HVAC company files for bankruptcy
Larry Rulison
Voegele Mechanical Inc., a Philadelphia-based heating, ventilation and air-conditioning contractor, filed for Chapter 11 bankruptcy protection Aug. 3.
Voegele had $29 million in revenue in fiscal 2003, according to the bankruptcy filing, which was made in U.S. Bankruptcy Court in Philadelphia."
"Voegele's bankruptcy filing said it had assets of between $10 million to $50 million and similar debts. The filing listed Economy Plumbing & Heating Supply Co. of Philadelphia as its largest unsecured creditor, and that it owed that company $1.05 million. The firm also owes local plumbing unions more than $1.2 million."
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