Builder Bankruptcy Tracker

Oct 16 2008 ∞
“ In a statement late Wednesday, Bardis called the bankruptcy filing a “difficult decision” and an “essential step in continuing to demonstrate that we take our obligations to creditors very seriously.
— Sacramento Business, Housing Market News | Sacramento Bee
Oct 02 2008 ∞

Builder faces a mountain of debt

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.
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Builder faces a mountain of debt

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.
Sep 30 2008 ∞

Northern Indiana Home Builder Announces Bankruptcy - Inside INdiana Business with Gerry Dick

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.
Sep 24 2008 ∞
“ We’ve tried everything that we can,” he said. “I definitely wanted to continue. It wasn’t a choice that we made without a lot of thought and advice from CPAs and legal advice, as well.
— Builder Legacy Homes shuts down after 30 years - Grand Rapids, Michigan Business News - The Grand Rapids Press – MLive.com
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Charlotte home builder files for Chapter 7 - Charlotte Business Journal

Charlotte home builder Classic Southern Homes Inc. has filed for Chapter 7 liquidation, according to a company filing in U.S. Bankruptcy Court here.
Sep 22 2008 ∞
“ What was amazing was how fast all of it started to crash,” Macauley said. “I still believed I could get through anything. But there was a point at the end of the first quarter when I realized that there was just no way.
— Builder’s bankruptcy was ‘greatest learning experience’ - Atlanta Business Chronicle:
Sep 19 2008 ∞

North Texas home builder Sheridan is latest to file for bankruptcy | Star-Telegram.com

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.
Sep 18 2008 ∞

Legend builds again - OregonLive.com

Legend Homes, which faced a potential death sentence in bankruptcy court, has struck agreements with its lenders to build for another day.
Sep 17 2008 ∞

Woodside Files For Chapter 11 - WSJ.com

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.
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