New York Granite Corp. has filed for chapter 11 bankruptcy reorganization, on the heels of a personal bankruptcy case that exposed the owner’s highly-leveraged finances, WestFairOnline.com reported. The stone countertop fabrication and installation business was founded in 2009 by Wieslaw Piasecki. New York Granite estimated assets of up to $50,000 and liabilities between $1 million and $10 million, in a petition filed Dec. 5 in federal bankruptcy court in Poughkeepsie, N.Y. The petition listed nearly $1.8 million owed to the top 20 unsecured creditors, including $765,887 to New York Business Development Corp. and $497,399 to Empire State Certified Development Corp. New York Granite also owes $523,414 to TD Bank for two 2015 loans secured by all assets. Piasecki filed a chapter 7 liquidation petition in March.
