Official Form 207

Statement of Financial Affairs for Non-Individuals Filing for Bankruptcy 04/19 

Fill in this information to identify the case:

Debtor name

United States Bankruptcy Court for the:

Case number

(if known)

Ramjay, Inc.

EASTERN DISTRICT OF VIRGINIA

1. Gross revenue from business

 None

 Check if this is an

amended filing

Part 1: Income

The debtor must answer every question. If more space is needed, attach a separate sheet to this form. On the top of any 

additional pages, write the debtor's name and case number (if known).





Operating a business

For prior year: 



Operating a business





Operating a business For the year before that:

Sources of revenue

Check all that apply.

Gross revenue

(before deductions

and exclusions

From to

From to

From to

Filing date Other

Other

Other

01/01/2021

01/01/2020 12/31/2020

01/01/2019 12/31/2019

$920,000.00 

$1,575,000.00 

$2,314,562.00 

MM / DD / YYYY

MM / DD / YYYY

MM / DD / YYYY

MM / DD / YYYY

MM / DD / YYYY

From the beginning of the 

fiscal year to filing date:

Identify the beginning and ending dates of the debtor's fiscal year, 

which may be a calendar year

2. Non-business revenue

 None

Include revenue regardless of whether that revenue is taxable. Non-business income may include interest, dividends, money collected from

lawsuits, and royalties. List each source and the gross revenue for each separately. Do not include revenue listed in line 1.

3. Certain payments or transfers to creditors within 90 days before filing this case

Part 2: List Certain Transfers Made Before Filing for Bankruptcy

 None

List payments or transfers--including expense reimbursements--to any creditor, other than regular employee compensation, within 90 days 

before filing this case unless the aggregate value of all property transferred to that creditor is less than $6,825. (This amount may be 

adjusted on 4/01/22 and every 3 years after that with respect to cases filed on or after the date of adjustment.)

 Secured debt

Unsecured loan repayments

Suppliers or vendors

 Services

 Other

Creditor's name

Street

City State ZIP Code

Creditor's name and address Dates Total amount or value Reasons for payment or transfer

Check all that apply

Shasthra USA, Inc.

85 S. Bragg St.

Suite 502

Alexandria VA 22312

3.1. 04/12/21 $132,500.00

03/11/21

03/01/21

Official Form 207 Statement of Financial Affairs for Non-Individuals Filing for Bankruptcy page 1 

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Document Page 1 of 8
Debtor

Name

Ramjay, Inc. Case number (if known)

 Secured debt

Unsecured loan repayments

Suppliers or vendors

Services

 Other

Creditor's name

Street

City State ZIP Code

Creditor's name and address Dates Total amount or value Reasons for payment or transfer

Check all that apply

Philadelphia Insurance

1966 Greenspring Dr.

Lutherville MD 21093

$59,993.00

Insurance Premium

3.2. 04/15/21

03/16/21

03/08/21

 Secured debt

 Unsecured loan repayments

 Suppliers or vendors

Services

Other

Creditor's name

Street

City State ZIP Code

Creditor's name and address Dates Total amount or value Reasons for payment or transfer

Check all that apply

3.3. Livonia Properties $30,000.00 03/02/21

4. Payments or other transfers of property made within 1 year before filing this case that benefited any insider

 None

List payments or transfers, including expense reimbursements, made within 1 year before filing this case on debts owed to an insider or 

guaranteed or co-signed by an insider unless the aggregate value of all property transferred to or for the benefit of the insider is less than 

$6,825. (This amount may be adjusted on 4/01/22 and every 3 years after that with respect to cases filed on or after the date of 

adjustment.) Do not include any payments listed in line 3. Insiders include officers, directors, and anyone in control of a corporate debtor 

and their relatives; general partners of a partnership debtor and their relatives; affiliates of the debtor and insiders of such affiliates; and 

any managing agent of the debtor. 11 U.S.C. § 101(31).

Insider's name

Street

City State ZIP Code

Insider's name and address Dates Total amount or value Reasons for payment or transfer

Relationship to debtor

Jayasekar Jayaraman

1104 Archer Ct.

Alexandria VA 22134

$34,656.24

Shareholder/Officer/Director

4.1. Motor Vehilce Lease [three 

vehicles]

05/10/20

06/10/20

07/20/20

08/10/20

09/10/20

10/10/20

11/10/20

12/10/20

01/10/21

02/20/21

03/20/21

04/10/21

Insider's name

Street

City State ZIP Code

Insider's name and address Dates Total amount or value Reasons for payment or transfer

Relationship to debtor

Jayasekar Jayaraman

1104 Archer Ct.

Alexandria VA 22312

$18,470.00

Shareholder/Officer/Director

4.2. 02/12/21 Salary/Management Fees

02/05/21

01/22/21

01/08/21

10/16/20

10/16/20

08/11/20

07/24/20

05/29/20

05/18/20

05/05/20

05/04/20

Official Form 207 Statement of Financial Affairs for Non-Individuals Filing for Bankruptcy page 2 

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Debtor

Name

Ramjay, Inc. Case number (if known)

5. Repossessions, foreclosures, and returns

 None

List all property of the debtor that was obtained by a creditor within 1 year before filing this case, including property repossessed by a 

creditor, sold at a foreclosure sale, transferred by a deed in lieu of foreclosure, or returned to the seller. Do not include property listed in 

line 6.

6. Setoffs

 None

List any creditor, including a bank or financial institution, that within 90 days before filing this case set off or otherwise took anything from 

an account of the debtor without permission or refused to make a payment at the debtor's direction from an account of the debtor because 

the debtor owed a debt.

7. Legal actions, administrative proceedings, court actions, executions, attachments, or governmental audits

Part 3: Legal Actions or Assignments

 None

List the legal actions, proceedings, investigations, arbitrations, mediations, and audits by federal or state agencies in which the debtor 

was involved in any capacity--within 1 year before filing this case.

Case title

 Pending

 On appeal

 Concluded

Case number

Name

Street

City State ZIP Code

Nature of case Court or agency's name and address Status of case

CL 19-3147

Circuit Court for the City of Alexandria

520 King St.

Alexandria VA 22314

7.1. Newtek Small Business 

Finance LLC v. Ramjay, Inc., 

et als

Civil Action

Case title

 Pending

 On appeal

 Concluded

Case number

Name

Street

City State ZIP Code

Nature of case Court or agency's name and address Status of case

CL 19-3146

Circuit Court for the City of Alexandria

520 King St.

Alexandria VA 22314

7.2. Newtek Small Business 

Finance LLC v. Ramjay, Inc., 

et al.

Civil Action

Case title

 Pending

 On appeal

 Concluded

Case number

Name

Street

City State ZIP Code

Nature of case Court or agency's name and address Status of case

GV21000772-00

Fairfax County General District Court

4110 Chain Bridge Rd.

Second Floor

Fairfax VA 22030

7.3. Sakthivel v. Ramjay, Inc., et 

al.

Warrant in Debt

Official Form 207 Statement of Financial Affairs for Non-Individuals Filing for Bankruptcy page 3 

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Document Page 3 of 8
Debtor

Name

Ramjay, Inc. Case number (if known)

8. Assignments and receivership

 None

List any property in the hands of an assignee for the benefit of creditors during the 120 days before filing this case and any property in the 

hands of a receiver, custodian, or other court-appointed officer within 1 year before filing this case.

9.

Part 4: Certain Gifts and Charitable Contributions

 None

List all gifts or charitable contributions the debtor gave to a recipient within 2 years before filing this case unless the 

aggregate value of the gifts to that recipient is less than $1,000

10.

Part 5: Certain Losses

 None

All losses from fire, theft, or other casualty within 1 year before filing this case.

11. Payments related to bankruptcy

Part 6: Certain Payments or Transfers

 None

List any payments of money or other transfers of property made by the debtor or person acting on behalf of the debtor within 1 year 

before the filing of this case to another person or entity, including attorneys, that the debtor consulted about debt consolidation or 

restructuring, seeking bankruptcy relief, or filing a bankruptcy case.

12. Self-settled trusts of which the debtor is a beneficiary

 None

List any payments or transfers of property made by the debtor or a person acting on behalf of the debtor within 10 years before the filing 

of this case to a self-settled trust or similar device.

Do not include transfers already listed on this statement.

13. Transfers not already listed on this statement

 None

List any transfers of money or other property--by sale, trade, or any other means--made by the debtor or a person acting on behalf of the 

debtor within 2 years before the filing of this case to another person, other than property transferred in the ordinary course of business or 

financial affairs. Include both outright transfers and transfers made as security. Do not include gifts or transfers previously listed on this 

statement.

14. Previous addresses

Part 7: Previous Locations

 Does not apply

List all previous addresses used by the debtor within 3 years before filing this case and the dates the addresses were used.

Address Dates of occupancy

Street

City State ZIP Code

14.1. 85 S. Bragg St. From To

Suite 520

Alexandria VA 22312

04/01/18 04/30/21

Official Form 207 Statement of Financial Affairs for Non-Individuals Filing for Bankruptcy page 4 

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Document Page 4 of 8
Debtor

Name

Ramjay, Inc. Case number (if known)





Is the debtor primarily engaged in offering services and facilities for:

diagnosing or treating injury, deformity, or disease, or

providing any surgical, psychiatric, drug treatment, or obstetric care?

15.

Part 8: Health Care Bankruptcies

Health Care bankruptcies





No. Go to Part 9.

Yes. Fill in the information below.

16.

Part 9: Personally Identifiable Information

Does the debtor collect and retain personally identifiable information of customers?





No.

Yes. State the nature of the information collected and retained

Does the debtor have a privacy policy about that information?

 No.

Yes.

17.





No. Go to Part 10.

Yes. Does the debtor serve as plan administrator?

 No. Go to Part 10.

Yes. Fill in below:

Within 6 years before filing this case, have any employees of the debtor been participants in any ERISA, 401(k), 403(b) or 

other pension or profit-sharing plan made available by the debtor as an employee benefit?

18.

Part 10: Certain Financial Accounts, Safe Deposit Boxes, and Storage Units

Closed financial accounts

 None

Within 1 year before filing this case, were any financial accounts or instruments held in the debtor's name, or for the debtor's benefit, 

closed, sold, moved, or transferred?

Include checking, savings, money market, or other financial accounts, certificates of deposit, and shares in banks, credit unions, brokerage 

houses, cooperatives, associations, and other financial institutions.

19. Safe deposit boxes

 None

List any safe deposit box or other depository for securities, cash, or other valuables the debtor now has or did have within 1 year before 

filing this case.

20. Off-premises storage

 None

List any property kept in storage units or warehouses within 1 year before filing this case. Do not include facilities that are in a part of a 

building in which the debtor does business.

Official Form 207 Statement of Financial Affairs for Non-Individuals Filing for Bankruptcy page 5 

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Debtor

Name

Ramjay, Inc. Case number (if known)

21.

Part 11: Property the Debtor Holds or Controls That the Debtor Does Not Own

Property held for another

 None

List any property that the debtor holds or controls that another entity owns. Include any property borrowed from, being stored for, or held 

in trust. Do not list leased or rented property.

Part 12: Details About Environmental Information





For the purpose of Part 12, the following definitions apply:

means any statute or governmental regulation that concerns pollution, contamination, or hazardous material, regardless or

means any location, facility, or property, including disposal sites, that the debtor now owns, operates, or utilizes or that the debtor

 means anything that an environmental law defines as hazardous or toxic, or describes as a pollutant, contaminant, or a

Environmental law

Site

Hazardous material

the medium affected (air, land, water, or any other medium).

formerly owned, operated, or utilized.

similarly harmful substance.

Report all notices, releases, and proceedings known, regardless of when they occurred.

22.





No

Yes. Provide details below.

Has the debtor been a party in any judicial or administrative proceeding under any environmental law?

Include settlements and orders.

23.





No

Yes. Provide details below.

Has any governmental unit otherwise notified the debtor that the debtor may be liable or potentially liable under or in 

violation of an environmental law?

24.





No

Yes. Provide details below.

Has the debtor notified any govermental unit of any release of hazardous material?

25.

Part 13: Details About the Debtor's Business or Connections to Any Business

Other businesses in which the debtor has or has had an interest

 None

List any business for which the debtor was an owner, partner, member, or otherwise a person in control within 6 years before filing this 

case. Include this information even if already listed in the Schedules.

26. Books, records, and financial statements

26a. List all accountants and bookkeepers who maintained the debtor's books and records within 2 years before filing this case.

 None

Name

Street

City State ZIP Code

Name and address Dates of service

26a.1. Mira Rasamoelina From To

6030 California Cir.

Suite 412

Rockville MD 20852

2010 Present

Official Form 207 Statement of Financial Affairs for Non-Individuals Filing for Bankruptcy page 6 

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Debtor

Name

Ramjay, Inc. Case number (if known)

Name

Street

City State ZIP Code

Name and address Dates of service

26a.2. Deepthi Jayasekar From To

1104 Archer Ct.

Alexandria VA 22312

2003 Present

26b.

 None

List all firms or individuals who have audited, compiled, or reviewed debtor's books of account and records or prepared a financial 

statement within 2 years before filing this case.

26c.

 None

List all firms or individuals who were in possession of the debtor's books of account and records when this case is filed.

Name

Street

City State ZIP Code

Name and address If any books of account and records are

unavailable, explain why

26c.1. Mira Rasamoelina

6030 California Cir.

Suite 412

Rockville MD 20852

26d.

 None

List all financial institutions, creditors, and other parties, including mercantile and trade agencies, to whom the debtor issued a 

financial statement within 2 years before filing this case.

Name

Street

City State ZIP Code

Name and address

26d.1. Newtek Small Buisiness Finance

1981 Marcus Ave.

Suite 130

Lake Success NY 11042

27.





No.

Yes. Give the details about the two most recent inventories.

Inventories

Have any inventories of the debtor's property been taken within 2 years before filing this case?

28.

Name Address Position and nature of any interest % of interest, if any

List the debtor's officers, directors, managing members, general partners, members in control, controlling shareholders, 

or other people in control of the debtor at the time of the filing of this case.

Jayasekar Jayaraman 50% 1104 Archer Ct.

Alexandria, VA 22312

President/Director

Deepthi Jayasekar 50% 1104 Archer Ct.

Alexandria, VA 22314

Director

Official Form 207 Statement of Financial Affairs for Non-Individuals Filing for Bankruptcy page 7 

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Debtor

Name

Ramjay, Inc. Case number (if known)

29.

Name Address Position and nature of Period during which position

any interest or interest was held





No

Yes. Identify below.

Within 1 year before the filing of this case, did the debtor have officers, directors, managing members, general partners, 

members in control of the debtor, or shareholders in control of the debtor who no longer hold these positions?

30. Payments, distributions, or withdrawals credited or given to insiders





No

Yes. Identify below.

Within 1 year before filing this case, did the debtor provide an insider with value in any form, including salary, other compensation, draws, 

bonuses, loans, credits on loans, stock redemptions, and options exercised?

31. Within 6 years before filing this case, has the debtor been a member of any consolidated group for tax purposes?





No

Yes. Identify below.

32. Within 6 years before filing this case, has the debtor as an employer been responsible for contributing to a pension fund?





No

Yes. Identify below.

Part 14: Signature and Declaration

X /s/ Jayasekar Jayaraman

Signature of individual signing on behalf of the debtor

Executed on

MM / DD / YYYY

WARNING -- Bankruptcy fraud is a serious crime. Making a false statement, concealing property, or obtaining money or property by fraud in

connection with a bankruptcy case can result in fines up to $500,000 or imprisonment for up to 20 years, or both.

I have examined the information in this Statement of Financial Affairs and any attachments and have a reasonable belief that the information is

true and correct.

I declare under penalty of perjury that the foregoing is true and correct.

Printed name

Position or relationship to debtor

Are additional pages to Statement of Financial Affairs for Non-Individuals Filing for Bankruptcy (Official Form 207) attached?





No

Yes

05/06/2021

Jayasekar Jayaraman

President

18 U.S.C. §§ 152, 1341, 1519, and 3571.

Official Form 207 Statement of Financial Affairs for Non-Individuals Filing for Bankruptcy page 8 

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