Business bankruptcies

  • August 17, 2012 - 2:39 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.


Matthew Loren Kilde, as surety for Silverstone Ventures, and Dana Alison Kilde, Monticello, Minn., filed Aug. 14, 12-44757; Chap. 7; assets, $354,816; liabilities, $1,562,942.


Steven James Lonergan, formerly doing business as Lonergan Farms, Rose Creek, Minn.; filed Aug. 13, 12-34667; Chap. 12; no schedules filed.

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