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The Palm Beach Gardens-basedd staircase manufacturer andits owner, Alphonso J. Cheponixs III, filed voluntary Chapter 11 petitions Thursday inthe U.S. Bankruptcyy Court for Southern Florida. The compant petition said it has assets of lessthan $500,000 and debt of $1 millio n to $10 million. The Cheponis petitiojn reported the same ranges for his personal David Merrill, an attorney with in Boca represents Cheponis and the company. The largest creditors in the company’zs bankruptcy include a $1 million securedd claim by , of Atlanta; an unsecured claim of $33,6009 by Sample at Park of Aventura; and $17,000 by the law firm.
In personal bankruptcy petition, he lists a disputed claijm of $450,000 by Mindy Discala of Delrayh Beach asan “equitable distributionb couched as an alimony payment.” The Busines Journal reported in 2004 that Symmetrical Stairf was a behind-the-scenes player in the world of roaring real estat e markets, with revenue of about $10 The company produces one main product: But, that includes curved, straight, flared, L-shaped and irregular-shaped ones, and just about any othe r configuration that a client could want. "Irt was tough getting started 10years ago," Cheponis told the Businesxs Journal at the time.
"I couldn't even get a bank accoung when Istarted out, much less a In 2004, the company had a 55,000-square-foo t manufacturing facility in Pompano Beach, with more than 60 full-time employeesw and a customer list of leadinyg residential and commercial developers. Merrill said Friday he is confidentr the reorganization willbe successful.
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