UPDATED at 4:12 p.m., Nov. 17.
Reinke Brothers, Littleton’s Halloween and costume store, is facing an uncertain financial future.
The business, owned by Greg and Chris Reinke, filed a Chapter 11 reorganization bankruptcy at the end of October.
The business has operated for 55 years, first at the Cinderella City Shopping Center in Englewood and then on Littleton’s Main Street since 1999.
Aside from its collection of spooky decorations, costumes and magic tricks, Reinke Brothers is also known for its annual haunted mansion experience.
Greg Reinke declined to comment on his business’ bankruptcy filings, but said he wanted the community to know one thing.
“We’re not going anywhere,” he said.
Greg Reinke serves as president of the Littleton Merchants Association, a group that supports and promotes Littleton’s downtown business community.
According to its bankruptcy filings, Reinke Brothers has almost $14,000 in assets and about $326,000 in liabilities.
About 72% of its liabilities is in money owed to Statewide Roofing Consultants, Inc, a roofing company based in Littleton.
Reinke Brothers owes the roofing company about $234,000, according to the bankruptcy filings.
The filings state that Reinke Brothers paid about $125,000 to Statewide Roofing in a levy on Oct. 24, the day before it filed for bankruptcy.
The two companies have been involved in civil litigation since 2016. The legal dispute concerns a roofing project conducted by Statewide Roofing on the Reinke Brothers building.
Reinke Brothers has pursued claims of breach of contract, negligence, negligent misrepresentation, fraud by concealment, civil theft and deceptive trade practices, according to court documents.
The roofing company has pursued claims of breach of contract and unjust enrichment against Reinke Brothers.
Reinke Brothers appealed the case in 2021 and the case is still open.
Greg Reinke declined to comment on his company’s legal history with the roofing company.
According to the bankruptcy filings, Reinke Brothers’ second-largest debt owed is about $42,000 to the Arapahoe County Treasurer.
The company also owes $38,000 to a company called TNT Construction Services, Inc.