A metalworking company listed as part of several Sacramento region construction projects has filed for chapter 7 bankruptcy, suggesting that the company will liquidate, the Sacramento Business Journal reported. AMD Metal Works Inc., with an address in Sacramento County near the Power Inn Road area, filed for bankruptcy on Sept. 9 in U.S. Bankruptcy Court, Eastern District of California. According to the filing, AMD Metal Works has assets of about $3.72 million and liabilities of about $1.89 million. However, about $2.49 million of the company's assets are listed as accounts receivable, or money the company hasn't received yet for work performed within the last 90 days. Among the projects listed where the company performed work and is owed money are the 65 East, now known as Wexler on 65th, student housing project in Sacramento; the 47-unit affordable housing project Sunrise Pointe in Citrus Heights; and Aurora, a 162-unit affordable housing project in Gold River. The company also lists work performed on several Bay Area projects of all kinds and elsewhere in California.
