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Idaho Financial Company Files for Bankruptcy

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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.

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