RiseUp Publications LLC, which had a short-lived attempt to publish a magazine on race relations, has filed a Chapter 7 bankruptcy petition.
The magazine was created by Janice S. and E. Frank Ellis to be an insert in major daily newspapers, including The Kansas City Star.
The Kansas City Star previously sued RiseUp, claiming it was owed $2.2 million for printing the magazine, which appeared for only six weeks last year.
The RiseUp bankruptcy petition, filed Wednesday in U.S. Bankruptcy Court for the Western District of Missouri, lists liabilities between $1 million and $10 million and assets of less than $50,000.
A companion bankruptcy petition was filed by Ellis Management Marketing Group Inc., the Kansas City-based parent company of RiseUp.
That filing listed the same liabilities and assets as the RiseUp document.
The filings said there are fewer than 50 creditors and that the debtor estimates there will be no funds available for unsecured creditors.
A meeting of creditors was set for 12:15 p.m. July 14 at the U.S. Courthouse, room 2110B, in Kansas City.
Janice Ellis is a Kansas City businesswoman and former mayoral candidate. Her husband, Frank, is chairman of Swope Community Enterprises.
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