FORT WAYNE (AP) — A northeast Indiana classic car dealership owned by former auction house owner Dean Kruse and his wife has filed for Chapter 11 bankruptcy.
Bunker Lakes Inc., which does business as Bunker Lakes Dealership, filed for bankruptcy Feb. 22 in U.S. Bankruptcy Court in Fort Wayne. The filing lists Kruse’s wife, Kristin McGrade, as president and she and Kruse as each owning 50 percent of the company.
Attorney Dan Skekloff, who is handling the bankruptcy for the company, said it could reorganize.
He says the business has no employees and isn’t operating. He says Bunker Lakes is about $5 million in debt and has $10 million in assets.
It’s just the latest problem for Kruse, who has been the subject of numerous lawsuits.
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Dave Yaros Forum Admin 1955 Cadillac Coupé de Ville 1962 Oldsmobile Dynamic 88 Conv 1992 Cadillac Allanté
