RETSEL CORPORATION Bankruptcy Filing
Case Number: 24-50081
RETSEL CORPORATION filed a 11 chapter bankruptcy in the District of South Dakota bankruptcy court on September 07, 2024. This is a voluntary filing; it was assigned the bankruptcy case number #24-50081.
RETSEL CORPORATION Filing Information
The bankruptcy petition for RETSEL CORPORATION showed assets in the range of $1MM - $10MM with liabilities in the range of $1MM - $10MM. RETSEL CORPORATION reports that the number of creditors is in the range of 1-49.
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'.
RETSEL CORPORATION 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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RETSEL CORPORATION Docket Header
Subchapter_V, FeeDueBK |
District of South Dakota (Western (Rapid City))
Bankruptcy Petition #: 24-50081
Assigned to: Judge Laura L. Kulm Ask Chapter 11 Voluntary Asset |
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| Debtor Retsel Corporation 1721 N Lacrosse St Rapid City, SD 57701-0705 Pennington-SD Tax ID/EIN: 46-0310723 aka Grand Gateway Hotel aka Cheers Sports Lounge and Casino |
rep. by |
Robert L. Meadors
Brende & Meadors LLP P.O. Box 1024 Sioux Falls, SD 57101-1024 605-333-0070 Fax : 605-333-0121 Email: rlm @ bsmllp.com |
| U.S. Trustee L. Ashley Wieck Assistant U.S. Trustee 210 Walnut Street, Room 793 Des Moines, IA 50309-2108 515-284-4982 Email: ustpregion12.sx.ecf@usdoj.gov |