Capitol First Corp – ‘8-K’ for 7/21/00

On:  Friday, 7/28/00, at 3:05pm ET   ·   For:  7/21/00   ·   Accession #:  944209-0-1189   ·   File #:  0-23450

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         2      9K 
 2: EX-10.41    Voluntary Petition for Chapter 11 Filed 7/21/00        6     37K 

8-K   —   Current Report
Document Table of Contents

8-K
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SECURITIES AND EXCHANGE COMMISSION  

WASHINGTON, D.C. 20549  

_________ 

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)  

                                                        [Enlarge/Download Table]
                                                                                     
         Nevada                  0-23450                       88-0361144            
(State of Incorporation)  (Commission File No.)  (I.R.S. Employer Identification No.)

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
                                        ----------------------
                                 Michael G. Todd
                                           President and Chairman of
                           the Board

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Dates Referenced Herein

				Referenced-On Page
This ‘8-K’ Filing		Date		First		Last			Other Filings
Filed on:		7/28/00							None on these Dates
		7/27/00		2
For Period End:		7/21/00		1		2
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