A vintage toy and collectible store in Northglenn has filed for Chapter 7 bankruptcy in the wake of its closure.
The Pop Culture Connection, which operated at 1422 W. 104th Ave., said in a Feb. 12 filing that it owes $124,490 to eight creditors. The company said it has $10,500 in assets.
Chapter 7 bankruptcies are typically a liquidation process, and a trustee is appointed to oversee a selloff of the debtor’s assets.
The Pop Culture Connection opened in Northglenn in March 2019. The store purchased and sold vintage comics, DC and Marvel action figures, LEGOs, trains, instruments and other items from the early 1900s to the present, according to its website. It closed last July, according to the filing.
The toy store said it had revenue of $101,955 in 2019, and $118,010 in 2020, according to the filing.
Michael Larson, the president of the company, signed the filing, and is listed as the company’s largest creditor, owed $85,000 for loans made to the business. He did not respond to a request for comment.
The company’s second-largest listed creditor is its landlord, owed $20,786.