Northwest Collision in Bellingham, Wash., has filed for Chapter 7 bankruptcy, the Bellingham Herald reported.
The body shop had about $48,000 in assets, $500,000 in liabilities and 50 to 99 creditors when it filed for bankruptcy on Monday, Dec. 14, documents from the U.S. Bankruptcy Court’s Western District court show.
The shop, established in 1967, was purchased from the Hansen family by Cory McDaniel in 2007. McDaniel has over 12 years of experience in the collision repair industry, according to the shop’s Web site.