Companies go broke all the time. So nothing really peculiar about that. I know the USA makes it easier for companies to wind up (the Chapter 11 provisions).
The current owner could be taking over the name and starting up anew. Happens all the time, even here in Australia. One of the first things that happens when a small business starts up, is a lawyer will suggest setting up as a $2 company through buying a shelf company that has already gone belly up.
People who have made contact with the present owner, are stating he/she is responding to emails and is helpful in the replies (see postings by others, above).
Anyway, those are my thoughts on the matter. All my personal opinion. DYOR etc.etc.
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