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Business bankruptcies
- Updated: June 3, 2012 - 10:43 AM
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This is a list of recent business-related bankruptcies filed in U.S. Bankruptcy Court in Minneapolis and St. Paul. The number after the filing date is the case number. A Chapter 7 petition is for liquidation of the business; Chapter 11 (or Chapter 12 for farmers or Chapter 13 for small businesses) gives protection from creditors while the business is reorganized.
MINNEAPOLIS
Mark P. Kalan, doing business as Kalan Investment Properties, as surety for Route 29 Napa Inc., R29N Inc., Kalan Enterprises, Maud Borup Chocolates and Marim Investments, 738 Regency Lane E., Hopkins; filed May 25, 12-43166; Chap. 7; assets, $644,211; liabilities, $1,235,388.
Cooperative Printing Association, doing business as Cooperative Print Solutions, 1225 N. 7th St., Minneapolis; filed May 30, 12-43214; Chap. 7; assets, $925,536; liabilities, $2,653,713. Richard M. Seppala, board chairman.
Kevin W. Stifle, formerly doing business as Stifle Anderson Consulting, 2852 Hampshire Av. S., St. Louis Park; filed May 31, 12-43293; Chap. 7; assets, $19,667; liabilities, $123,906.
ST. PAUL
Gregory James Brenny, formerly doing business as St. Cloud Auto Connection Inc., as surety for Brenny Construction Inc., Sauk Rapids, Minn.; filed May 29, 12-33253; Chap. 13; assets, $385,933; liabilities, $826,703.
Yolanda F. Sims, as surety for One Bright Star, 1291 Rice St., St. Paul; filed May 30, 12-33281; Chap. 13; assets, $119,775; liabilities, $243,422.
Susan M. Swanson, as surety for Cat Care Clinic, 14730 Ostrum Trail, Marine on St. Croix; filed May 31, 12-33318; Chap. 13; assets, $189,845; liabilities, $542,831.
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