Idaho Financial Company Files for Bankruptcy
BOISE, Idaho (AP) — A subsidiary of a Meridian company once fined by Idaho regulators for misleading investors has filed for bankruptcy.
Federal bankruptcy court filings say Hopkins Northwest Fund owes between $1 million and $10 million to between 100 and 200 creditors. The Idaho Statesman reports the fund lists assets in the same $1 million to $10 million range.
It’s the second bankruptcy case in the past five months by a Hopkins Financial Services affiliate. Investors in Hopkins Growth Fund filed a petition for involuntary bankruptcy in November in a case that is still pending.