CHICAGO Two southern
steel fabricators have filed for bankruptcy over the past week,
according to court records.
Midstate Steel Inc., Millbrook,
Ala., filed for Chapter 11 bankruptcy protection in U.S.
Bankruptcy Court in Alabama on Dec. 5.
The structural steel
fabricatora member of the American Institute of Steel
Construction, according to its websitehas 50 to 99
creditors, less than $50,000 in assets and liabilities between
$1 million and $10 million, according to court filings signed
by company president John D. Hanners.
Midstates top unsecured
creditors include metal suppliers and service providers such as
Savannah, Ga.-based Chatham Steel Corp., part of Reliance Steel
& Aluminum Co., Los Angeles, owed $170,268; Montgomery
Industrial Gases Inc., Montgomery, Ala., owed $36,708; and
Metal Benders Inc., Hope Hull, Ala., owed $21,362.
A meeting of creditors is
scheduled to be held Jan. 15 in Montgomery, Ala.
Spartanburg, S.C.-based SMC
Steel Fabricators Inc. filed for Chapter 7 bankruptcy
liquidation the same day in U.S. Bankruptcy Court in South
Carolina. The company has assets of between $50,001 and
$100,000 and liabilities of $100,001 to $500,000, according to
the filing signed by Charles K. Johnson, principal of the
SMC Steel Fabricators
unsecured creditors include metals suppliers Crawford Metal
Corp., Louisville, Ky., owed $22,914; Siskin Steel & Supply
Co., a Chattanooga, Tenn., subsidiary of Reliance Steel &
Aluminum, owed $17,189; and Chatham Steel, owed $15,121.
A meeting of creditors is slated
for Jan. 23 in Spartanburg, S.C.