DECATUR, Ind. (WANE) – Innovative Building Systems, LLC, operator of All American Homes, is ceasing all manufacturing and business operations.
The company is based out of Mechanicsburg, Penn., but operates facilities in several states, including: Indiana, Iowa, Maine, New York, Virginia and others.
The Decatur facility is located at 1418 South 13th Street.
Company officials filed a notice with the Indiana Department of Workforce Development Friday – and said they’ll cease operations in ten days.
88 people are affected in Decatur and some were served termination notices as early as May 3. The company said all termination notices should be completed by May 13.
The notice said company officials attempted to work out a deal with its senior secured creditors and find potential buyers, but were unable to do so. The company has been unable to obtain necessary funding to continue operations. The notice also said the landlord at several of its locations served a “Notice of Termination of Lease.”
The company said it will attempt to seek relief by filing for Chapter 7 bankruptcy.