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American Architectural Inc. files for Chapter 11

Post Time:Jun 25,2012Classify:Industry NewsView:78

American Architectural Inc. of Bensalem, Pa., filed for voluntary Chapter 11 bankruptcy, June 15, in the United States Bankruptcy Court Eastern District of Pennsylvania.

The contract glazier employs a staff ranging from 110 to 200+ employees, depending upon project sizes, according to its website. Court documents list its assets at between $10 million and $50 million, with estimated liabilities in the same range. The company estimates that funds will be available for distribution to unsecured creditors, according to the documents.

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Source: http://www.glassmagazine.com/news-item/commercial/american-architectural-inc-files-chapter-11-129849Author:

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