RiseUp Publications LLC, which had a short-lived attempt to publish a magazine on race relations, has filed a Chapter 7 bankruptcy petition.
The magazine was created by Janice S. and E. Frank Ellis to be an insert in major daily newspapers, including The Kansas City Star.
The Kansas City Star previously sued RiseUp, claiming it was owed $2.2 million for printing the magazine, which appeared for only six weeks last year.
The RiseUp bankruptcy petition, filed Wednesday in U.S. Bankruptcy Court for the Western District of Missouri, lists liabilities between $1 million and $10 million and assets of less than $50,000.
The filing said there are fewer than 50 creditors and that the debtor estimates there will be no funds available for unsecured creditors.
Photo credit: AP/Day Life
Hat tip: Tony's Kansas City