Wednesday, March 30, 2011

Former game center founder files for bankruptcy

Michael Stessman, founder and former manager of what's now the AllPlay entertainment and gaming center, has filed for Chapter 7 bankruptcy protection. According to court documents, Stessmanmade $88,000 last year as a self-employed real estate consultant, and listed $963,878 in assets. His debts, including back taxes, unpaid Illinois loans and a mix of court judgements sprinkled through 13 debt-related lawsuits, total nearly $19.8 million. He lost his business "inPLay" in 2008 over failure to pay rent.

No comments:

Post a Comment