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Triple Crown Kitchen and Bath Files for Chapter 7 Bankruptcy

Submitted by jhartgen@abi.org on

Triple Crown Kitchen and Bath LLC recently filed a voluntary bankruptcy petition in U.S. Bankruptcy Court, Western District of Kentucky, Louisville Division, Louisville Business First reported. Triple Crown Kitchen and Bath, solely owned by Michael Gaines, reported a revenue of nearly $921,000 in 2021, but only $3,700 in total assets. It has no physical office space in Louisville. According to the bankruptcy filing, the company has 26 creditors, the vast majority of which are individual Louisville residents. Those individual claims range from $200 to nearly $24,000. Three claims were tied to businesses, including Louisville Glass Experts ($852), HomeAdvisor ($2,400) and Hatch ($499). In total, the claims against Triple Crown Kitchen and Bath add up to $163,500. The company indicated all of the claims are contingent and disputed.