While he continues to struggle with health issues, troubled Louisville businessman Will Russell has filed for bankruptcy.
Russell, who suffers from a bipolar disorder, said in a Facebook post Tuesday that he is focusing on improving his health, which is why he closed his two WHY Louisville stores, at 1583 Bardstown Road and 806 E. Market St., at least temporarily. The stores phones went unanswered Wednesday morning.
In a Nov. 11 filing in US Bankruptcy Court, he listed liabilities of $1 million to $10 million and assets of $100,000 to $500,000.
He wrote on the Facebook page of WHY Louisville, a store that sells varied eclectic wares, that he recently has had a number of personal and business issues appear in the news. I am currently addressing these issues, and focusing my energies – first and foremost – on my family and my recovery.
He did not address the fate of the stores or the remaining merchandise.