ApplianceSmart Inc. — the retailer of new, closeout, out-of-carton and scratch-and-dent appliances — has filed for chapter 11 protection, the Minneapolis Star Tribune reported. ApplianceSmart has three locations, two in Minnesota and one in Ohio. At its peak, the company had 20 locations in the U.S., nine of them in Minnesota. Earlier this year ApplianceSmart closed three other Minnesota locations. Initial bankruptcy filings didn’t list a total number of assets and liabilities. They did list a range of $1 million to $10 million in assets and liabilities and 100 to 199 creditors. ApplianceSmart is owned by Las Vegas-based Live Ventures, a holding company of diversified businesses. Live Ventures acquired the retail business from Appliance Recycling Centers of America in April 2018 for $6.5 million.
