UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: December 12, 2002
ENVIRONMENTAL OIL PROCESSING AND TECHNOLOGY CORP.
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(Exact name of registrant as specified in its charter)
UTAH 000-30738 82-0520055
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(State or other (Commission File No.) (IRS Employer
jurisdiction Identification No.)
of incorporation)
2801 Brandt Avenue, Nampa, Idaho 83687
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(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code: (208) 463-0063
Item 3. Bankruptcy or Receivership
On December 6, 2002, Environmental Oil Processing Technology
Corporation filed a voluntary petition for relief under Chapter 11 of
the U.S. Bankruptcy Code in the United States Bankruptcy Court,
District of Idaho (Case No. 02-04054). On December 9, 2002, the
corporation filed similarly on behalf of its wholly owned operating
subsidiary, Environmental Oil Processing Technology, Inc. In the
petition the corporation listed its address as 2801 Brandt Avenue,
Nampa, ID 83687 and named William Lyman Belnap, of the firm of Belnap &
Curtis, PLLC, 1401 Shoreline Drive, Suite 2, P.O. Box 7685, Boise, ID
83707 (phone 208-345-3333; fax 208-345-4461) as its attorney in the
proceeding.
The petition indicated total assets of $12,266,286 and total
indebtedness of $13,822,120 and listed the following business entities
as subsidiaries or DBAs used within the last six years: TMI Holding
Corporation; Environmental Oil Services, Inc.; Environmental Oil
Processing Technology, Inc; EOPT Refining of Nevada, Inc.; EOPT Power
Group of Nevada, Inc.; EOPT Oil Recovery, Inc.; and EOPT ProTech, Inc.
EVOP, which had 73,220,116 shares of common stock outstanding at the
time of the filing, intends to file a Plan or Reorganization with the
Court as soon as practicable.
A copy of a news release dated December 12, 2002, pertaining
to the foregoing is attached as Exhibit 99.
Item 7. Financial Statements and Exhibits
Exhibit No. Exhibit Incorporated by Reference/
Filed Herewith
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99 News release dated December 12, 2002 Filed herewith.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this Current Report on Form 8-K to be signed on
its behalf by the undersigned thereunto duly authorized.
Environmental Oil Processing Technology Corporation
December 13, 2002 By: /s/ N. Tod Tripple
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Date N. Tod Tripple, President
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