Jonathan T. Lloyd and Thomas E. Lloyd, filed Chapter 7 (liquidation) bankruptcy on 11/15/2010. The Notice of Bankruptcy Case filings lists the address of both debtors as 3010 Robin Ridge Court in Fairfax, VA 22031. For more information on Chapter 7 (liquidation) bankruptcy proceedings, go to www.wikipedia.org.
Thomas E. Lloyd, Jr., also known as Thomas E. Lloyd, filed Chapter 7 bankruptcy on 11/15/2010 in the US Bankruptcy Court for the Eastern District of Virginia, Case No. 10-19675-SSM. Judge Stephen S. Mitchell will be hearing the case. The hearing of creditors is set for December 23, 2010, at 11:00 am. at the address set forth below. Creditors listed include Arthur C. Morgan, Brian G. Tipton, Edward J. Tolchin, Erskine C. Rogers, III, Gregory C. Mitchell, Rand Wachsstock, Rick Wilcox, Snap On Credit, Verizon Select Service, Treasure Coast Commerce Center, LLL, Capitol One Auto Finance, First Premier Bank, M. Bekhrad & N. Roudan, Amer. Col. Ent.
Jonathan T. Lloyd also filed Chapter 7 bankruptcy on 11/15/2010, Case number 10-19685-SSM. Same Judge--Judge Stephen S. Mitchell. Same creditor's hearing date--12/23/2010 at 11:00 am. Similar list of creditors with additions of Harley-Davidson Credit Corp., Ally Finci, Esb/Harley Davidson Cr, and Amerassist.
If you want further information, call the Office of the US Trustee for the case, Gordon P. Peyton, at 703-684-2000. If you want to view the bankruptcy petition and other documents filed by the debtors, they are available at
http://www.vaeb.uscourts.gov or go to the Clerk's office at 200 So. Washington Street, Alexandria, VA 22314.
If you are interested in attending the creditor's meeting, it will be on 12/23/2010, at 11:00 am at 115 South Union Street, Suite 206, Alexandria, VA 22314.
Basic information about Chapter 7 proceedings from Wikipedia is:
For businesses
When a troubled business is badly in debt and unable to service that debt or pay its creditors, it may file (or be forced by its creditors to file) for bankruptcy in a federal court under Chapter 7. A Chapter 7 filing means that the business ceases operations unless continued by the Chapter 7 Trustee. A Chapter 7 Trustee is appointed almost immediately, with broad powers to examine the business's financial affairs. The Trustee generally sells all the assets and distributes the proceeds to the creditors. This may or may not mean that all employees will lose their jobs. When a very large company enters Chapter 7 bankruptcy, entire divisions of the company may be sold intact to other companies during the liquidation.[citation needed]
Fully secured creditors, such as collateralized bondholders or mortgage lenders, have a legally enforceable right to the collateral securing their loans or to the equivalent value, a right which cannot be defeated by bankruptcy. A creditor is fully secured if the value of the collateral for its loan to the debtor equals or exceeds the amount of the debt. For this reason, however, fully secured creditors are not entitled to participate in any distribution of liquidated assets that the bankruptcy trustee might make.
In a Chapter 7 case, a corporation or partnership does not receive a bankruptcy discharge—instead, the entity is dissolved. Only an individual can receive a Chapter 7 discharge (see 11 U.S.C. § 727(a)(1)). Once all assets of the corporate or partnership debtor have been fully administered, the case is closed. The debts of the corporation or partnership theoretically continue to exist until applicable statutory periods of limitations expire.