Loading…
Wednesday, August 27, 2014
Current Weather
Loading Current Weather....
HomeNewsLocal
Published: Thursday, 1/10/2013

Triad Construction files for bankruptcy

FROM BLADE STAFF

Triad Construction Services, Inc., of Swanton, yesterday filed for liquidation in U.S. Bankruptcy Court in Toledo. It estimated assets at $510,000 and debts at $1.6 million, but details were not provided.

The company, which worked on the Grand Aire Express construction at Toledo Express Airport several years ago, might be able to repay creditors 30 cents of each $1 it owes, said Donna Weaver, attorney for company president Doyle Drennan.

"When the next big job didn't come in, there wasn't any money to pay suppliers," she said.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.






Poll