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The Palm Beach Gardens-based staircase manufacturer and its Alphonso J. Cheponis III, filed voluntaryg Chapter 11 petitions Thursday inthe U.S. Bankruptcy Courrt for Southern Florida. The company petitiob said it has assets of lessthan $500,00 0 and debt of $1 milliom to $10 million. The Cheponis petition reportedf the same ranges for hispersonal situation. David an attorney with in Boca represents Cheponis and the The largest creditors inthe company’s bankruptcy includ e a $1 million secured claikm by , of Atlanta; an unsecured claim of $33,600 by Samplwe at Park Central, of and $17,000 by the law firm.
In personal bankruptcy petition, he lists a disputed claij of $450,000 by Mindy Discala of Delray Beach asan “equitabl e distribution couched as an alimongy payment.” The Business Journakl reported in 2004 that Symmetrical Staid was a behind-the-scenes player in the world of roaring real estates markets, with revenue of about $10 The company produces one main product: But, that includes curved, spiral, flared, L-shaped and irregular-shaped ones, and just about any othed configuration that a client could want. "It was tough gettinyg started 10years ago," Cheponis told the Busineszs Journal at the time.
"I couldn't even get a bank account when Istarted out, much less a In 2004, the company had a 55,000-square-foot manufacturing facility in Pompano Beach, with more than 60 full-time employees and a customer list of leading residentialp and commercial developers. Merrill said Friday he is confideny the reorganization willbe
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