A Vernon Hills, Illinois-based cabinet manufacturing and retail company has filed for Chapter 11 bankruptcy protection. The latest case filings show a financial imbalance and unsecured creditor claims facing the company.
Court proceedings are ongoing, and the company is expected to continue normal operations during the bankruptcy process.
CraftedWild Inc Enters Bankruptcy
After more than 11 years of service across Chicago and the North Shore, the company officially filed for bankruptcy.
Case records, as available on the PACER database, show that the company submitted its petition on June 3, 2026. The records list CraftedWild Inc as a small business debtor and add that it decided to proceed under Subchapter V of Chapter 11.
This is a streamlined form of bankruptcy particularly designed for small businesses. It allows qualifying debtors to have simplified procedural requirements and reduced administrative burden.
Highlights from the Petition
A notable document filing made by CraftedWild Inc is its summary of assets and liabilities. According to it, while the liabilities are over $1.35 million, the assets are estimated at approximately $148,757. This suggests that the company owes more than what it owns.
Another document filing was a list of creditors with the largest unsecured claims. These include AmEx Platinum, Ascentium Capital, Chase Bank, Quintessential Cabinetry Inc., Mercedes-Benz Financial Services, and more.
Court filings indicate that funds will be available for distribution to the unsecured creditors.
Case filings also show that the company has around $441,000 in secured debt.
According to the list of equity security holders submitted by the company, Kirill Kiperman holds 100% ownership in the cabinetry manufacturing company.
Other documents listed in the Chapter 11 petition were a financial affairs statement and a corporate ownership statement.
A summary of all the details from the petition is shared here:
- Filing Date: June 3, 2026
- Court and Jurisdiction: U.S. Bankruptcy Court for the Northern District of Illinois
- Type of Filing: Active, Voluntary Petition
- Chapter: 11, Subchapter V
- Case Number: 26-09442
- Estimated Assets: Between $100,001 and $500,000
- Estimated Liabilities: Between $1,000,001 and $50 million
- Estimated Creditors: Between 1 and 49
- Reason for Filing: Restructure business under court supervision
Company Details
As a Vernon Hills, Illinois-based company, CraftedWild Inc. operates as a cabinetry manufacturing and retail business. Its solutions include ready-to-assemble, semi-custom, and bespoke products, the website states.
Founded in 2014, its specialization includes custom kitchens, wardrobes, and closets. The services also extend to architectural millwork projects, such as media walls, libraries, mudrooms, and home bars.
Designers, engineers, project managers, mill workers, and installers at the company oversee projects. This includes initial assessment and design through manufacturing, delivery, and installation.
The Chapter 11 process is a notable point for the company after over a decade of service. As the case moves ahead, new court filings and a reorganization plan may provide some clarity about its financial footing.
