After closing up shop last week, a Denver company offering woodworking and welding classes has filed for Chapter 7 bankruptcy.
MADEwkshp, which recently moved to LoHi after opening up in RiNo early last year, said in its filing that it owes $160,000 to 15 creditors and has assets worth $69,000.
Chapter 7 bankruptcies are typically a liquidation process, where a trustee is appointed to oversee a selloff of the debtor’s assets.
Founder Diane Nagle said in a March 19 Facebook post that the business at 2900 Zuni St. had “sadly become another casualty of COVID” and was permanently closing.
“We did everything in our power to keep going, to stay afloat until things got ‘back to normal,’” she wrote. “But the fact is, we’ve simply run out of steam. There are no more pivots or resources left, and it’s time to say goodbye to MADEwkshop. My heart is broken in a way I didn’t know was possible.”
Nagler, who is being represented by attorney Jeff Brinen with KutnerBrinen law firm, declined a request to comment.
MADEwkshp offered welding, woodworking and industrial arts classes starting at $80. Guests could create a range of items, including free-form sculptures, a pet food-and-beverage station and bar stools.
Nagler originally set up shop in RiNo at 3563 Walnut St., but landlord EXDO Development said in a Feb. 25 lawsuit that the company hadn’t paid rent since April and had moved to LoHi. MADEwkshp signed a five-year lease for the RiNo location in November 2019 and had a monthly base rent of $5,300, according to the lawsuit.
The landlord “made numerous attempts to collect rent from MADE and provided ample leniency while all parties were dealing with the consequences of the COVID-19 pandemic,” the lawsuit states. “MADE assured Plaintiff it would pay rent, but MADE failed to make any further rent payments.”