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Business bankruptcies

September 20, 2012 at 4:54PM
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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

Akil Abas Ibrahim, as surety for Lamm General Import and Export Inc., 7616 Aldrich Av. S., Minneapolis; filed Sept. 7, 12-45171; Chap. 7; assets, $4,600; liabilities, $258,333.

Walter Peter Eisenschenk and Diane Linette Eisenschenk, as surety for Custom Staining & Finishing Inc., Clearwater, Minn.; filed Sept. 7, 12-45177; Chap. 7; assets, $173,069; liabilities, $265,935.

ST. PAUL

Lorraine Carole Clarke, as surety for LovenLife Inc., doing business as Curves, Minn.; filed Sept. 12, 12-35243; Chap. 7; assets, $90,955; liabilities, $191,608.

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