GREEN ISLAND, N.Y. — John V. Warren Inc., a mechanical construction firm based here filed for Chapter 7 bankruptcy liquidation on Thursday, the Albany Times Union newspaper reported.
The contracting firm, which was founded in 1946 to do pipe construction at oil terminals at the ports of Albany and Rensselaer, appears to have encountered financial problems dating back to last year.
Bankruptcy records show that in March, an auction was held for the company's equipment, supply stock and even office furniture in connection with $2.5 million owed to TD Bank.
Local unions have also claimed in civil lawsuits that the company fell behind on union pension fund contributions, the Times Union reported.