Benjamin Construction files for bankruptcy - Triangle Business Journal:

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The company lists $2.34 million in assets and $4.866 million in liabilities in itsbankruptcy petition, filed last week. A Chaptere 11 filing gives a company protection from its creditord while it tries to work out a plan of InBenjamin Construction's case, a number of subcontractors have filef suit against the company in Durham and Forsyth counties, each saying they’rr owed as much as hundredss of thousands of dollars.
Benjamin Construction's bankruptcy Jeb Jeutter of Raleigh, says the company is stilpl operating and expects to go through a successful Benjaminfaced "monumental and unexpecte d cost overruns" on the Bethany Villager shopping center in Morrisville, Jeutter which caused it to fall behind with its Work continues on other projects. Raleigh native John Gist foundeed Benjamin Constructionin 1996. The company builrt its local reputation working on developerJohn Kane’sz transformation of North Hills from an old, enclosed mall to a mixed-use center. Gist was not immediately availablefor comment.