Infinite Spirits Inc., the maker of Shakers Vodka, has filed for Chapter 7 bankruptcy, according to court documents. The voluntary petition was filed in federal bankruptcy court by the Blaine, MN-based company on 1/5. Much of the money that Infinite owes is for radio advertising. Court documents show it owes more than $286,000 to radio stations across the country, including CBS Radio, according to the Minneapolis / St. Paul Business Journal.
Court documents show it also owes more than $212,000 to five pro baseball teams for radio sponsorships, including the Florida Marlins ($45,000), the Oakland A’s ($21,000), the Seattle Mariners.
The petition shows the company has $100,000 to $500,000 in assets and $1 million to $10 million in liabilities.
Infinite was founded in 2001 by five people who also found Pete’s Wicked Ale.
Trustee Rick Stermer of Montevideo told the West Central Tribune that the company will be liquidated, although it’s possible the Shakers brand will be purchased and continued.