Business bankruptcies

  • Updated: July 1, 2012 - 12:42 PM

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.


James Allen Huey, dong business as the Real Estate School and James Huey Realty, 1603 Black Oaks Place N., Plymouth; filed June 25, 12-43724; Chap. 7; assets, $597,221; liabilities, $761,254.

KMEA Designs Inc., doing business Kathie's Finds, 7888 County Rd. 6, Maple Plain; filed June 26, 12-43758; Chap. 7; assets, $3,693; liabilities, $37,187. Kathleen Armstrong, president.

Rickey D. Nash, as surety for GBT Inc., GBT Drilling Inc., GBT Testing Inc., Dedicated Geothermal Inc. and Alva Smart Energy Solutions, Waverly, Minn.; filed June 28, 12-43819; Chap. 7; assets, $426,446; liabilities, $6,083,543.


Robert J. Richter, doing busines R J Richter Ranch, Granite Falls, Minn.; filed June 25, 12-33791; Chap. 7; assets, $222,116; liabilities, $233,555.

Christopher Wayne Jacobson, formerly doing business as M.T. Wine Glass Inc., Jacobson Wine Real Estate and Soup a Go-Go Inc., and Mary Helen Jacobson, New Ulm, Minn.; filed June 27, 12-33839; Chap. 7; assets, $390,245; liabilities, $696,853.

Troy Raymond Lewis, as surety for KAK Inc., USA Karate, Ultimate Martial Arts & Fitness, USA Karate Hudson, KAMA Inc., Energy Pilates, Revolution Dance Studio, Ultimate Martial Arts, U M A Inc., Energy Pilates & Fitness, TS Ventures, KAK 1 Inc., TRL Ventures Inc. and LO Enterprises Inc., and Jennifer Lee Lewis, 8316 Enclave Rd., Woodbury; filed June 28, 12-33858; Chap. 7; assets, $348,924; liabilities, $2,820,288.

MN Best Enterprises Inc., 2801 Lexington Avenue N., Roseville; filed June 28, 12-33893; Chap. 7; assets, $310; liabilities, $227,109. Hyon Tok Kim, president.

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