OrthoPets was founded in 2003 by Martin Kaufmann. (Instagram)
A Westminster pet prosthetic company has filed for bankruptcy.
OrthoPets, which makes braces and artificial limbs for dogs and other small animals, filed for Chapter 7 bankruptcy in November. It reported $326,057 in assets and $657,216 in liabilities.
Chapter 7 is typically a liquidation process, although an automated email from the company received when BusinessDen asked for comment claimed it would soon have a new owner.
“We are currently in an exciting ownership transition and temporarily pausing new orders as we prepare for our next chapter,” the company said. “Email cannot be checked regularly during this brief transition.”
Kevin Neiman, the attorney representing OrthoPets in the proceedings, declined to comment.
The business was founded in 2003 by Martin Kaufmann, according to its website. Jani Liimatainen signed bankruptcy paperwork on behalf of the company, listing himself as president of an affiliated company that manages OrthoPets.
OrthoPets had revenue of $1.4 million in 2023 and $1.6 million in 2024, according to bankruptcy filings. It had sales of $960,000 through mid-November this year.
The company has an office at 1130 W. 124th Ave. in Westminster that is leased through the spring of 2028, filings show.
OrthoPets owes its biggest creditor, the Small Business Administration, $495,000 for a loan taken out in May 2020. The filing also lists 40 unfulfilled orders totaling $60,000.
Its parent and sister companies also filed for bankruptcy protection earlier this year, according to court documents. The former is listed as Dassiet Oy, which is based in Finland, and the latter is Colorado-based Dassiet Medical LLC, the filing reads.
OrthoPets was founded in 2003 by Martin Kaufmann. (Instagram)
A Westminster pet prosthetic company has filed for bankruptcy.
OrthoPets, which makes braces and artificial limbs for dogs and other small animals, filed for Chapter 7 bankruptcy in November. It reported $326,057 in assets and $657,216 in liabilities.
Chapter 7 is typically a liquidation process, although an automated email from the company received when BusinessDen asked for comment claimed it would soon have a new owner.
“We are currently in an exciting ownership transition and temporarily pausing new orders as we prepare for our next chapter,” the company said. “Email cannot be checked regularly during this brief transition.”
Kevin Neiman, the attorney representing OrthoPets in the proceedings, declined to comment.
The business was founded in 2003 by Martin Kaufmann, according to its website. Jani Liimatainen signed bankruptcy paperwork on behalf of the company, listing himself as president of an affiliated company that manages OrthoPets.
OrthoPets had revenue of $1.4 million in 2023 and $1.6 million in 2024, according to bankruptcy filings. It had sales of $960,000 through mid-November this year.
The company has an office at 1130 W. 124th Ave. in Westminster that is leased through the spring of 2028, filings show.
OrthoPets owes its biggest creditor, the Small Business Administration, $495,000 for a loan taken out in May 2020. The filing also lists 40 unfulfilled orders totaling $60,000.
Its parent and sister companies also filed for bankruptcy protection earlier this year, according to court documents. The former is listed as Dassiet Oy, which is based in Finland, and the latter is Colorado-based Dassiet Medical LLC, the filing reads.
