ANCHORAGE (AP) -- An Anchorage construction contractor said Kmart Corp. owes his company and several other local contractors for work to renovate four Alaska stores last year. Kmart has filed for reorganization and protection from creditors in U.S. Bankruptcy Court.
Greg Romack, president of Davis Constructors & Engineers Inc., said he believes Kmart purposely delayed paying the construction debt until the filing. The chain filed the Chapter 11 bankruptcy petition Tuesday in Chicago.
Romack said he'll put his claim in with other creditors in the case, the largest involving a retailer in U.S. history.
Mike Wilson, Alaska district manager for Kmart, said it was ''ridiculous'' to say Kmart stalled on paying the debt. He said the company didn't decide to file in Bankruptcy Court until the last minute.
Romack said his company is due about a third of the $1.5 million owed on jobs to put in grocery sections in two Anchorage Kmarts plus stores in Fairbanks and Juneau. The rest of the money is owed to subcontractors.
Peninsula Clarion © 2015. All Rights Reserved. | Contact Us