Michael Beaudry Files for Chapter 11
June 09, 09
Los Angeles based jeweler Michael Beaudry Inc. has filled for Chapter 11 Bankruptcy protection on June 4. According to a court filing, the company has an estimated 50-99 creditors and $10 to $50 million in assets. The filing does not disclose the company’s liabilities.
Among the largest unsecured industry creditors, Michael Beaudry lists:
Olympic Diamonds of New York ($253,138),
Espeka Israel ($170,453)
Inter Gems Claes ($158,513)
Diamond Investment Partners, Los Angeles, CA ($110,203)
Kothari Trading Co. LTD from Hong Kong ($107,260)
Lili Diamonds, New York, NY ($105,549)
Novel Collection, New York, NY ($76,311)
Fancy Colors USA ($76,106)
Inga Moubaiajin, Los Angeles, CA ($62,720)
Rosy Blue Trading, New York, NY ($59,984)
Superb Jeweler, San Francisco, CA ($51,430)
Eurostar Belgium Inc ($48,165).
Listed concurrently in the filing is California based Centerstone Diamonds Inc.