CHICAGO Bar Steel Service
Inc.s assets are being auctioned after the company filed
for Chapter 7 bankruptcy liquidation in October.
The Sacramento, Calif.-based
reinforcing steel fabrication and installation company listed
its assets at between $100,001 and $500,000 and its liabilities
at between $1 million and $10 million, according to documents
filed in U.S. Bankruptcy Court in California and signed by
company president Matthew D. Kramer.
Among Bar Steel Services
unsecured creditors were steel suppliers, including
McMinnville, Ore.-based Cascade Steel Rolling Mills Inc., owed
$35,600; and Tampa, Fla.-based Gerdau Long Steel North America,
"Bar Steel Service has closed
its doors and gone out of business. We would like to thank our
customers, contractors and vendors for the last 39 years,"
according to the companys website.
Separately, Los Angeles-based
Tiger Remarketing Services LLC said Wednesday that one of its
divisions would be conducting an auction of Bar Steels
assets. Among those assets are trucks, metal fabrication
equipment and an overhead crane.
Bidding is under way, with a
live auction slated for 10:30 a.m. Dec. 11, Tiger Remarketing