Business Bankruptcies

August 3, 2008 at 8:56PM

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 Joseph Michael Carpenter, formerly doing business as Carpenter Home Renovations, and Sarah Ellen Carrier Carpenter, 5145 Nicollet Av. S., Minneapolis; filed July 23, 08-43641; Chap. 7; assets, $442,745; liabilities, $507,562.

Rukun U. Ahmed, as surety for Workforce International Investment Corp., doing business as Super 8 Motel, 701 Ranchview Lane N., Plymouth; filed July 23, 08-43655; Chap. 7; assets, $274,723; liabilities, $1,634,236.

James Michael Madison and Lona Maria Madison, doing business as Madison & Sons Painting, 16617 NE. Potomac St., Columbus; filed July 24, 08-43668; Chap. 7; assets, $36,200; liabilities, $65,973.

Shawn R. Hinks, as surety for Hinks Investment Corp., doing business as 1st Option Lending, and Erica L. Hinks, Isanti, Minn.; filed July 25, 08-43698; Chap. 7; assets, $402,626; liabilities, $689,651.

Glen A. Charles, doing business as Glen's Service, 3150 E. Medicine Lake Blvd., Plymouth; filed July 24, 08-43705; Chap. 7; assets, $6,140; liabilities, $39,538.

Daniel W. Petermeier and Elizabeth M. Petermeier, doing business as D&B Investment Properties Inc., 14034 Savanna Drive, Rogers; filed July 27, 08-43710; Chap. 7; assets, $1,413,093; liabilities, $1,632,163.

Ciprico Inc., 7003 W. Lake St., St. Louis Park; filed July 28, 08-43731; Chap. 11; estimated assets, $6,905,000; estimated liabilities, $7,814,000. Steven D. Merrifield, president and CEO.

Frederick D. Spencer, as surety for Karma Group Inc., 401 S. 1st St., Minneapolis; filed July 29, 08-43744; Chap. 7; assets, $509,775; liabilities, $795,140.

Paul Allen Thulin, as surety for Granite Banc Development Corp., Granite Banc Home Loans Corp., Granite Banc Financial Services Corp. and Granite Banc Companies Corp., formerly doing business as Granite Banc Contract 2 Own Co., 8351 Crabapple Court, Victoria; filed July 29, 08-43761; Chap. 7; assets, $1,631,026; liabilities, $2,444,329.

Quadrant 2, 150 S. 5th St., Minneapolis; filed July 30, 08-43777; Chap. 7; assets, $5,940; liabilities, $219,998. James Lawson, president.

Matthew E. Engstrom, as surety for Tru North Builders Inc., Ricky Shaws Inc., EMA Homes Inc. and K&M Carpentry Contractors Inc., and Christina G. Engstrom, 10771 106th Av. N., Hanover; filed July 30, 08-43793; Chap. 7; assets, $619,513; liabilities, $1,192,289.

Kevin Andrew Spurgin, formerly known as Wobble N Moose Saloon and Grille, 12821 141st Av. NW., Dayton; filed July 30, 08-43795; Chap. 7; assets, $228,757; liabilities, $625,865.

LeRoy Earl Tresco Jr., as surety for Tresco Construction Inc., doing business as Brandak Builders and LET Properties, St. Cloud; filed July 30, 08-43810; Chap. 7; assets, $329,401; liabilities, $2,464,135.

Nathan A. Birkmeier, as surety for Custom Development & Investment and Custom Financial Group Inc., and Jennifer L. Birkmeier, 15486 NW. Wintergreen St., Andover; filed July 30, 08-43811; Chap. 7; assets, $382,681; liabilities, $1,338,912.

Mary Lynn Weihrauch, doing business as Open Hands Health Service, St. Cloud; filed July 30, 08-43812; Chap. 13; assets, $8,210; liabilities, $62,201.

ST. PAUL John A. Graves and Kristen E. Graves, doing business as Lordan Co., Faribault, Minn.; filed July 23, 08-33605; Chap. 13; no schedules filed.

Stephen Louis Rud, doing business as Wayne's Painting, and Mary Jo Rud, 8610 W. 202nd St., Lakeville; filed July 23, 08-33619; Chap. 13; assets, $314,585; liabilities, $384,759.

Douglas Ronald Ringling, doing business as DRR Trucking, and Nancy Suzanne Ringling, 3172 North View Lane, Woodbury; filed July 23, 08-33622; Chap. 7; no schedules filed.

Christopher James Schneider, doing business as Schneider Construction, and Stephanie Schneider, 24940 Manning Trail N., Scandia; filed July 24, 08-33632; Chap. 7; assets, $19,760; liabilities, $161,570.

Tamara R. Rasmussen, as surety for TRR Corp., formerly doing business as Say When Coffee, Lonsdale, Minn.; filed July 24, 08-33633; Chap. 7; assets, $14,224; liabilities, $226,236.

Douglas A. Fiala, as surety for Meadow Tree Homes, and Donna M. Fiala, Princeton, Minn.; filed July 24, 08-33634; Chap. 7; assets, $400,723; liabilities, $1,413,013.

Paul Anthony Wilmes, formerly doing business as Planned Enterprises, doing business as Joey's Only Seafood Restaurant, and De Ann Rose Wilmes, 3959 Worchester Drive, Eagan; filed July 28, 08-33704; Chap. 7; assets, $383,213; liabilities, $1,031,474.

Aaron M. Huebsch, formerly doing business as Huebsch Lawn Care & Snow Removal, and Kari J. Huebsch, 16105 Ravenna Trail, Hastings; filed July 28, 08-33709; Chap. 7; assets, $223,232; liabilities, $381,915.

Michael Robert Litz, also known as Litz Concrete Inc., Onamia, Minn.; filed July 28, 08-33710; Chap. 7; assets, $10,409; liabilities, $175,781.

Casey Christine Brooks, doing business as Creative State, Red Wing, Minn., filed July 28, 08-33715; Chap. 7; assets, $18,055; liabilities, $21,832.

Charles Michael Genrich, doing business as Ceegee & Associates Inc., 2520 E. County Road F, White Bear Lake; filed July 29, 08-33755; Chap. 7; assets, $11,665; liabilities, $46,000.

Samantha Dawn Baker, as surety for and formerly doing business as Bulldog's Motorsports, 2009 E. 122nd St., Burnsville; filed July 30, 08-33782; Chap. 7; assets, $121,477; liabilities, $205,114.

Yves Vang Soua Thao and Christine Vang Soua Thao, as surety for Seven Union Corp., doing business as Sixty 1 Stop, 2625 Sylvan St., Little Canada; filed July 30, 08-33784; Chap. 7; assets, $659,453; liabilities, $742,078.

Larry Lee Ricke and Cindy J. Ricke, doing business as LCR of Austin, LCR of Albert Lea and Rapid Lube, Austin, Minn.; filed July 30, 08-33793; Chap. 7; assets, $176,531; liabilities, $344,187.

Harry LeRoy Bartz, formerly doing business as HB's Projects and Services, and Linda Mae Bartz, Zumbro Falls, Minn.; filed July 31, 08-33844; Chap. 7; assets, $555,050; liabilities, $399,141.

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.

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