Bel Air payroll company AccuPay files for bankruptcy protection

A Bel Air payroll company under investigation for allegedly not forwarding clients' tax payments to tax collectors has filed for bankruptcy. AccuPay Inc. filed a petition for a Chapter 7 bankruptcy Tuesday in U.S. Bankruptcy Court in Baltimore, listing 95 creditors and debts of between $100,001 and $500,000. Chapter 7 allows for an orderly liquidation of a company's assets to pay off creditors. A bankruptcy attorney for the company's owners said Wednesday that his clients believe they will have funds available to pay creditors. In the bankruptcy filing, the company lists estimated assets of between $100,001 and $500,000. "The principals believe that there is sufficient money to pay the claims," said James A. Vidmar, the attorney for AccuPay's owner, Beverly Carden. "That's what they think, and that's subject to bankruptcy court procedures." Carden could not be reached Wednesday for comment. The East Churchville Road firm, which has an estimated 500 to 600 clients, shut down at the end of February after a Bel Air veterinary hospital, Animal Emergency Hospital, accused it in a lawsuit of "repeatedly and regularly" failing to pay or making only partial payments of federal and state withholding and unemployment taxes over the past five years. DuClaw Brewing Co. had filed a complaint last summer. Read more at http://articles.baltimoresun.com/2013-03-14/business/bs-bz-accupay-bankruptcy-20130313_1_accupay-files-for-bankruptcy-protection-bankruptcy-court-procedures