Contract Glazier American Architectural Inc. Files for Chapter 11
June 19, 2012

by Penny Stacey, pstacey@glass.com

Bensalem, Pa.-based American Architectural Inc. filed for Chapter 11 bankruptcy last Friday in the U.S. Bankruptcy Court for the Eastern District of Pennsylvania. The company's 20 largest unsecured claims total approximately $3.9 million.

The company listed between 200 and 999 creditors, with estimated assets between $10 million and 50 million, and liabilities between $10 million and $50 million in its voluntary petition for bankruptcy, signed by company president John Melching.

Several industry suppliers are among the company's 20 largest unsecured creditors:

• TAD Metals Inc., based in Philadelphia, with a claim of $692,510.73;

• Major Tool and Machine in Indianapolis, with a claim of $659,337.39;

• Safti First, based in San Francisco, with a claim of $236,598.335;

• Sentech Architectural Systems LLC in Austin, Texas, with a claim of $183,351;

• JE Berkowitz LP in Pedtricktown, N.J., with a claim of $117,106.88;

• OldcastleBuilding Envelope's Hauppauge, N.Y.-based office, with a claim of $97,764.53;

• American Aluminum Extrusion Co. LLC, based in Beloit, Wis., with a claim of $64,100.28;

• GMS in New York, with a claim of $57,425.75;

• Ellison Bronze Inc. in Falconer, N.Y., with a claim of $54,418.90;

• Stainless Doors Inc. in Hialeah, Fla., with a claim of $47,482.28; and

• Polished Metals Limited Inc., based in Hillside, N.J., with a claim of $46,625.60.

A hearing is scheduled tomorrow at noon to hear several of the early motions in the case, including a motion to use cash collateral and to pay pre-petition payroll. In addition, the court has entered an order stating that several documents are missing from the case, including the company's statement of corporate ownership, list of equity security holders and its statement of financial affairs. The court has ruled that if these documents are not filed by June 29, the case, "this case may be dismissed without additional notice or hearing."

At press time, company officials had not yet responded to requests for comment.

This story is an original story by USGlass magazine/USGNN™. Subscribe to USGlass magazine.
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