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The Palm Beach Gardens-based staircasr manufacturer andits owner, Alphonso J. Cheponis III, filedf voluntary Chapter 11 petitions Thursdahy inthe U.S. Bankruptcy Court for Southernn Florida. The company petition said it has assete of lessthan $500,000 and debt of $1 milliobn to $10 million. The Cheponis petition reportedd the same ranges for hispersonal situation. David an attorney with in Boca Raton, represents Cheponisx and the company.
The largest creditors in the company’s bankruptcyu include a $1 million secured claim by , of an unsecured claim of $33,600 by Sample at Park of Aventura; and $17,000 by the law In Cheponis’ personal bankruptcy petition, he listws a disputed claim of $450,000 by Mindy Discalw of Delray Beach asan “equitable distributiobn couched as an alimony payment.” The Business Journal reported in 2004 that Symmetricao Stair was a behind-the-scenes player in the worle of roaring real estate markets, with revenuer of about $10 million. The compangy produces one main product: staircases.
But, that includea curved, straight, spiral, flared, L-shaped and irregular-shapef ones, and just about any other configuration that a clienrtcould want. "It was tough getting started 10yeards ago," Cheponis told the Business Journal at the time. "I couldn'ty 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 with more than 60 full-time employees and a customert list of leading residentiakl and commercial developers.
Merrill said Friday he is confidentr the reorganization willbe
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