It's clear that there is bad blood between you two, Don, and I'm sorry that has happened for whatever reason. Infighting in such a community is never a good thing and is most certainly regrettable. Since you have made the accusation of "hundreds of thousands of dollars" owed to creditors, could you please post supporting documentation, such as a copy of the schedule of creditors with amounts that were filed with the petition, so that those that may be interested to learn more can decide for themselves? As a newcomer to the community, and a person that's been around the block a few times while being the unfortunate witness to many public personality conflicts, I've learned that nothing proves a point quite like independent evidence.
I'm afraid that a quick Google search only netted the same vague site that you've screen captured and included, so I'll reserve judgment. That said, if the court finds that any funny business occurred then I'm sure that the petition would be denied and sanctions levied. Otherwise, bankruptcy is a right in this country, both personally and for businesses, like it or not -- I personally don't like it, because I'm a big fan of reaping what you sew to help keep ones moral and financial centers calibrated, but I don't make the rules and don't hold it against anyone that exercises that right.
My dealings/purchases from Propworx proper were nothing but a class act, although my dealings with a person that I understand was once involved with Propworx (not Alec) after the fact has unfortunately left a lot to be desired (as of this post, anyway), but that is the only basis on which I have to form an opinion of Propworx to date. Your mileage may, and almost certainly does, vary.