Atlas Biologicals seeks order preventing discharge of debt in bankruptcy

FORT COLLINS — Atlas Biologicals Inc., a Fort Collins company that produces fetal bovine serum, has filed an adversarial action in the Thomas Kutrubes personal bankruptcy, seeking to prevent the discharge of a court-ordered penalty in Kutrubes’ bankruptcy.

Kutrubes is the founder of Peak Serum Inc., a company formed in 2014 to compete against Atlas, where Kutrubes began his career in 2005. Fetal bovine serum is a byproduct of meatpacking and is derived from cow fetuses; it is used worldwide in biological research and cell generation. 

In 2016, Atlas determined that Kutrubes had stolen customer information and had misrepresented his relationship…