Business bankruptcies

  • Updated: December 27, 2009 - 5:28 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 businesses; Chapter 11 (or Chapter 12 for farmers or Chapter 13 for small businesses) gives protection from creditors while the business is reorganized.

MINNEAPOLIS

Irvine Enterprises Inc., doing business as River City Cycles & Fitness, Monticello, Minn.; filed Dec. 21, 09-48643; Chap. 7; assets, $22,474; liabilities, $128,712. Scott Irvine, shareholder and president.

Mark B. Sims, as surety for Suburban Air Heating & Cooling, 6531 White Dove Circle, Excelsior; filed Dec. 22, 09-48686; Chap. 7; assets, $599,960; liabilities, $1,045,168.

RCN Enterprises Inc., doing business as Midas of New Hope and Midas of Shakopee, 8004 Timberlake Drive, Eden Prairie; filed Dec. 22, 09-48698; Chap. 7; assets, $0; liabilities, $205,333. Robert Nelsen, president.

ST. PAUL

Duluth Management Inc., doing business as Shenanigan's Fine Wines, Shenanigan's Liquors and Shenanigan's Wine & Spirits, 15047 Crestone Av. W., Rosemount; filed Dec. 18, 09-38892; Chap. 11; assets, $518,005; liabilities, $1,429,002. Dipan Patel, vice president.

Troy Raymond DeBus, Byron, Minn., and Kathleen Ann DeBus, as surety for Uniforms Inc., doing business as Uniforms By Kathy, Rochester; filed Dec. 18, 09-38893; Chap. 7; assets, $362,795; liabilities, $405,154.

Arden D. Larsen, as surety for Pine Springs Home Enterprises Inc. and Pine Springs Capital Management, and Sheila M. Larsen, 7465 Pinecrest Road, Pine Springs; filed Dec. 22, 09-38925; Chap. 7; assets, $388,732; liabilities, $936,338.

Flores Nationwide Investments Inc., 990 Payne Av., St. Paul; filed Dec. 21, 09-38928; Chap. 11; no schedules filed. Pedro Flores, president.

Christopher Kenneth Frank, as surety for Merc Industries Inc. and Perfect Tan, 3633 Genevie Av. N., Oakdale; filed Dec. 21, 09-38931; Chap. 7; assets, $3,500; liabilities, $892,589.

Matthew Eastvold, as surety for Eastvold Custom Woodworks, Northfield, Minn.; filed Dec. 22, 09-38968; Chap. 7; assets, $211,856; liabilities, $666,232.

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