MAGNETATION LLC Bankruptcy Filing
Case Number: 15-50307
MAGNETATION LLC filed a 11 chapter bankruptcy in the District of Minnesota bankruptcy court on May 05, 2015. This is a voluntary filing; it was assigned the bankruptcy case number #15-50307.
MAGNETATION LLC Filing Information
The bankruptcy petition for MAGNETATION LLC showed assets in the range of $100MM - $500MM with liabilities in the range of $500MM - $1B. MAGNETATION LLC reports that the number of creditors is in the range of 1,000-5,000.
The debtor indicated their nature of business as 'None of the Above'. The nature of business option is fairly limited; most companies will chose 'None of the Above'. The options include: 'Health Care Business', 'Single Asset Real Estate', 'Railroad', 'Stockbroker', 'Commodity Broker', 'Clearing Bank', or 'None of the Above'.
MAGNETATION LLC indicated on its bankruptcy petition that it does not expect there will be sufficient assets in the estate to make a payment to the unsecured creditors. This is a bad sign for creditors as it implies that no recovery is likely.
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MAGNETATION LLC Docket Header
Assigned to: Chief Judge Gregory F Kishel Chapter 11 Voluntary Asset |
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| Debtor Magnetation LLC 102 NE Third Street Grand Rapids, MN 55744 ITASCA-MN Tax ID / EIN: 27-2911462 |
rep. by |
James C. Brand
Fredrikson & Byron PA 200 S Sixth Ste 4000 Minneapolis, MN 55402-1425 612-492-7408 Email: jbrand @ fredlaw.com Clinton E. Cutler Fredrikson & Byron, P.A. 200 South Sixth Street Ste 4000 Minneapolis, MN 55402 612-492-7070 Email: ccutler @ fredlaw.com Sarah M Olson Fredrikson & Bryon P A 200 S 6th St Ste 4000 Minneapolis, MN 55402 612-492-7452 Email: solson @ fredlaw.com |
| U.S. Trustee US Trustee 1015 US Courthouse 300 S 4th St Minneapolis, MN 55415 612-334-1350 |
rep. by | Sarah J Wencil
US Trustee Office Suite 1015 U.S. Courthouse 300 South Fourth Street Minneapolis, MN 55415 612-334-1350 Fax : 612-334-4032 Email: Sarah.J.Wencil @ usdoj.gov |