International Bridge Corp., a company that does construction and maintenance on the island of Guam, filed for chapter 11 protection on Thursday, Dow Jones Daily Bankruptcy Review reported today. In filings with U.S. Bankruptcy Court in Kansas, International Bridge said it needs access to cash secured by liens against its business to continue day-to-day operations and pay its vendors and employees. The company, which got out of the construction business in Guam and now performs service and maintenance at a high school there, owes $4.5 million to the Internal Revenue Service and $4.8 million to the Guam government.
