Artful
12-13-2015, 02:09 AM
If you have a pending order you may want to contact your CC company.
http://www.bizjournals.com/southflorida/news/2015/12/09/miami-arms-dealer-files-chapter-7-liquidation.html
Miami arms dealer files Chapter 7 liquidation[COLOR=#777777]Dec 9, 2015, 4:40pm EST
[COLOR=#222222][FONT=Acta]Samco Global Arms, which has a warehouse full of firearms and ammunition in Miami, filed Chapter 7 liquidation.
The company, which is led by President Guhlam Jilani Dossul (http://www.bizjournals.com/southflorida/search/results?q=Guhlam%20Jilani%20Dossul), entered Bankruptcy Court on Dec. 7. It listed assets in the range of $1 million to $10 million, and liabilities in the same range. It leases the 72,948-square-foot warehouse at 4225 N.W. 72nd Ave., where it houses its merchandise.
According to its website, Samco Global Arms has supplied firearms, ammunition and accessories since 1981. Its bankruptcy attorney, Allison R. Day (http://www.bizjournals.com/southflorida/search/results?q=Allison%20R.%20Day) in Miami, couldn’t immediately be reached for comment.
Typically in a Chapter 7, the assets of the debtor are sold off.
In July, Ronald Joseph Martin (http://www.bizjournals.com/southflorida/search/results?q=Ronald%20Joseph%20Martin) filed a lawsuit in Miami-Dade County Circuit Court against Dossul and Samco Global Arms claiming that he should be awarded 70 percent ownership in the business, which he’s been involved with since 1985.
According to the complaint, one of the company’s largest customers in the 1980s was Longlac Enterprises, which had a firearms warehouse in Honduras. After a 1994 political regime change in Honduras, Longlac was denied access to its firearms warehouse and couldn’t sell the inventory for Samco, says the complaint. Martin claims that he funded the legal action that allowed for the lien on those firearms to be released in 2003 so they could be sold.
Martin’s lawsuit claims that Dossul mismanaged Samco’s business and used it to fund unauthorized personal expenses, such as tuition, debt repayment, leisure travel and personal meals for his family members. He claims that Dossul has refused to recognize him as the majority owner.
Dossul signed the Chapter 7 petition. Martin did not.
Marko Cerenko (http://www.bizjournals.com/southflorida/search/results?q=Marko%20Cerenko), who represents Martin in the lawsuit, couldn’t immediately be reached for comment.
http://www.bizjournals.com/southflorida/news/2015/12/09/miami-arms-dealer-files-chapter-7-liquidation.html
Miami arms dealer files Chapter 7 liquidation[COLOR=#777777]Dec 9, 2015, 4:40pm EST
[COLOR=#222222][FONT=Acta]Samco Global Arms, which has a warehouse full of firearms and ammunition in Miami, filed Chapter 7 liquidation.
The company, which is led by President Guhlam Jilani Dossul (http://www.bizjournals.com/southflorida/search/results?q=Guhlam%20Jilani%20Dossul), entered Bankruptcy Court on Dec. 7. It listed assets in the range of $1 million to $10 million, and liabilities in the same range. It leases the 72,948-square-foot warehouse at 4225 N.W. 72nd Ave., where it houses its merchandise.
According to its website, Samco Global Arms has supplied firearms, ammunition and accessories since 1981. Its bankruptcy attorney, Allison R. Day (http://www.bizjournals.com/southflorida/search/results?q=Allison%20R.%20Day) in Miami, couldn’t immediately be reached for comment.
Typically in a Chapter 7, the assets of the debtor are sold off.
In July, Ronald Joseph Martin (http://www.bizjournals.com/southflorida/search/results?q=Ronald%20Joseph%20Martin) filed a lawsuit in Miami-Dade County Circuit Court against Dossul and Samco Global Arms claiming that he should be awarded 70 percent ownership in the business, which he’s been involved with since 1985.
According to the complaint, one of the company’s largest customers in the 1980s was Longlac Enterprises, which had a firearms warehouse in Honduras. After a 1994 political regime change in Honduras, Longlac was denied access to its firearms warehouse and couldn’t sell the inventory for Samco, says the complaint. Martin claims that he funded the legal action that allowed for the lien on those firearms to be released in 2003 so they could be sold.
Martin’s lawsuit claims that Dossul mismanaged Samco’s business and used it to fund unauthorized personal expenses, such as tuition, debt repayment, leisure travel and personal meals for his family members. He claims that Dossul has refused to recognize him as the majority owner.
Dossul signed the Chapter 7 petition. Martin did not.
Marko Cerenko (http://www.bizjournals.com/southflorida/search/results?q=Marko%20Cerenko), who represents Martin in the lawsuit, couldn’t immediately be reached for comment.