Flag company files for bankruptcy

Reedsburg-based company has been in business for nearly 30 years

A Wisconsin flag company has filed for bankruptcy.

Reedsburg-based Liberty Flag & Specialty filed about a week before the July 4 holiday and a few days after it lost a quarter-million-dollar judgment to a supplier.

The company has been in business for nearly 30 years.

The company filed for bankruptcy on June 25. It owes its 20 largest creditors a total of $577,809, according to a list with its bankruptcy petition. The petition says the company has less than $50,000 in assets.

Liberty’s president, David Gonzalez, said he and his wife intend to stay in business.

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