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Wayzata is a premier suburb located 11 miles west of downtown Minneapolis. With a population of 4,500 people, Wayzata is a tight-knit community which is known for its vibrant downtown and picturesque setting on Lake Minnetonka. A popular destination for visitors, Wayzata’s downtown is home to a number of specialty shops, boutiques, professional services, and restaurants.

Monday, June 08, 2009

Hecker files Chapter 7 bankruptcy

Former longtime Wayzata-resident and car dealer Denny Hecker filed for Chapter 7 bankruptcy. Hecker lists assets of between $50 million and $100 million, and liabilities of between $500 million and $1 billion, according to Forbes.com. He owes more than $500 million to creditors. Hecker has been forced to close 25 of his 26 dealerships.

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