JCK Exclusive: Michael Beaudry Files For Chapter 11

By Rob Bates, JCK Senior Editor -- JCK Online, 6/8/2009 5:59:00 PM

  
Noted jewelry designer and manufacturer Michael Beaudry filed for Chapter 11 on June 4, court records show.

California-based “Centerstone Diamonds” concurrently filed for Chapter 11, the papers say.

Top unsecured creditors include Olympic Diamonds (owed $253,000), Espeka Israel ($170,000) and Inter Gems ($158,000). Other top trade creditors include Diamond Investment Partners, Khotari Trading Co. and Lili Diamonds.

Estimated assets are $10 to $50 million. Liabilities were not listed.

According to the Los Angeles Times, in January Beaudry listed his $13.5 million house.

Talkback

We would love your feedback!

Post a comment

» View All Talkback Threads

Related Content

• Topics
• Author

Did Memo Cause Recent Bankruptcies?

08/01/2009

Jewelry Industry Bankruptcy Update

11/05/2009

Diamond Shavings: Your Friday Web Roundup

06/11/2009

Beaudry Scholarship Earns 'League of Honor' Status

07/31/2004

Beaudry Unveils Rare Red-Diamond Design

04/30/2005

Also by this author

• Companies Join "Dirty Gold" Campaign

• Associations Speak Out on Kimberley Process

• Kwiat Buys, Will Run Fred Leighton

• [Christmas 2009] More of the Same?

• New Frontiers in Jewelry Retailing

>>MORE

Sponsored Links