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Business Bankruptcies

  • October 7, 2012 - 10:18 AM

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

James I. Magee, Water Oaks, Fla., and Sharon F. Magee, 13900 Chestnut Drive, Eden Prairie, as surety for PPN Investments; filed Oct. 3, 12-45702; Chap. 7; assets, $1,203,326; liabilities, $743,448.

ST. PAUL

Darrell Thomas Roth, as surety for Lakes Mortgage Consultants, and Quenby Ellen Roth, 887 Deer Oak Run, Mahtomedi; filed Oct. 1, 12-35601; Chap. 7; assets, $372,489; liabilities, $1,166,588.

Castle Rock Development Inc., 22098 Canton Court, Farmington; filed Oct. 3, 12-35641; Chap. 11; no schedules filed. Colin Garvey, president.

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