Posted by LarryTN on 7/22/13 7:28pm Msg #477698
Bankrupt Proceedings
Got a notice today about a bankruptcy, and the company is based in Indiana. I have no idea what name they go by, but it has Case# 13-07414-JKC-7...Can anyone tell me who this company is?
| Reply by Linda_H/FL on 7/22/13 7:29pm Msg #477699
Who's the debtor on the bankruptcy notice? n/m
| Reply by LarryTN on 7/22/13 7:32pm Msg #477700
Re: Who's the debtor on the bankruptcy notice?
Robert Chas Goo and Sally Ann Corillo
| Reply by Linda_H/FL on 7/22/13 7:43pm Msg #477701
The R&R Group - do a search here for "Goo"
LOL..that's how I found it.
| Reply by Marian_in_CA on 7/22/13 9:11pm Msg #477704
R&R Group
Larry... they go by R&R Group. You might as well write off the $100 and kiss it goodbye.
It's not the first time they've filed. They also filed in 2011, but it was dismissed just over a year ago. I didn't look at all the details, or see why it was dismissed... but when it was dismissed last year they listed over 420 creditors.
This time they also filed a Chapter 7, no asset, citing business debt. They list 486 creditors....many of them individual notaries for fees ranging from $50 (!) to $200 or more. There's one notary in Ohio listed at over $5,000! There's also a lot of business credit cards or lines of credit. Most of the dates for these seem to be from around 2009-2011.
According to the filing they owe $1,168,876.67, $816,470.67 of it being over 100 unsecured creditors. They claim to have $27.65 in their business checking account.
The IRS has a nice claim against them for $147,000 from 2005 to present.
It's obvious that they've filed because there are multiple lawsuits, including at least one foreclosure which happened in March and another pending auction any day now. By filing the bankruptcy, it temporarily stops the one foreclosure... but not for long.
This is all per the Federal PACER system...both are listed:
1 Goo, Robert Charles (db) insbke 1:11-bk-14376 7 11/18/2011 03/19/2012 Dismissed for Other Reason 02/15/2012 2 Goo, Robert Charles (db) insbke 1:13-bk-07414 7 07/12/2013
Office: Indianapolis Filed: 07/12/2013 County: JOHNSON-IN Terminated: Fee: Paid Debtor discharged: Joint debtor discharged: Origin: 0 Reopened: Previous term: Converted: Debtor dismissed: Joint debtor dismissed: Joint: y Confirmation hearing: Original chapter: 7 Current chapter: 7 Nature of debt: business Pending status: Awaiting 341 Meeting ,Awaiting Discharge ,Awaiting Notice of Financial Management Course Flags: FMCertDue, MEANSNO Trustee: U.S. Trustee City: Indianapolis Phone: 317-226-6101 Email: [e-mail address] Trustee: Gregory S. Fehribach City: Indianapolis Phone: 317-638-2400 Email: [e-mail address] Party 1: Goo, Robert Charles (Debtor) Party 2: Carrillo, Sally Ann (Joint Debtor) Atty: Charles S. Roach Represents party 1: Debtor Phone: 317-888-7620 Fax: 317-608-6725 Email: [e-mail address] Atty: Charles S. Roach Represents party 2: Joint Debtor Phone: 317-888-7620 Fax: 317-608-6725 Email: [e-mail address]
| Reply by LarryTN on 7/22/13 9:29pm Msg #477705
Re: R&R Group
Thanks for the info, but I do not have any outstanding fees from R&R Group...that I know of! Are there any other company names associated with this R&R Group? I have received these things before, and found that I am not owed by the company filing!
| Reply by Claudine Osborne on 7/22/13 9:32pm Msg #477706
Re: R&R Group
I used to work for them a few years ago..They were always late in paying and had to chase them for money..I finally had enough..My question is why a notary would have $ 5,000 worth of unpaid invoices with any company and keep working for them..crazy! Kiss that money goodbye
| Reply by Marian_in_CA on 7/22/13 9:40pm Msg #477709
Re: R&R Group
I know, right, Claudine? There's definitely one for over $5,000 (she's in Ohio) ... and at least two for about 1,800.
Most seem to range from $50 to $200, some a little more. But I cannot understand why any of them let it get to $500 or more.
| Reply by Marian_in_CA on 7/22/13 9:33pm Msg #477707
Re: R&R Group
If you aren't owed any money... you may wish to write the attorney or the court and tell them that.
You are definitely listed in there, though... the date of "service" is listed as 1/4/2010 for $100.
| Reply by GOLDGIRL/CA on 7/22/13 10:50pm Msg #477712
Re: R&R Group
It's quite possible to get in debt $K or more, depending on one's relationship with R&R. Perhaps this notary and R&R go way back together, R&R had always paid sooner or later, and the notary had no reason to think anything would be different. Many businesses are owed waaaay more than $5,000 but will get paid because that's just the nature of things. Or in the case of Detroit, which owes billions, maybe not. It's difficult for us to imagine getting in $5K deep because we work so piecemeal....
Also, R&R has been the scum of the earth for years with a notorious record of nonpayment, so this comes as no surprise. They could also be inflating their debts as compared to their assets to get out of any payment. That would fit with their character.
| Reply by Marian_in_CA on 7/22/13 11:43pm Msg #477715
Re: R&R Group
"They could also be inflating their debts as compared to their assets to get out of any payment. "
That's actually an interesting thought... because I believe that one of the rules for Chapter 7 is that over half of your debt must be business income in order to be exempt from the means test. In order to qualify for a chapter 7 (as opposed to chapter 13) you have to pass a means test, so if you inflate your business debt load in order to make yourself exempt from the means test, that could be trouble.
I'm not saying that's what's happening here, but it is in interesting idea. If enough of those people who are listed as being owed money contact the court to say, "Uhm, no... they do not actually owe me anything," it reduces their business debt load.
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