Metal Storm, Inc., Chapter 7 Bankruptcy

Written by CFB Blogger. Posted in Blog

Metal Storm, Inc., of Herndon, Virginia, has recently filed for Chapter 7 bankruptcy in the Virginia Eastern Bankruptcy Court, listing $0 to $50,000 in assets and liabilities of $10,000,001 to $50 million. The largest unsecured creditor is listed as Peter D. Faulkner. Other creditors include but are not limited to Aerotek, Inc., Australian Special Opp. Fund, Benton, Potter, & Murdock, PC, Capitol Office Solutions, CDS Air Freight, Cox Communications, CT Corporation, Diener & Associates and Fedex. According to their website, “Metal Storm, Inc. is the exclusive licensee of Metal Storm’s unique, electronically fired, stacked projectile technology. We provide products and services that deliver scalable, variable effects through an array of launching systems. Metal Storm services defense and law enforcement communities around the world.” If you are contemplating filing for a Chapter 7 or Chapter 13 personal bankruptcy, do not proceed without an experienced and knowledgeable bankruptcy attorney from Client First Bankruptcy at your side. To schedule your free initial consultation, please call 800-383-6004 Monday through Friday from 8:30 a.m. to 6:00 p.m. Central Time. For up-to-date and accurate bankruptcy advice any time, please log onto our new, easy-to-navigate site, www.clientfirstbankruptcy.com. It could be the key to your financial freedom. Attorneys from Client First Bankruptcy have helped thousands of consumers discharge their crushing debt. Let’s talk; we may be able to help you, too.

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Where’s the Beef?

Written by CFB Blogger. Posted in Blog

Tim and Heidi Redelsperger, the former owners of a Beef O’Brady’s franchise in Billings, Montana, have filed for a joint Chapter 7 bankruptcy in the U.S. Bankruptcy Court District of Arizona in Phoenix, owing over $2.1 million, mainly related to their restaurant business. The couple’s bankruptcy filing is, apparently, an attempt to thwart the collection efforts of some 90 creditors, including the state of Montana, Big Sky Linens and Uniforms, Ocwen Loan Servicing of Florida, Thomas McGrath Trust of Idaho, TV stations for advertising, banks and restaurant food, beverage and equipment suppliers, reports Erik Olson for www.billingsgazette.com. The restaurant, which closed suddenly in mid-September with little or no warning to employees or suppliers, opened just a year ago September with business partner, Jim Wood. The casino behind Beef O’Brady’s remains open under different ownership. The owners operated the restaurant under the name Fresh Concepts, which also ran the restaurant Baja Fresh/Canyon Burgers. That business closed in July, again with little or no warning. Mr. Redelsperger is listed in court documents as president of Snappy Auto Spa, a car wash business; Mrs. Redelsperger is a senior account executive at Riviera Broadcasting in Phoenix. In bankruptcy documents, the couple listed their combined monthly income at $6,946.41. They listed their monthly expenses at $7,435; seems like they need to work on a better monthly budget. Beef O’Brady’s, a Florida-based restaurant chain with locations in 23 states, “is a family-friendly sports pub, with 40 beers on tap and big-screen TVs for watching sports, [serving] hamburgers, Mexican food, pizza and wings. Officials at Beef O’Brady’s headquarters, who are owed about $90,000 in franchise fees, have said they hope to find another owner to restart the Billings restaurant, which they said had been doing well”, the article avers. For experienced and knowledgeable Chapter 7 or Chapter 13 personal bankruptcy assistance, trust the attorneys from Client First Bankruptcy who have helped satisfied clients discharge their debt. For your free initial consultation, please call our knowledgeable and compassionate bankruptcy representatives at 800-383-6004. And log onto www.clientfirstbankruptcy.com for vital and timely bankruptcy information 24/7 so you can get the information you need at your convenience.

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