A Novato-based investment company and affiliates have filed for bankruptcy protection amid a crush of investor lawsuits and government investigations.
The Chapter 11 petition by the Pacific Private Money Fund estimates the companies’ assets and liabilities each at $10 million to $50 million. The filing also estimates they have 100 to 199 creditors.
However, in a declaration filed on June 22 in support of the petition, William Brinkman, a consultant hired to restructure the organization, stated there are more than 600 creditors and investors, some of whom are elderly…