Two local businesses filed for bankruptcy Friday.
Ashland-based T.O.D.A.Y.S. Youth Services LLC filed for Chapter 11 bankruptcy protection, listing $1.4 million in debt.
Almost $1 million of those liabilities were owed to the IRS. It also owes $124,000 to the Virginia Department of Taxation. The company is disputing the federal and state tax liabilities, according to its bankruptcy filing.
T.O.D.A.Y.S., which is an acronym for Today’s Opportunities Directly Affect Youth Success, has offices in Richmond and Petersburg.
According to its website, the company offers short-term mental health and community services to at-risk youth and families to identify and reduce inappropriate actions, to maintain baseline behaviors and to improve their ability to interact with adults and peers.
It is licensed through the Virginia Department of Behavioral Health and Developmental Services.
The company is represented in its bankruptcy by the law office of Corine E.G. Bailey.
Meanwhile, in Mechanicsville, gasoline sales company ZotaPetroleums LLC filed Chapter 11.
Its bankruptcy filing did not include much detail.
It had fewer than 49 creditors, assets of less than $50,000 and liabilities of between $1 million and $10 million.
Shashikant Zota is listed as president of the business. It is being represented by local attorney Douglas A. Scott.
Two local businesses filed for bankruptcy Friday.
Ashland-based T.O.D.A.Y.S. Youth Services LLC filed for Chapter 11 bankruptcy protection, listing $1.4 million in debt.
Almost $1 million of those liabilities were owed to the IRS. It also owes $124,000 to the Virginia Department of Taxation. The company is disputing the federal and state tax liabilities, according to its bankruptcy filing.
T.O.D.A.Y.S., which is an acronym for Today’s Opportunities Directly Affect Youth Success, has offices in Richmond and Petersburg.
According to its website, the company offers short-term mental health and community services to at-risk youth and families to identify and reduce inappropriate actions, to maintain baseline behaviors and to improve their ability to interact with adults and peers.
It is licensed through the Virginia Department of Behavioral Health and Developmental Services.
The company is represented in its bankruptcy by the law office of Corine E.G. Bailey.
Meanwhile, in Mechanicsville, gasoline sales company ZotaPetroleums LLC filed Chapter 11.
Its bankruptcy filing did not include much detail.
It had fewer than 49 creditors, assets of less than $50,000 and liabilities of between $1 million and $10 million.
Shashikant Zota is listed as president of the business. It is being represented by local attorney Douglas A. Scott.