American Metalsource Inc., a specialty and nonferrous metals
distributor, filed July 17 for Chapter 7 bankruptcy.
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
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.
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
distributes aluminum, brass and copper; castings and forgings;
titanium, nickel and high-temperature alloys; and stainless