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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
July 21, 2000
Date of Report
(Date of Earliest Event Reported)
CAPITOL COMMUNITIES CORPORATION
(Exact Name of Registrant as Specified in its Charter)
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Nevada 0-23450 88-0361144
(State of Incorporation) (Commission File No.) (I.R.S. Employer Identification No.)
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25550 Hawthorne Boulevard, Suite 207, Torrance, CA 90505
(Address of Principal Executive Offices)
Registrant's Telephone Number: 310-375-2266
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ITEM 3. BANKRUPTCY OR RECEIVERSHIP
(a) On July 21, 2000, Capitol Development of Arkansas, Inc. (the
"Operating Subsidiary"), a wholly-owned subsidiary of Capitol Communities
Corporation (the "Company"), filed for Chapter 11 with the United States
Bankruptcy Court, Eastern District of Arkansas, case number 0043142M.
The Operating Subsidiary remains debtor in possession of its assets and
business operations, with Michael G. Todd, president and sole director of the
Operating Subsidiary, named as the authorized agent to represent it.
(b) The Company will file an amended Report, on Form 8-K, when a plan
of reorganization is entered by the court.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS.
(a) (b) None
(c) EXHIBIT
The following Exhibit is filed as part of this Report.
10.41. Voluntary Petition for Chapter 11 filed with the United States
Bankruptcy Court, Eastern District of Arkansas, dated July 21,
2000.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of
1934, as amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
Dated: July 27, 2000 CAPITOL COMMUNITIES CORPORATION
BY: /s/ Michael G. Todd
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Michael G. Todd
President and Chairman of
the Board
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