Brian Abrams, a Spokane Valley entrepreneur who at one time owned the Liberty Lake businesses Integral Designs USA Inc. and Adventure Tech Inc., has filed for Chapter 7 liquidation in U.S. Bankruptcy Court here.
Abrams, who filed the bankruptcy petition with his wife, Terry, listed debts of nearly $1.8 million and assets of about $1.6 million.
The Journal of Business reported in March 2004 that Abrams had bought the former Land Rover building at 23221 E. Knox, in Liberty Lake, and was expanding the facility to house both Integral Designs USA and Adventure Tech, which had been located at 3520 N. Eden.
Integral Designs USA manufactured high-end outdoor products, including sleeping bags, tents, shelters, and clothing, and Adventure Tech sold those goods and other gear to U.S. military and law enforcement units, Abrams said at the time. Abrams had said then that the two businesses employed about 80 people combined.
Abrams couldn't be reached for comment for this story.
Spokane attorney Bruce R. Boyden, who is representing the Abrams in the bankruptcy, says he believes Integral Designs and Adventure Tech both were acquired by Norfolk, Va.-based Blackhawk Products Group. Adventure Tech is now a subsidiary of Blackhawk, Blackhawk's Web site says. Attempts to reach Blackhawk representatives weren't successful.
Boyden says he believes the building on Knox was sold, and the Spokane County assessor's Web site shows that it now is owned by Knox Ave. LLC., of Spokane. The building currently is occupied by PCO Inc., which is using it as its corporate headquarters. PCO designs and manufactures video recording systems and also provides support.
In their filing, the Abrams list a house and lot at 14101 E. Whitetail Lane, south of Spokane Valley, and their largest debt as $1.5 million, owed to Washington Trust Bank, of Spokane, against that house and lot. The filing lists business debts totaling about $217,000. Among the largest unsecured creditors listed are Tennessee Apparel Corp., of Tullahoma, Tenn., which is owed $50,085; Polartec LLC, of Lawrence, Mass., which is owed $30,388; and Evergreen Sewing, of Seattle, which is owed $43,840.
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