O’FALLON, Unwell — An O’Fallon, Illinois, plumbing business filed Chapter 11 personal bankruptcy this month.
Spengler Plumbing Co. Inc., 1402 Frontage Road, produced the filing June 1 in individual bankruptcy courtroom in East St. Louis, listing property and liabilities between $1 million and $10 million. Jason Spengler is the firm’s president, court docket documents say. The firm’s web site suggests it also functions on kitchen area and bath remodels, furthermore heating and air conditioning tasks.
An lawyer for Spengler, Steven Wallace of Silver Lake Team Ltd., did not reply to a request for comment. A Chapter 11 personal bankruptcy can contain a reorganization of a firm’s debts.
Court docket papers list big debts with local unions. The premier, $753,000 for an alleged pension withdrawal legal responsibility with Plumbers & Pipefitters Local 101, is disputed. So is a related personal debt, truly worth $235,000, with Plumbers Nearby 360’s pension prepare.
And Spengler listed a $403,000 personal debt with Neighborhood 101 and Area 360 for a National Labor Relations Board settlement settlement “for payment of union positive aspects.”
Further, Spengler mentioned it has a $78,000 tax personal debt with the Interior Earnings Support.
Simply click listed here for the comprehensive story from the St. Louis Business enterprise Journal.
