This is a list of recent business-related bankruptcies filed in U.S. Bankruptcy Court in Minneapolis and St. Paul. The number following 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. The individuals or organizations listed in bold are the ones filing for bankruptcy.
MINNEAPOLIS Ironco Inc., Becker, Minn.; filed Jan. 25, 08-40322; Chap. 7; assets, $0; liabilities, $112,340. Harlan Jacobson, president.
Scott Allen Bailey and Karen Lynn Bailey, formerly doing business as Group 11, Bailey Lincoln Blvd., Bailey 15 Street, Bailey Properties and My Three Sisters, 3949 13th Av. S., Minneapolis; filed Jan. 28, 08-40338; assets, $303,339; liabilities, $587,034.
Daniel Robert Guisinger, as surety for IP Volution and Ataractic Corp., doing business as Atacomm, 6566 Forestview Lane N., Maple Grove; filed Jan. 29, 08-40356; assets, $27,595; liabilities, $794,296.
James L. Semon, doing business as Jim Semon Drywall, and Jaculine A. Semon, 12253 NW. Drake St., Coon Rapids; filed Jan. 29, 08-40362; Chap. 7; assets, $26,111; liabilities, $54,031.
Thomas D. Wall, as surety for S&W Enterprises Corp., Hutchinson, Minn.; filed Jan. 29, 08-40363; Chap. 7; assets, $115,300; liabilities, $120,133.
Michael Eugene Ertel and Sandra May Ertel, St. Cloud, Minn., as surety for Ertel Enterprises, formerly doing business as Indian Mounds Resort and Campground; filed Jan. 29, 08-40373; Chap. 7; assets, $622,167; liabilities, $643,309.
James Patrick Charlebois, as surety for J.P. Building and Remodeling Inc., and Audra Lynette Charlebois, 7741 Daleview Dr., Brooklyn Park; filed Jan. 30, 08-40391; Chap. 7; assets, $225,500; liabilities, $438,898.