CHICAGO American Metalsource Inc., a specialty and nonferrous metals distributor, filed July 17 for Chapter 7 bankruptcy.
Company president Pamela Carter (Cameron) said the Anaheim, Calif., operation filed for bankruptcy because its former president, Russell Cameron, died, but she declined to discuss the matter further. The companys bankruptcy attorney could not be reached for comment.
American Metalsource listed unsecured debts of $141,100, which includes a $68,000 claim by Latrobe Steel in Santa Ana, Calif., a $14,000 claim by Future Metals in Cerritos, Calif., and a $6,000 claim by TW Metals in Los Angeles.
Latrobe Specialty Steel Co. filed a breach of contract lawsuit Sept. 19, 2012, against American Metalsource in Orange County Superior Court, but a petition to remove that complaint to the bankruptcy court was filed July 23. A hearing on removal is scheduled for March 2014.
American Metalsource distributes aluminum, brass and copper; castings and forgings; titanium, nickel and high-temperature alloys; and stainless steel products.