Page One in Albuquerque, N.M. filed for Chapter 11 bankruptcy protection on February 11 after 30 years in business, citing assets of $799,183 and liabilities of $1,371,258, of which $474,885 are unsecured claims. In addition, “amounts unknown” are due to more than 50 creditors. Court documents filed by owner Steven Morado Stout indicate that “after any exempt property is excluded, and administrative expenses paid, there will be no funds available for distribution to unsecured creditors.” Several publishers are among those unsecured creditors, including the University of Mexico Press, reportedly owed $12,000. In a subsequent email to customers, Stout added “in […]
