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Michael Beaudry Files Chapter 11

Jun 9, 2009 6:38 AM   By Avi Krawitz
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RAPAPORT... Jewelry designer and manufacturer Michael Beaudry filed for chapter 11 bankruptcy with the U.S. Bankruptcy Court for the Central District of California on June 4. Court documents listed Michael Beaudry’s related wholesale business, Centerstone Diamonds, as filing chapter 11 concurrently.

Michael Beaudry has estimated assets of between $10 million and $50 million. Liabilities were not listed, but the company had between 50 and 99 total creditors. Michael Beaudry owes its top 20 creditors a combined $2.05 million, including the following industry debts:

Olympic Diamonds Corp.             $253,138
Espeka Israel                               $170,453
Inter Gems Claes                         $158,513
Diamond Investment Partners      $110,203
Kothari Trading Co.                     $107,260
Lili Diamonds                               $105,549
Novel Collection                           $76,311
Fancy Colors USA                       $76,106 
Inga Moubaiajian                         $62,720
Rosy Blue Trading                       $59,984
Superb Jewelstar                         $51,430
Eurostar Belgium                         $48,165

Tags: Belgium, Israel, Jewelry
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Jun 12, 2009 1:21AM    By BK
why are his buddies at JKC? not on the list?
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