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Business Bankruptcies

  • November 11, 2012 - 11:20 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

Gloria Jean Lorentson, as surety for American Home Title, doing business as Property Fraud Prevention, Big Lake; filed Nov. 2, 12-46296; Chap. 13; assets, $249,260; liabilities, $540,986.

Timothy B. Shears and Sandra M. Shears, as surety for TBS Group Corp. and Morgan's in the Park, 10142 Chestnut Circle N., Brooklyn Park; filed Nov. 6, 12-46331; Chap. 7; assets, $427,907; liabilities, $1,553,738.

Mark C. Swedlund, as surety for Ecklund & Swedlund Homes Inc., 10715 34th Av. N., Plymouth; Nov. 6, 12-46333; Chap. 7; assets, $429,610; liabilities, $789,672.

Aaron Thomas Wakefield, as surety for W3 Wakefield Properties, 10452 Kalland Lane NE., Hanover; filed Chap. 7; assets, $237,111; liabilities, $359,996.

ST. PAUL

Steven Michael Rohde, formerly doing business as House 2 Home Custom Furniture, and Diane Marie Gold-Rohde, 16395 Elm Way, Belle Plaine; filed Nov. 2, 12-36211; Chap. 7; assets, $12,585; liabilities, $318,852.

William J. Adams, as surety for X-Cel Plumbing Inc., and Northern Exposed Inc., and Megan M. Adams, Sauk Rapids, Minn.; filed Nov. 5, 12-36234; Chap. 7; assets, $251,473; liabilities, $481,253.

Eugene Richard Jesse, doing business as G & L Enterprises and Courtly Manor Bridals, Albert Lea, Minn.; filed Nov. 5, 12-36235; Chap. 7; assets, $255,800; liabilities, $355,800.

Patrick Nickleson Enterprises, 8687 Eagle Point Blvd., Lake Elmo; filed Nov. 6, 12-36245; Chap. 7; no schedules filed. Michael J. Iannacone, trustee.

Patricia Nickleson Enterprises, 8687 Eagle Point Blvd., Lake Elmo; filed Nov. 6, 12-36248; Chap. 7; no schedules filed. Michael J. Iannacone, trustee.

PBJ Enterprises, 8687 Eagle Point Blvd., Lake Elmo; filed Nov. 6, 12-36249; Chap. 7; no schedules filed. Michael J. Iannacone, trustee.

Daniel Michael Boeser, as surety for DMB Tanning and DMB Tanning 2, and Marisa Sue Boeser, 17020 Eastwood Av., Farmington; filed Nov. 7, 12-36295; Chap. 7; assets, $524,058; liabilities, $748,475.

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