Bender owes $37.6M

MOBILE, Ala. - Bender Shipbuilding & Repair Co. owes its 20 largest unsecured creditors more than $37.6 million, according to documents filed this week in U.S. Bankruptcy Court. Bender has yet to reveal its debt-to-assets ratio in court. The 91-year-old Mobile business filed for Chapter 11 reorganization a week ago, forced to take that action after four of its creditors filed suit in an effort to force Bender's liquidation to pay debts. (Source: Mobile Press-Register, 07/08/09)