Michigan Brewing Co. of Webberville has filed for Chapter 7 liquidation bankruptcy, claiming assets of $51,521 and liabilities of more than $11 million.
MBC founder and majority shareholder Bobby Mason mailed notices to shareholders of Thursday’s filing in U.S. Bankruptcy Court.
MBC ran into financial troubles under the management of Mason and his wife, Denise Fulton, who served as chief financial officer.
Last April, MBC was evicted from the building that housed the brewing operation and restaurant for failure to pay rent. Mason previously owned the building, but lost it to a creditor.
Read the rest of the article at the Lansing State Journal
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