Louisiana electrical contractor Total Instrument & Electrical Services, Inc. filed for Chapter 7 bankruptcy relief on December 23, 2020, according to the US Bankruptcy Court for the Eastern District of Louisiana. Contractors, material suppliers, and equipment lessors make up 55 of the company’s 97 reported creditors.
Total Instrument & Electrical Services, headquartered in Houma, Louisiana, claims in their filing that they owe $3,003,422.99 in debt to 97 creditors. The company reports $2,296,691.01 in total assets.
In the last two years, Total Instrument experienced an 87.6% decrease in gross revenue, according to the bankruptcy petition.
From January 1, 2020 until the filing date, the contractor reports earning $677,961.65 in gross revenue. In 2019, the company reportedly earned $2,553,215 in gross revenue — accounting for a 73.4% decrease in gross revenue between 2019 and the bankruptcy filing date. In 2018, Total Instrument & Electrical Services reported earning $5,481,730 in gross revenue.
Total Instrument’s owner, Danny LeBlanc, is among the list of creditors with two separate nonpriority unsecured claims. The largest claim is worth $147,036.44 for “owner contributions to [the] company.” The second claim, for $12,633, is for bills paid out by LeBlanc on the behalf of Total Instrument & Electrical Services.
LeBlanc is also the registered agent for subsidiary Total Instrument & Electrical Services, Generator Division, LLC — currently reported as “not in good standing for failure to file annual report.” The last annual report on record was filed on June 26, 2019.
Total Instrument & Electrical Services’ contractor’s license is set to expire in April of 2021, according to Louisiana State Licensing Board for Contractors.
Bankruptcy relief under Chapter 7, commonly referred to as “liquidation,” requires a trustee to sell off the debtor’s assets in order to fund creditors. Liquidation involves only the sale of the debtor’s nonexempt property.
Creditors
The electrical contractor reports four secured claims worth a combined $523,642.67. Unsecured claims total $2,479,780.32 to 93 creditors.
In addition to an unsecured claim, Cajun Cutters is listed as a creditor with a secured claim worth $231,282.71 for skid manufacturing.
Measurement technology supplier VEGA Americas Inc. is also listed as a creditor with an unsecured claim and a secured claim, both of which are worth $61,230.65 in unpaid materials.
Total Instrument reports seven priority unsecured claims worth a combined $218,982.32. Four of the priority unsecured claims are held by the IRS for income and payroll taxes, totaling $209,268.65.
Of the 86 creditors with nonpriority unsecured claims, 55 creditors are contractors, material suppliers, or equipment lessors:
- Acme Truck Line, Inc. – $4,937.17
- Airgas USA – $569.32
- Anixter – $10,114.43
- Axis/Quality Machine Shop – $869.75
- Bayou Black Electric – $19,465.09
- BBP Sales – $4,182.53
- Buckhorn Rentals – $2,051.54
- Cajun Cutters – $200,000
- Canon – $2,767.29
- Corporate Works – $1,237.17
- DISA – $794
- Gator Equipment Rentals – $109.40
- Gexpro – $99,061.87
- Herc Rentals – $1,178.88
- Industrial Instrument Works – $145
- Jamison Products – $7,227.13
- John H. Carter Company – $16,327.22
- Johnson Controls Fire Protection – $2,807
- KCK Equipment LLC – $7,031.34
- Measurement Technologies Inc. – $201,399.94
- Mezco Fabrication – $12,633.75
- MG Automation & Controls Corp. – $14,328.72
- Moody Price – $11,203.68
- MRC Global – $5,427.63
- Nance International – $8,345.92
- Nationwide Skilled Trades – $9,946.88
- Nu-Lite Electrical Wholesalers – $4,940.60
- O’Reilly Automotive – $41.73
- Oglaend System US LLC – $396.40
- Ojay Enterprises, LLC – $25.50
- Oliver H. Van Horn Co LLC – $71.57
- Petronyx, LLC – $5,256
- Purchase Power – $324.45
- Rexel of America, LLC – $68.09
- Rieth Corporation – $953.72
- Rio Marine, Inc. – $513.52
- Rogers Pest Control – $850
- Saia Motor Freight Line – $667.43
- ServiceMaster Quality Services – $767.08
- Spartan Industrial Products – $428.95
- Specialty Electrical Sales – $1,726
- Star Engineering Services, Inc. – $244,829.17
- TAW Power Systems – $533.03
- Testek Inc. – $1,600
- The Fiber Optic Marketplace, LLC – $13,791.44
- The Gauge House – $110
- Tube Fitting Specialties – $1,643.57
- United Rentals – $20,122.84
- Valley Supply Co of Houma – $3,402.17
- VEGA Americas Inc. – $61,230.65
- Vinyl Products LLC – $219.90
- Wayne Enterprises Inc. – $1,462
- Weschler Instruments – $5,282.13
- WESCO – $5,376.43
- Wholesale Electric Supply Co. – $16,385.38
Pending legal cases
Beyond being listed as a creditor with both a secured and unsecured claim, VEGA Americas Inc. is also named in the bankruptcy filing for having a pending collections case with the 32nd Judicial District Court for Terrebonne Parish.
According to the bankruptcy filing, a judgement debtor ruling in VEGA Americas’ case against Total Instrument & Electrical Services is scheduled for February 12, 2021.
The second pending legal case involves the recovery of unpaid wages. The case is still pending with the 38th Judicial District Court for Cameron Parish, according to the bankruptcy filing.