The owner of a Maui financial services loan company filed for personal bankruptcy the same day as his company, claiming nearly $23.8 million in unsecured debt.
Lloyd Y. Kimura’s Chapter 7 filing late last month came on the same day as his company, Maui Industrial Loan & Finance Co., also filed for Chapter 7
Much of the unsecured liability Kimura listed — $16.2 million — is duplicated in Maui Industrial Loan & Finance’s filing with the U.S. Bankruptcy Court.
The Wailuku-based firm ran afoul of state regulators last year and was ordered by state Commissioner of Financial Institutions Nick Griffin to cease taking deposits or borrowing money.
Complaint claims Kimura used account access to loot couple
By HARRY EAGAR, Staff Writer
POSTED: February 10, 2010
WAILUKU – Another creditor has filed a million-dollar lawsuit against Wailuku certified public accountant Lloyd Kimura. Unlike previous claims, this one also names his accounting firm, Lloyd Y. Kimura CPA.
Kimura filed for bankruptcy two weeks ago, listing debts of about $23 million. His wholly-owned industrial loan company, Maui Finance, also filed for bankruptcy.
Among the creditors in both bankruptcies were Ronald and Miriam Jacintho, owners of Rojac Trucking, Rojac Construction and Jacro Lowbed Services, who were listed as $1 million creditors of Maui Finance. In their lawsuit filed earlier this month in 2nd Circuit Court, they claim their losses were higher, although the complaint did not disclose the total.
This complaint, filed for the Jacinthos and their Dairy Road Property LLC by attorney Lyle Hosoda, differs from other lawsuits by also alleging that Kimura, as their accountant, had access to their accounts and looted them.
WAILUKU – Certified public accountant Lloyd Kimura is facing a flood of lawsuits for unpaid loans, foreclosures and for claims of mismanagement by buyers of a commercial condominium he developed and managed in the Wailuku Industrial Park.
Neither Kimura nor his lawyer, Phil Lowenthal, returned phone messages seeking comment.
In November, the state Division of Financial Institutions ordered Maui Industrial (also known as Maui Finance, or MILFCO) to stop taking deposits. Kimura has owned and managed Maui Finance since 1969.
140 N Market St # 200
Wailuku, HI 96793-1732
Accountants in Wailuku, HI
Offices of Certified Public Accountants
Lloyd Y Kimura Inc Business Information
Lloyd Y Kimura Inc is a private company categorized under Accountants and located in Wailuku, HI. Current estimates show this company has an annual revenue of $1 to 2.5 million and employs a staff of approximately 10 to 19.
HQ, Branch or Single Location
Annual Sales (Estimated)
$1 to 2.5 million
10 to 19
SIC Code and Description
NAICS Code and Description
541211, Offices of Certified Public Accountants
Lloyd Y Kimura from zip code 96793
Political contributions disclosed by campaign committees to the Federal Election Commission, sorted by name, zip code and employer. The data, from the FEC, covers the years 1979 through 2008.
Lloyd Y Kimura
$400 to Daniel Akaka, Daniel K Akaka For U S Senate on November 25, 1991
$250 to Mazie Hirono, Friends Of Mazie Hirono on March 30, 2006
Lloyd Y Kimura
$400 to Daniel K Akaka For U S Senate on November 25, 1991
$250 to Friends Of Mazie Hirono on March 30, 2006