Apex Pavers Inc. has voluntarily pursued bankruptcy proceedings. The pool and paving construction company from Stuart, Florida has entered the proceedings after more than 18 years of operations.
Apex Pavers Inc. Enters Bankruptcy Proceedings
The construction company made its Chapter 11 filing on March 19, 2026. Court records can be found on PACER.
Apex Pavers Inc. is intending to restructure its finances through the current process. Operations are expected to continue as normal under the guidance of the court.
The process is underway in the U.S. Bankruptcy Court for the Southern District of Florida.
Company Background
Apex Pavers Inc. designs and constructs a wide range of custom inground pools, paver driveways, spas, walkways, patios, and other outdoor spaces. Its offerings are outdoor kitchens, AI-supported project visualization, and other outdoor living features.
According to the company website, it has operated in South Florida and the Treasure Coast through the years. As a licensed construction company, it offers warranties for paver installations and pool shells.
Through the years, the company obtained many recognitions, including the 2025 Top 50 Pool Builder award from Pool & Spa News. It was also given the 2025 Treasure Coast Community’s Choice Award for Pavers.
The completed projects for its residential clientele span across different Florida counties, including Palm Beach, St. Lucie, and Martin.
Case Related Details
According to RK Consultants, Apex Pavers Inc. submitted a 77-page petition to the court. Ryan Paul Figman, the company’s president, signed the petition before it was filed. Court records also show that attorney Craig I. Kelley of Kelley Kaplan Delaney & Eller, PLLC, is legally representing the company in the case.
Further details of the Chapter 11 filing are:
- Filing Date: March 19, 2026
- Court and Jurisdiction: U.S. Bankruptcy Court for the Southern District of Florida
- Type of Filing: Active, Voluntary Petition
- Chapter: 11
- Case Number: 26-13373
- Estimated Assets: $1,000,001-$10 million
- Estimated Liabilities: $1,000,001-$10 million
- Reason for Filing: Restructure business under court supervision
As of now, the company owes between one and 49 creditors in total. Court filings indicate that funds will be available for distribution to the unsecured creditors.
A list of creditors who have the 20 largest unsecured claims and are not insiders was added in the petition. Some of these are American Express, John Deere Construction & Forestry Co, JRG Funding LLC, Prosperity Funding Group LLC, and Capital One.
A few more documents submitted by the company were a summary of assets and liabilities, a statement of financial affairs, a list of equity security holders, and verification of the creditor matrix. Schedules A/B, D, E/F, G, and H were submitted as well.
The outcome of Apex Pavers Inc.’s restructuring process is expected to be instrumental in determining its future financial footing.
