(See Update Below)
American Landmark Group, a fence builder in Marietta, filed a Chapter 11 petition in Atlanta on June 6, 2007, and remains in business.
WASHINGTON (AP) – Fence builder American Landmark Group Inc. filed for Chapter 11 protection in Atlanta.
The Marietta, Ga.-based company’s bankruptcy petition on Wednesday listed assets and liabilities each in the range of $1 million to $100 million.
Through its American Landmark Fence Co. subsidiary, the company says it is Georgia’s largest fence builder.
A variety of materials suppliers and other vendors were listed among the creditors holding the 20 largest unsecured claims against the company.
The largest unsecured claims include Morrow, Ga.-based Merchants Metals’ $126,401 claim, G-Plex Inc. and Peach State Manufacturing’s $100,563 claim, and Atlanta-based Home Depot’s $65,070 claim.
The company also owes about $50,062 in credit-card debt to Bank of American Corp.
American Landmark Group said it expects to have funds available to pay unsecured claims.
Update June 27, 2007 – I received a few emails (mainly people who lost deposits) that the company had gone out of business, and was no longer answering phones. The debtor has now filed a motion to sell substantially all of its assets on an expedited basis.