- December 30, 2012 - 2:19 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.
Scott Alan Bechtel, as surety for Subeck Inc., fomerly doing business as Ketsana's Thai Restaurant, as surety for St. Paul Restaurant Corp., formerly doing business as Ruam Mit Thai Cafe, 16870 91st Av. N., Maple Grove; filed Dec. 21, 12-47135; Chap. 7; assets, $85,241; liabilities, $633,671.
William H. Gilk, as surety for Southwest Sales & Leasing Inc., doing business as Scenic Heights Investments, as surety for Trax Investments Inc., Winsted, Minn.; filed Dec. 21, 12-47136; Chap. 7; assets, $727,765; liabilities, $4,120,705.
RTH Properties, 6320 Hwy. 10 NW., Anoka; filed Dec. 26, 12-47171; Chap. 11; assets, $1,100,255; liabilities, $959,203.
Anthony R. Wagner, as surety for Biscay Inc., doing business as Area 22 Paintball, as surety for The Wicked Stitch Inc., Litchfield, Minn.; filed Dec. 26, 12-47180; Chap. 7; assets, $15,669; liabilities, $183,908.
Lon Robert Hollister, as surety for Encomm Midwest Inc., RWL Properties and Pinnacle Automotive, and Esther Marie Hollister, Cambridge, Minn.; filed Dec. 27, 12-47196; Chap. 7; assets, $218,600; liabilities, $967,004.
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