First DQ business, now business owner goes bankrupt - KCBD NewsChannel 11 Lubbock

First DQ business, now business owner goes bankrupt

LUBBOCK, TX (KCBD) -

A Lubbock business owner, John W. Beakley, filed for Chapter 7 bankruptcy on Monday.  Beakley's company, Roundtable Corp., owns a long list of Dairy Queen locations in Texas, including Idalou and Wolfforth. 

But to clarify, his business does not own the DQ locations inside Lubbock.    

Roundtable also owns I27 Power Sports and I27 Marine.

Beakley's company filed for Chapter 11 Bankruptcy on March 1, at roughly the same time as several people came forward to accuse him of investor fraud in a civil lawsuit.  Beakley has not yet responded to the allegations. 

While his business might try to reorganize under Chapter 11, his personal bankruptcy calls for liquidation.

Copyright 2012 KCBD. All rights reserved.

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