Minnesota Rusco has filed for bankruptcy, after the longtime home remodeling company abruptly closed its doors last week.

In a filing in U.S. Bankruptcy Court in Delaware this week, the company said it has between $100 million and $500 million in debts and fewer than $10 million in assets.

The filing indicates Minnesota Rusco has hundreds of creditors.

The Chapter 7 bankruptcy filing seeks to liquidate the company’s assets. Court documents indicate the company does not believe there will be money left for unsecured creditors.

Minnesota Rusco dates back to 1955 but was acquired three years ago by Texas-based Renovo Home Partners, which also owned other home improvement companies across the country. • EarlierHome improvement company Minnesota Rusco shuts down after 70 years • Earlier

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