Business bankruptcies

  • Updated: February 24, 2013 - 10:57 AM

This is a list of recent business-related bankruptcies filed in U.S. Bankruptcy Court in Minneapolis and St. Paul.

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

John M. Arleth, as surety for Artful Dragon Press Inc., formerly known as Artful Dragon Productions Inc., 14108 Lake St. Extension, Minnetonka; filed Feb. 18, 13-40744; Chap. 7; assets, $504,374; liabilities, $2,255,770.

Hustad Real Estate Co., formerly known as Hustad Land Co., 10470 Whitetail Crossing, Eden Prairie; filed Feb. 20, 13-40786; Chap. 11; no schedules filed. Elisabeth R. Hustad, president and CEO.

Hustad Investments, formerly known as Hustad Family Investments, 10470 Whitetail Crossings, Eden Prairie; filed Feb. 20, 13-040788; Chap. 11; no schedules filed. Elisabeth R. Hustad, president and CEO.

Hustad Investment Corp., formerly doing business as The Bluffs Co., formerly known as Hustad Investments Inc., 10470 Whitetail Crossing, Eden Prairie; filed Feb. 20; 13-40789; Chap. 11; no schedules filed. Elisabeth R. Hustad, president and CEO.

ST. PAUL

JS2 Properties, Austin, Minn.; filed Feb. 15,13-30678; Chap. 11; no schedules filed. James R. Siegel, chief operating officer.

Lawrence E. Belk, formerly doing business as Hastings Gymnastics Center and Kenwood Gymnastics Center Inc., and Susan M. Belk, 851 Ventnor Av., Eagan; filed Feb. 20, 13-30738; Chap. 7; assets, $431,093; liabilities, $530,966.

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