MIDDLEBURG – Three Snyder County organizations started or acquired just after the outdated Wooden-Manner abruptly closed on May possibly 13, 2019, are now in personal bankruptcy.
The past two, William Penn Cabinetry in Freeburg and Stanley Woodworking Inc. in Middleburg, filed Chapter 7 paperwork on Friday.
Selinsgrove Institutional Casework that did enterprise as Wood-Metal in Selinsgrove in March obtained approval of U.S. Middle District Bankruptcy Court to change its January Chapter 11 filing to Chapter 7, which is liquidation.
All 3 are owned by Maurice Brubaker, who operates a tax and accounting firm in Lewisburg, and his spouse Deb.
They experienced appeared into buying Wood-Method just after the custom wooden cupboard manufacturer shut but instead in 2020 begun William Penn Cabinetry and procured Stanley.
A $500,000 mortgage from the SEDA Council of Governments was used for operating capital for William Penn.
Brubaker explained at the time he and his wife felt compelled to offer careers for the group soon after Wooden-Mode shut down leaving 938 out of get the job done.
The personal bankruptcy filings condition the a few businesses have minor or no property and owe in excess of $1 million.
Wood-Metal’s premier creditor is Pension Advantage Guaranty Corp. that suggests it is owed $1,659,336.
The Selinsgrove assets is amongst the Wood-Method property acquired by Mifflinburg businessman Invoice French who established the new Wood-Method that now employs 542.
Individual bankruptcy court docket filings present this info:
- Wooden-Mode’s acceptance was not obtained as demanded by a lease in advance of the Brubakers took above Wood Steel in July 2021.
- Wood-Metallic, which no longer is in organization, failed to spend lease the past 4 months of 2021 and the element of January until it declared personal bankruptcy.
- Wood-Manner paid out for $7,165 for three deliveries of fuel oil simply because Wooden-Steel did not have the revenue and $4,000 to renew its air good quality permit with the Division of Atmosphere Protection.
- The personal bankruptcy trustee Friday sought court docket acceptance to provide a 2002 truck and 2007 van owned by Wooden Metal.
In a connected make any difference, many employees of Stanley Woodworking filed civil actions above gains they assert they have not received.
Some of the complaints were being dismissed mainly because they were being filed improperly and other folks are awaiting the outcome of bankruptcy proceedings.
There is a civil case in U.S. Center District Courtroom in which Cupboard Functions of Ann Arbor, Michigan, seeks a final decision on to whom it must pay back the $167,573 it owes Stanley.
4 calls for have been manufactured for the revenue with Fulton Lender contending it should really be in the to start with posture because Stanley owes it $1.26 million.
At the ask for of Snyder County District Lawyer Michael Piecuch the state lawyer general’s business office is investigating insurance plan fraud complaints from the Brubakers.
The allegations are that cash withheld from workers was diverted for other utilizes, Piecuch said.
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