Owners of Bartolotta Fireworks File for Chapter 7 Bankruptcy

by San Antonio Attorney

The co-owner and president of Bartolotta Fireworks, a  family owned and operated professional fireworks display business,  has filed for bankruptcy, and the company will become Wolverine Fireworks.

Despite the bankruptcy, the company says it is still accepting bookings for 2017 as its operations continues.

Bartolotta Fireworks holds many events annually in Wisconsin and in the Upper Midwest. It started operating in 1977, but was founded back in1930s by Sam Bartolotta who had a love for pyrotechnics.

Jeffrey and Donna Bartolotta stated in their Chapter 7 petition that they had $3,697,010 in debts and $506,377 in assets. Jeffrey, who is the president of the company, and Donna hold a third of the fireworks business.

In a statement released by Jeff Bartolotta through the Facebook page of the company, he said the company is closing but it will become Wolverine Fireworks.

Filing Chapter 7 bankruptcy is an option for individuals who have financial hardships keeping them from paying their obligations and who are ready to let their nonexempt property to be utilized to pay their debts. The main goal is to wipe out debts through bankruptcy discharge.

Bartolotta Fireworks LLC is listed as one of the co-debtors.

According to the court filing, Bartolotta Fireworks is insolvent.

Court documents reveal that Wolverine Fireworks Display had $154,089 judgment filed against  Bartolotta Fireworks.

Donna said the company is dealing with several issues.

The company has done shows in Summerfest, Watertown Riverfest, Festa Italiana, German Fest and Polish Fest. It also does winter carnivals, weddings and ski hills.

Despite the Great Recession, the majority of towns and cities continue to have fireworks shows.

 

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