Norfolk, Virginia-based FRB, LLC initiated bankruptcy proceedings on September 7, 2026. The company does business as Chesapeake Bay Steel, a structural steel fabrication and erection contractor. Court records do not show the reasons that may have led to the filing.
Note: A Chapter 11 bankruptcy filing allows a business to reorganize its debts and restructure its obligations while continuing through the bankruptcy process. A Chapter 11 filing does not necessarily mean a business is closing or going out of business. For additional information, readers are encouraged to contact the business directly.
FRB, LLC Files for Bankruptcy
PACER records show that the proceedings are taking place in the U.S. Bankruptcy Court for the Eastern District of Virginia. Regina Sergiyenko, the company’s president, signed the petition before it was filed.
The filing comes as the metal fabrication industry faced falling steel prices and weaker seasonal demand in last year’s final quarter.
According to Corporate Finance Associates, structural steel prices fell 6.63% in late 2025, while steel production also dropped by about 140,000 to 150,000 tons per week during maintenance work. The industry also faced a seasonal drop in demand during the period, adding to the pressures of different metal fabrication businesses.
Case Related Details
Court records show that the company was involved in a foreclosure action involving property at 3460 Strathmore Ave. in Norfolk. The foreclosure was scheduled for September 8, 2026, at 10:20 a.m.
The records include a list of equity security holders, which shows that Regina Sergiyenko holds 100% ownership in the company.
FRB, LLC has listed between 50 and 99 creditors in the petition. Among the listed unsecured creditors are Airgas, Caligari Gerloff Painting, South Atlantic Galvanizing, Honest Funding, Union Funding Group, and Star Capital.
Attorney Christopher M. Winslow of Winslow, McCurry & MacCormac, PLLC is representing the company in court.
A summary of the Chapter 11 petition is given here:
- Filing Date: September 7, 2026
- Court and Jurisdiction: U.S. Bankruptcy Court for the Eastern District of Virginia
- Type of Filing: Active, Voluntary Petition
- Chapter: 11
- Case Number: 26-72437
- Estimated Assets: Between $1,000,001 and $10 million
- Estimated Liabilities: Between $1,000,001 and $10 million
- Estimated Creditors: Between 50 and 99
About the Company
Chesapeake Bay Steel operates as a structural and miscellaneous steel fabrication and erection company. Founded in 1962, the company primarily works with general contractors and provides fabrication and installation of steel components for construction projects. Offerings include structural steel, railings, stairs, ladders, canopies, and other steelwork.
The company’s website shows that the company secured a contract for the Old Dominion Convocation Center in 2000. It adds that Regina Sergiyenko acquired the company in 2022, which operates as an AISC-certified fabrication shop. The company also holds a Virginia Class A contractor license.
As the bankruptcy proceedings move ahead, Chesapeake Bay Steel’s operations are expected to continue as normal.
