POWER TEAM INC. Bankruptcy Filing
Basic Information on POWER TEAM INC. Bankruptcy
POWER TEAM INC. filed a 11 chapter bankruptcy in the Northern District of Illinois bankruptcy court on April 16, 2024. This is a voluntary filing; it was assigned the bankruptcy case number #24-05517.
The bankruptcy petition for POWER TEAM INC. showed assets in the range of $100,001-$1,000,000 with liabilities in the range of $100,001-$1,000,000. POWER TEAM INC. reports that the number of creditors is in the range of 1-49.
The debtor indicated their nature of business as 'None of the Above'. The options for nature of business in bankruptcies are rather limited and archaic. They include 'Health Care Business', 'Single Asset Real Estate', 'Railroad', 'Stockbroker', 'Commodity Broker', 'Clearing Bank', or 'None of the Above'.
Unsecured Creditor Treatment in POWER TEAM INC. Bankruptcy:
POWER TEAM 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.
POWER TEAM INC. Bankruptcy Docket Header
Subchapter_V, SmBus, PlnDue |
Northern District of Illinois (Eastern Division)
Bankruptcy Petition #: 24-05517
Assigned to: Chapter 11 Voluntary Asset |
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Debtor 1 POWER TEAM INC. 2532 W. Warren 2nd Floor Chicago, IL 60612 COOK-IL Tax ID / EIN: 36-4652099 |
rep. by |
William E. Jamison, Jr.
Law Office William E. Jamison & Assocciates 53 W Jackson Blvd Ste 801 Chicago, IL 60604 312-226-8500 Fax : 312-641-1901 Email: wjami39246 @ aol.com |
U.S. Trustee Patrick S Layng Office of the U.S. Trustee, Region 11 219 S Dearborn St Room 873 Chicago, IL 60604 312-886-5785 |