Nebraska Maker of Outdoor Furnaces Goes Bankrupt

By: Associated Press Email
By: Associated Press Email

A Beatrice company that makes outdoor wood furnaces has filed for Chapter 7 bankruptcy.

HeatSource 1 reports assets of more than $209,000 but owes
nearly $547,000.

The bankruptcy comes about six weeks after the company ceased
production.

HeatSource 1 is owned by Mark and Kathy Setzer of Beatrice. Mark
Setzer told a newspaper that the bankruptcy is "a matter of
closing out a brand name."

He says his HeatSource 1 workers have been hired by his other
company, Setzer's Manufacturing.


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