Lumber Products Files Chapter 11April 23rd, 2012 by DWM Magazine
Lumber Products based in Tualatin, Ore., has filed a voluntary petition for Chapter 11 Bankruptcy in U.S. Bankruptcy Court District of Oregon. According to court documents the company’s estimated number of creditors is between 1,000 and 5,000 and assets are estimated to be between $10 million and $50 million. Estimated liabilities are also between $10 million and $50 million.
A number of door companies are listed among the companies 20 highest creditors. Such door companies include Lemieux Doors, $2,075,723.64, as well as Masonite, $1,024,286.47. Others among the 20 highest creditors are Columbia Forest Products, $1,833,117.25; Simpson Door, $974,338.78; Therma-Tru, $685,724.80; Brightwood Corp., $242,988.58; Endura Products Inc., $209,808.64 and Kwikset, $138,147.71.
According to court documents, Lumber Products estimates that funds will be available for distribution to unsecured creditors.
Over the past eight years, Lumber Products has also operated as Lumber Products Holdings and Management Co/; Sunrise Wood Products Inc.; Lumber Products Washington Inc.; Millwork & Components Inc.; Components & Millwork Inc.; Wood Window Distributors Inc.; D & J Wood Resources Inc.; and Brady International Hardwoods Co.
The company has ten locations throughout Oregon, Washington, Idaho, Montana, Utah, Arizona and New Mexico.
Stay tuned to www.dwmmag.com for updates as they are made available.