BANKRUPTCIES. Crain's Detroit Business, December, 1998 by Millikan, Tom The following businesses filed for Chapter 11, 7 or 13 protection in U.S. Bankruptcy Court in Detroit during the week of Dec. 7-11. Under Chapter 11, a company files a reorganization plan that the court must approve. Chapter 7 involves total liquidation. Chapter 13 allows an individual to reorganize.
Bradley Hayosh, operating a restaurant business, 6307 Hellner Road, Ann Arbor, voluntary Chapter 7. Assets: $117,951, liabilities: $796,261. Lianne Mathie, operating a screen-printing business, 3713 Ellwood, Berkley, voluntary Chapter 7. Assets: $12,894, liabilities: $57,340. Howard Graham, operating a party store, 19420 Stout, Detroit, voluntary Chapter 13. Assets and liabilities not available. I.P. Enterprises Inc., 744 E. Savannah, Detroit, voluntary...