PITTSBURGH Fort Worth, Texas-based scrap metal recycler
Industrial Scrap Materials Inc. has filed for Chapter 11
Industrial Scrap Materials listed assets of $449,259 and total
liabilities of $218,559 in documents filed in U.S. Bankruptcy
Court in Texas.
Creditors listed in the filing include the Internal Revenue
Service, the Tarrant County Taxing Authority, the Office of the
U.S. Trustee and the Texas Commission on Environmental Quality.
A meeting of creditors has been set for June 17 and the company
must file its reorganization plan by Aug. 21.
Neither president Joseph White nor principal J.D. White could
be reached for comment.