Elevated Construction and Remodeling LLC has elected to file under subchapter V of chapter 11 in the U.S. Bankruptcy Court for the Southern District of Indiana, Louisville Business First reported. Elevated Construction and Remodeling is a Sellersburg, Ind.-based business that was founded about 25 years ago. It services Jefferson, Oldham and Bullitt counties in Kentucky, and Clark, Floyd, Scott and Harrison counties in Indiana. It offers roofing, deck, remodeling and additions services. William Harbison, a member of Seiller Waterman LLC, is representing Elevated Construction in its bankruptcy case. “This small-business case is a perfect example of why Congress chose to streamline the Chapter 11 bankruptcy process to make it a more affordable and realistic option for businesses that deserve to be saved, but would have been priced out of a traditional chapter 11 process,” Harbison wrote in a statement to Business First. “Elevated experienced many of the problems that small businesses faced during the pandemic, including the loss of key contributors to illness for extended periods. But Elevated can be profitable again and can continue to contribute to the local community and economy. Elevated will use the tools that Chapter 11 offers to reorganize its debt in a way that is transparent and fair to all of its stakeholders, including its vendors and customers, and it looks forward to serving Southern Indiana for years to come." The company has less than $50,000 in assets, according to the bankruptcy filing. Its estimated liabilities total between $100,001 and $500,000.
