Renaissance Homes showed signs of financial trouble before filing for bankruptcy last Thursday. Unpaid contractors filed liens on Renaissance properties as home sales slowed, prompting the company to refinance debts, sell land and lure investors.
Renaissance Homes showed signs of financial trouble before filing for bankruptcy last Thursday. Unpaid contractors filed liens on Renaissance properties as home sales slowed, prompting the company to refinance debts, sell land and lure investors.
Middlebury-based Patriot Homes, Inc. has filed for Chapter 11 bankruptcy protection. The Elkhart Truth reports the company is citing a downturn in the housing market and a tightening of the credit markets for its need to reorganize.
Charlotte home builder Classic Southern Homes Inc. has filed for Chapter 7 liquidation, according to a company filing in U.S. Bankruptcy Court here.
Plano-based Sheridan Homes of Texas is among at least four North Texas home builders to file for bankruptcy protection this year as the housing industry continues to struggle nationwide.
Legend Homes, which faced a potential death sentence in bankruptcy court, has struck agreements with its lenders to build for another day.
Woodside Group LLC, one of the nation’s biggest closely held home builders, sought bankruptcy-court protection Tuesday, the latest developer brought down by the collapse of the nation’s housing market. The filing, made in U.S. Bankruptcy Court in Riverside, Calif., was expected after Woodside, the Utah-based parent of Woodside Homes Corp., reached a deal last month with lenders and investors owed some $742 million.
