Falcon Steel files for Ch. 11

Jul 01, 2014 | 01:40 PM | Thorsten Schier

Tags  Falcon Steel, Chapter 11, bankruptcy filing, steel fabricator, steel, Bull Moose Tube, Independence Tube, Friedman Industries CMC Steel Texas

NEW YORK — Steel fabricator Falcon Steel Co. has filed for Chapter 11 bankruptcy protection, listing several tubular mills among its largest unsecured creditors, although the company expects to emerge from insolvency shortly.

"The bank has agreed to all the petitions, so I don’t imagine we’re going to be in Chapter 11 very long. (The Chapter 11 filing) is just to restructure some of the bank notes....

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