The franchisee of two Twin Cities Firehouse Subs shops filed for Chapter 11 bankruptcy on April 4, listing more than $1 million in debts.
Stillwater-based MR Investments LLC made the voluntary filing in U.S. Bankruptcy Court listing $68,376 in assets and $1,140,595 in debts.
A lawyer for Michael Ruoho, who is the authorized debtor for MR Investments LLC, attributed the failures of the two sub shops to hardships brought on during the Covid-19 pandemic. Ruoho also lists himself as the CEO of MR…
