Thursday, August 30, 2018

Co-owner of Minnesota newspaper chain files for bankruptcy


Jeffrey Enright, the co-owner of Lillie Suburban Newspapers, filed for bankruptcy in a case that “may be tangled with the finances of the North St. Paul-based media company,” according to the Star-Tribune.
On Aug. 20, Enright filed under Chapter 7 of the U.S. bankruptcy code, which means he intends to liquidate assets to pay creditors. In the filing, Enright, of White Bear Lake, listed assets of nearly $400,000 and liabilities of $2.16 million, most of which are “business expenses.”
Lillie Suburban Newspapers has not filed for bankruptcy and "is operating as usual," co-owner Ted Lillie wrote in an e-mail, the Star Tribune reports. “Lillie Suburban Newspapers has no knowledge of and will not comment on Mr. Enright's personal affairs.”
Lillie, based in St. Paul, Minnesota, publishes eight newspapers.

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