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Prospector
Profile
211-02
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| Champion Parts, Inc. |
NAICS |
336312 |
| 2005 West Avenue B
Hope, AR 71801 |
Description |
Fuel Systems Mfg. |
| (870) 777-8821 |
Employees |
291 |
| http://www.championparts.com/ |
Revenue |
(mil) |
18.0600 |
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Income |
(mil) |
0.0100 |
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Assets |
(mil) |
26.4000 |
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Liability |
(mil) |
25.2500 |
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(for the year ended 2006-12-31) |
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Category:
Bankruptcy
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Event:
Judge James G. Mixon of the U.S. Bankruptcy Court for the Western District of Texas converted Champion Parts, Inc.'s Chapter 11 bankruptcy case to a Chapter 7 liquidation proceeding on January 25, 2008. Documents submitted to the Court did not disclose any substantial reason for the conversion of the case.
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Intellectual Property:
On November 6, 2006, the Company acquired from TAP Holdings LLC, doing business as Tomco Auto Parts, the inventory and certain intellectual property rights utilized in Tomco’s business of remanufacturing, distributing and selling carburetors and throttle body injectors, as well as the customer lists and related records of the Tomco business. [SEC Filing 10-K 04-17-07]
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Description:
The Company remanufactures fuel system components, air conditioning compressors, front wheel drive assemblies, and other underhood electrical and mechanical products. Champion Parts filed for Chapter 11 protection with the Bankruptcy Court for the Western District of Arkansas, case number 07-73253, before Judge James Mixon.
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Officers:
Jerry A. Bragiel (Pres. & CEO); Kevin J. Cain (CFO & Sec.); John R. Gross (Dir.); Raymond F. Gross (Dir.); W. Jason Guzek (Dir.); Barry L. Katz (Dir.); Raymond G. Perelman (Dir.)
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Attorneys:
James F. Dowden, Esq.; Little Rock, AR; (501) 324-4700
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Securities:
Common Stock-Symbol CREBQ.OB; OTC BB;
3,655,266 common shares outstanding as of July 1, 2007.
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Notes:
When the Company filed for Chapter 11 protection, it listed total assets of $26,389,000 and total debts of $25,251,000.
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