NEW YORK Stainless Pipe
& Fitting Supply Co. Inc. has filed a Chapter 7 petition in
federal bankruptcy court in California in a move that will see
the company liquidate its assets.
The Santa Fe Springs,
Calif.-based company cited in the filing assets of less than
$50,000 and liabilities of between $101,000 and $500,000.
The company could not be reached
for comment Thursday.
Among the creditors listed in the petition are Alloy
Stainless Products Co. Inc., Totowa, N.J.; GFI Stainless,
Modesto, Calif.; Global Stainless Supply Solutions, Gardena,
Calif.; PAC Stainless Ltd., Seattle; Stainless Distributors,
Odessa, Fla.; Summit Stainless Steel LLC, Santa Fe Springs,
Calif.; TW Metals Inc., Los Angeles; Ta Chen International
Inc., Long Beach, Calif.; and Valbruna Stainless Inc., a Chino,
Calif.-based subsidiary of Italian stainless steelmaker
Acciaierie Valbruna SpA.