rss icon

Thursday, 02 March 2017 17:32

Delton construction company files for bankruptcy

Written by  MiBiz Staff
Rate this item
(5 votes)

DELTON — Clark Brothers Construction Inc. filed for Chapter 7 bankruptcy today in the U.S. Bankruptcy Court for the Western District of Michigan.

The Delton, Mich.-based contractor reported in the court filing that it owed between $500,000 and $1 million to secured and unsecured creditors. The company listed $29,250 in assets in the court filing.

In the bankruptcy filing today, Clark Brothers said it owed $70,740 to secured creditors, including Parchment-based Advia Credit Union and Cherry Hill, N.J.-based Web Bank.

Additionally, the construction firm reported it owes $557,144 to 31 unsecured creditors including Nunica-based RA Homes, Nashville, Mich.-based Hometown Lumber and others. The largest unsecured creditor is Clark Brothers president Benjamin L. Clark, who loaned $250,000 to the company.

The company, incorporated in the state of Michigan in October 2012, provides general contracting, residential new construction, design/build services and other related services.

Its headquarters are located at 7600 S. Norris Rd. in Delton.

The company is working with Redmond & Redmon PLC in Kalamazoo for legal representation, according to the filing.

Clark Brothers did not immediately return calls for comment as this report was published.

Read 1657 times Last modified on Thursday, 02 March 2017 19:12

Breaking News

June 2018
S M T W T F S
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Follow MiBiz