A window and door installer based in Pompano Beach has filed to reorganize under Chapter 11 of the U.S. Bankruptcy Code, but says it will continue serving customers during its court case.
BNT Services, Inc., which does business as BNT Impact Windows and Doors, filed its petition for protection from creditors in the Fort Lauderdale division of the U.S. Bankruptcy Court.
“BNT remains focused on advancing customer projects where reasonably possible,” management said in an email to customers and employees, among others. “Project schedules and next steps may be affected by material availability, funding, and decisions made in the court-supervised process. BNT will provide customers with project-specific information as it becomes available.”
“We appreciate the patience and continued support of our employees, customers, vendors, and other interested parties as BNT works through this process,” the email added. The Chapter 11 petition, which was filed Monday, “does not mean BNT is closing its doors.”
Employees should continue to report to work unless advised otherwise, the message said.
Business and personal bankruptcies have been on the rise this year amid Mideast war-driven fuel price increases, as well as the rising costs of insurance, transportation and imported goods.
In a declaration to the court requesting continued use of the company’s financial resources, Bret Robbins, the company president, said BNT employs 25 people including installers, support staff and management. He expects to retain them.
Robbins characterized the business as a “Florida construction company that sells and installs hurricane-rated impact windows, doors, and related products for residential and commercial customers in Florida.”
He said the company has more than 100 “active construction projects.”
In its bankruptcy petition, the company said it has between 200 and 999 creditors, assets ranging between $1 million and $10 million; and liabilities between $10 million and $50 million.
According to the court file, a status conference is scheduled before U.S. Bankruptcy Judge Craig Pugatch in Fort Lauderdale at 11 a.m. on Aug. 18. A telephone meeting of creditors is set for Aug. 31.