King architectural metals has filed for Chapter 11 bankruptcy protection, the company said on Monday.
King said in a statement it was filing for Chapter 13 bankruptcy protection after a $6 million payment to creditors.
It said the payment was made in November 2016 and is subject to the terms of a $25 million payment made to creditors in December 2016.
The company has been plagued by delays and delays in payments to creditors, including $14.5 million it was due in November.
King’s financial woes came after the company received a $16.4 million federal bailout in 2015.
King said it would not be able to meet the debt service payments due to the lack of available credit.
King, which has a headquarters in Toronto, has been a victim of the downturn in the construction industry.
The company had reported a loss of $8 million for the third quarter of 2017, compared with $8.7 million for all of 2016.
King filed for bankruptcy protection in October, citing debt.
The company was the latest Canadian company to file for bankruptcy in recent years.