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Bankruptcy filings in Arizona declined for the second-straight year in 2012, falling more than 22 percent from 2011, according to the latest figures from the U.S. Bankruptcy Court.
Nimbus Brewing reports debts of $161,840 and assets of $906,540 in its bankruptcy filing. Owner Jim Counts expects the company to successfully reorganize and exit bankruptcy.
Tucson's Nimbus Brewing Co. has filed for Chapter 11 bankruptcy reorganization.
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