Winter Panel files for bankruptcy, will stay in business

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first_imgA maker of prefabricated homes in Brattleboro, Vermont, has filed for Chapter 7 bankruptcy protection, but will be sold and remain in business. Winter Manufacturing Inc, doing business as Winter Panel Corp, filed for bankruptcy June 10. According to Jeffrey Lewis, executive director of the Brattleboro Development Credit Corp, the company was forced into the action by disgruntled customers. He said the company faced lawsuits by customers dissatisfied with the product. But, Lewis said, Winter Panel is being bought by another company, World Panel, which will keep the company in Brattleboro and retain all the employees.Winter Panel manufactures structural insulated panels, featuring a foam core, for the residential and commercial construction industry. In a Vermont Business Magazine survey earlier this year, Winter Panel reported that it had 20 employees. The bankruptcy filing said it had $8.25 million in assets and $1.3 million in liabilities.US Bankruptcy Court, District of Vermont, Rutland:Winter Manufacturing, Inc.74 Glen Orne Dr., Brattleboro 05302-9116Filed 6-10-09, Chapter 7Assets: $8,250,000.00Liabilities: $1,291,348.13last_img

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