EXHIBIT 10.41
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United States Bankruptcy Court VOLUNTARY PETITION (part 1)
Eastern District of Arkansas
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Name of Debtor (if Individual, enter Last, First, Middle) NAME OF JOINT DEBTOR (Spouse) (Last, First, Middle)
Capitol Development of Arkansas, Inc.
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ALL OTHER NAMES used by the debtor in the last 6 years ALL OTHER NAMES used by the joint debtor in the last 6 years
(including married, maiden and trade names) (include married, maiden and trade names)
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SOC. SEC./TAX I.D. NO. (if more than one, state all) SOC. SEC./TAX I.D. NO. (if more than one, state all)
#75-2528276
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STREET ADDRESS OF DEBTOR (No. and street, city, state, zip) STREET ADDRESS OF JOINT DEBTOR ((No. and street, city, state, zip)
10605 C Maumelle Boulevard
Maumelle, AR 72113 ----------------------------------- -----------------------------------
COUNTY OF RESIDENCE OR COUNTY OF RESIDENCE OR
PRINCIPAL PLACE OF BUSINESS PRINCIPAL PLACE OF BUSINESS
Pulaski
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MAILING ADDRESS OF DEBTOR (if different from street address) MAILING ADDRESS OF JOINT DEBTOR (if different from street address)
P. O. Box 13246
Maumelle, AR 72113
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LOCATION OF PRINCIPAL ASSETS OF BUSINESS DEBTOR NAME OF ATTORNEY Geoffrey B. Treece
(if different from addresses listed above)
ADDRESS 410 W. Third Street, Suite D
Little Rock, AR 72201
N/A PHONE (501) 370-9406
BAR NO. 84-146
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Information Regarding the Debtor (Check the Applicable Boxes)
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VENUE (Check any applicable boxes)
[X] Debtor has been domiciled or has had a residence, principal place of business, or principal assets in this District for 180
days immediately preceding the date of this petition or for a longer part of such 180 days than in any other District.
[_] There is a bankruptcy case concerning debtor's affiliate, general partner, or partnership pending in this District.
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Type of Debtor (Check all boxes that apply) Chapter or Section of Bankruptcy Code Under Which
the Petition is Filed (Check one box)
[_] Individual(s) [_] Railroad
[_] Chapter 7 [X] Chapter 11 [_] Chapter 13
[X] Corporation [_] Stockbroker
[_] Chapter 9 [_] Chapter 12
[_] Partnership [_] Commodity Broker
[_] Sec. 304 - Case ancillary to foreign proceeding
[_] Other _____________________________
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Nature of Debts (Check one box) Filing Fee (Check one box)
[_] Consumer/Non-Business [X] Business [X] Full Filing Fee attached
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Chapter 11 Small Business (Check all boxes that apply) [_] Filing Fee to be paid in installments (Applicable to
[_] Debtor is a small business as defined in 11 U.S.C. (S) 101 individuals only)
[_] Debtor is and elects to be considered a small business Must attach signed application for court's consideration
under 11 U.S.C. (S) 1121(e) (Optional) certifying that the debtor is unable to pay fee except in
installments. Rule 1006(b). See Official Form No. 3.
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Statistical/Administrative Information (Estimates only) THIS SPACE IS FOR
COURT USE ONLY
[_] Debtor estimates that funds will be available for distribution
to unsecured creditors.
[_] Debtor estimates that, after any exempt property is excluded and [Stamp]
administrative expenses paid, there will be no funds available
for distribution to unsecured creditors.
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Estimated Number of Creditors 1-15 16-49 50-99 100-199 200-999 1000-over
[_] [_] [_] [_] [_] [_]
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Estimated Assets
$0 $50,001 $100,001 $500,001 $1,000,001 $10,000,001 $50,000,001 More
to to to to to to to than
$50,000 $100,000 $500,000 $1 million $10 million $50 million $100 million $100 million
[_] [_] [_] [_] [_] [_] [_] [_]
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Estimated Debts
$0 $50,001 $100,001 $500,001 $1,000,001 $10,000,001 $50,000,001 More
to to to to to to to than
$50,000 $100,000 $500,000 $1 million $10 million $50 million $100 million $100 million
[_] [_] [_] [_] [_] [_] [_] [_]
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VOLUNTARY PETITION (part 2) Name of Debtor(s)
(This page must be completed in every case) Capitol Development of Arkansas, Inc.
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Prior Bankruptcy Case Filed Within Last 6 Years (if more than one, attach additional sheet)
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Location: Case Number: Date Filed:
Date Filed:
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Pending Bankruptcy Case filed by any Spouse, Partner or Affiliate of this Debtor (if more than one, attach additional sheet)
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Name of Debtor: Case Number: Date Filed:
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District: Relationship: Judge:
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Signatures
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Signature(s) of Debtor(s) (individual/Joint) Signature(s) of Debtor (Corporation/Partnership)
I declare under penalty of perjury that the information provided I declare under penalty of perjury that the information
in this petition is true and correct. provided in this petition is true and correct, and that I have
(If petitioner is an individual whose debts are primarily consumer been authorized to file this petition on behalf of the debtor.
debts and has chosen to file under chapter 7) I am aware that I may
proceed under chapter 7, 11, 12 or 13 of title 11, United States The debtor requests relief in accordance with the chapter of
Code, understand the relief available under each such chapter, and title 11, United States Code, specified in this petition.
choose to proceed under chapter 7.
I request relief in accordance with the chapter of title 11,
United States Code, specified in this petition. /s/ Michael G. Todd
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Signature of Authorized Individual
X _________________________________________________________
Signature of Debtor Michael G. Todd
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Printed Name of Authorized Individual
X _________________________________________________________
Signature of Joint Debtor President
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Title of Authorized Individual
_________________________________________________________
Telephone Number (if not represented by attorney)
July 21, 2000
_________________________________________________________ -------------------------------------------------------
Date Date
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Signature of Attorney Signature of Non-Attorney Petition Preparer
/s/ Geoffrey B. Treece I certify that I am a bankruptcy petition preparer as defined
--------------------------------------------------------- in 11 U.S.C. (S) 110. that I prepared this document for
Signature of Attorney for Debtor(s) compensation, and that I have provided the debtor with a
copy of this document.
Geoffrey B. Treece
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Printed Name of Attorney for Debtor(s)
_______________________________________________________
Treece Phillips LLP Printed Name of Bankruptcy Petition Preparer
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Firm Name
_______________________________________________________
410 W. Third St., Suite D Social Security Number
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Address
Little Rock, AR 72201
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Address
(501) 370-9406
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Telephone Number
_______________________________________________________
Names and Social Security numbers of all other
July 21, 2000 individuals who prepared or assessed in preparing this
--------------------------------------------------------- document.
Date
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Exhibit A
(To be completed if debtor is required to file periodic
reports (e.g., forms 10K and 10Q) with the Securities and
Exchange Commission pursuant to Section 13 or
15(d) of the Securities Exchange Act of 1934 and is If more than one person prepared this document, attach
requesting relief under chapter 11) additional sheets conforming to the appropriate official
form for each person.
[_] Exhibit A is attached and made a part of this petition.
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Exhibit B
(To be completed if debtor is an individual _______________________________________________________
whose debts are primarily consumer debts) Signature of Bankruptcy Petition Preparer
I, the attorney for the petitioner named in the foregoing petition,
declare that I have informed the petitioner that (he or she) may
proceed under chapter 7, 11, 12 or 13 of title 11, United States _______________________________________________________
Code, and have explained the relief available under each such Date
chapter.
A bankruptcy petition preparer's failure to comply with the
X _______________________________________________________ provisions of title 11 and the Federal Rules of Bankruptcy
Signature of Attorney for Debtor(s) Date Procedures may result in fines or imprisonment or both, 11
U.S.C. (S)110, 16 U.S.G. (S) 156.
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IN THE UNITED STATES BANKRUPTCY COURT
EASTERN DISTRICT OF ARKANSAS
LITTLE ROCK DIVISION
IN RE: CAPITOL DEVELOPMENT OF ARKANSAS, CASE NO.________________
INC. (CHAPTER 11)
DEBTOR-IN-POSSESSION
SCHEDULE OF CLAIMS
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Debtor. Capitol Development of Arkansas, Inc., hereby files a list of
creditors and their addresses, pursuant to Rule 1007, Rules of Bankruptcy
Procedure.
Bank of Little Rock
Pete Maris, President
200 N. State Street
Little Rock, AR 72201
Capitol Communities Corporation
25550 Hawthorne Boulevard, Suite 207
Torrance, CA 90505
Davister Corporation
Attn.: F. Terry Shumate
10670 N. Central Expressway, Suite 640
Dallas, TX 75231
First Arkansas Valley Bank
Roy Reaves, President
5101 North Arkansas
Russellville, AR 72$(11
Hardin & Grace, P.A.
410 W. Third Street, Suite 200
Little Rock, AR 72201
Ron A. Hope
211 S. Spring Street
Little Rock, AR 72201-2479
Maumelle Enterprises
P. 0. Box 13256
MaumelIe, AR 72113
Pulasld County Treasurer
Administration Building
242 S. Broadway, suite 150
Little Rock, AR 72201
Resure, Inc.
C/o Special Deputy Receiver
222 Merchandise Mart Plaza
Suite 1450
Chicago, IL 60654
Debtor reserves all objections and defenses to the claims set forth in this
Schedule, including all objections to liability for and amount of claims..
CAPITOL DEVELOPMENT OF
ARKANSAS, INC.
By: /s/ Michael G. Todd
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Michael G. Todd, President
Date: 7/21/00
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IN THE UNITED STATES BANKRUPTCY COURT
EASTERN DISTRICT OF ARKANSAS
LITTLE ROCK DIVISION
IN RE: CAPITOL DEVELOPMENT OF ARKANSAS, CASE NO.________________
INC. (CHAPTER 11)
DEBTOR-IN-POSSESSION
LIST OF TWENTY LARGEST UNSECURED CREDITORS
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Come now the Debtor, Capitol Development of Arkansas, Inc., Debtor-in
Possession, by and through their attorneys, Treece Phillips LLP, and for their
List of Twenty Largest Unsecured Creditors pursuant to Rule 1107(d) of the
Bankruptcy Rules of Procedure, list the following creditors, addresses and
claims:
(a) Davister Corporation
Attn: F. Terry Shumate
10670 N. Central Expressway, Suite 640
Dallas, TX 75231
(b) $ 200,000.00 plus interest
(a) Hardin & Grace, P.A.
410 W. Third Street, Suite 200
Little Rock, AR 72201
(b) Undetermined
(a) MaumeIie Enterprises
P. 0. Box 13256
Maumelle, AR 72113
(b) $60,703.06
Debtor reserves all objections and defenses to the claims set forth in this
Schedule, including all objections to liability for and amount of claims.
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CAPITOL DEVELOPMENT OF ARKANSAS,
INC.
By: /s/ Michael G. Todd
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Michael G. Todd, President
Date: 7/21/00
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Respectfully submitted,
TREECE PHILLIPS LLP
By: /s/ Geoffrey B. Treece
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Geoffrey B. Treece
Arkansas Bar No. 84-146
410 W. Third Street, Suite D
Little Rock, AR 72201
Telephone (501) 370-9406
Facsimile (501) 376-6337
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