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    Nova Fabricating Files Chapter 7

    Aug. 10, 2001
    Nova Fabricating Inc, a stainless steel cargo tank manufacturer in Avon MN, filed for Chapter 7 liquidation bankruptcy on July 30. A creditor meeting

    Nova Fabricating Inc, a stainless steel cargo tank manufacturer in Avon MN, filed for Chapter 7 liquidation bankruptcy on July 30. A creditor meeting is set for September 4 at the US courthouse in Minneapolis MN. The company reported assets of $2.59 million and debts of $2.64 million. Nova Fabricating ceased operations earlier this year in the face of industrywide plummeting demand for new stainless steel cargo tanks.

    About the Author

    Charles Wilson

    Charles E. Wilson has spent 20 years covering the tank truck, tank container, and storage terminal industries throughout North, South, and Central America. He has been editor of Bulk Transporter since 1989. Prior to that, Wilson was managing editor of Bulk Transporter and Refrigerated Transporter and associate editor of Trailer/Body Builders. Before joining the three publications in Houston TX, he wrote for various food industry trade publications in other parts of the country. Wilson has a bachelor's degree in journalism from the University of Kansas and served three years in the U.S. Army.