protection under three chapters of the bankruptcy code: Chapter 7, which involves liquidation of assets and appointment of a trustee to handle paying creditors' claims; Chapter 11, in which the debtor must submit a reorganization plan to meet the court's and creditors' approval but permits debtors to retain ownership; and Chapter 13, which involves proprietorship and allows the debtor to submit a payment plan.
Pjhulam K. Lama, dba: Shangri La Rugs & Crafts, 2708 Virginia St., Berkeley. Liabilities: $30,525. Assets: $22,552. Chapter 7. Filed June 30. Case #04-43594-lt7. Attorney: Ted Wolny.
Paul A. Scatena, dba: Advance Auto detail, 3597 Nevada St. #E, Pleasanton. Liabilities: $120,708. Assets: $8,600. Chapter 13. Filed June 30. Case #04-43602-rn13. Attorney: Steven Jacobs.
James B. West, dba: Builders Aid Construction, 5112 Concord Blvd., Concord. Liabilities: $580,563. Assets: $739,600. Chapter 13. Filed July 12. Case #04-43799-rn13. Attorney: Daniel Vaughan.
Hyper Corporation, 3000-F Danville Blvd. #387, Alamo. Liabilities: $224,784. Assets: $21,070. Chapter 11. Filed July 14. Case #04-43873-lt11. Attorney: Terrence Andrews.
Carol A. Storely, dba: Pleasant Hill-Martinez Examiner, 243 Boulder Drive, Antioch. Liabilities: not listed (over $100,000). Assets: not listed (under $50,000). Chapter 13. Filed July 14. Case #04-43871-lt13. Attorney: Peter Pappas."
Business Credit Insurance
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