Sequiam Corp. filed for Chapter 11 bankruptcy protection, almost one month after founder and chief executive Nick VandenBrekel retired. The company, which specializes in biological identification security systems, said in a statement issued Thursday that it intends to continue conducting business as usual while it resolves its operational and liquidity problems. Sequiam also said it intends to develop a reorganization plan. Sequiam listed having between $1 million to $10 million in assets and debts between $10 million to $50 million in its March 15 bankruptcy petition with the U.S. Bankruptcy Court in Orlando, Fla. (This article also appears in Daily Bankruptcy Review--Small-Cap, a publication from Dow Jones & Co.) Sequiam is an Orlando-based company with offices in the U.S., China, Mexico, South Africa and Taiwan.

Manchester Inc. Headquartered in Dallas, Texas, is in the Buy-Here/Pay-Here auto business. Buy-Here/Pay-Here dealerships sell and finance used cars to individuals with limited credit histories or past credit problems, generally financing sales contacts ranging from 24-48 months.

A maker of specialty products for the performance automotive and power sports replacement markets, Holley is one of the nation's largest supporters of drag racing. Holley Performance Products Inc.

Fuel additive maker Polar Molecular Corp. entered Chapter 11 bankruptcy in an effort to block its largest secured creditor from selling off its patents, worth about $400 million.

Investment bank Friedman Billings Ramsey Group Inc. said on 1/18/2008 its subprime mortgage origination subsidiary filed for bankruptcy protection due to worsening mortgage market conditions.