FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
December 6, 1999
CONTINENTAL INVESTMENT CORPORATION
(Exact name of registrant as specified in its charter)
Georgia 0-3743 58-0705228
(State or other (Commission (IRS Employer)
jurisdiction of File No.) Identification No.)
incorporation)
10254 MILLER ROAD, DALLAS, TEXAS 75238
(Address of principal executive offices) (Zip Code)
(214) 691-1100
(Registrant's telephone number, including area code)
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ITEM 3 BANKRUPTCY OR RECEIVERSHIP
As evidenced by the accompanying press release, on December 6, 1999
Continental Investment Corporation consented to relief pursuant to Chapter 11 of
the Bankruptcy Code in the United States Bankruptcy court for the Northern
District of Texas-Dallas Division.
Electronically Filed: December 9, 1999
CONTINENTAL INVESTMENT CORPORATION
By: /S/ J. B. Morris
------------------
J. B. Morris, President
Continental Investment Corporation
10254 Miller Road Dallas, Texas 75238
NEWS RELEASE
For Immediate Release
Contact: Investor Relations
(214)691-1100
CONTINENTAL INVESTMENT CORPORATION
CONSENTS TO RELIEF UNDER BANKRUPTCY
DALLAS, December 6, 1999........Continental Investment Corporaiton (CICGE/OTC
Pink Sheets) today consented to relief pursuant to chaper 11 of the Bankruptcy
Code in the United States Bankruptcy Court for the Northern District of
Texas-Dallas Division.
On January 13, 1999, a group of alleged creditors filed an involuntary
Chapter 11 bankruptcy petition against the Company in the United States
Bankruptcy Court for the Northern District of Georgia-Atlanta Division. On March
19, 1999 an Order was entered to transfer the case from the United States
Bankruptcy Court for the Northern Districk of Texas-Dallas Division.
In the Order for Relief, the Company disputed that the petitioning
creditors of the Company and/or have valid claims in this case, and that the
Company had reserved all rights to dispute their claims as part of the
proceedings.
