Content about Insolvency law

July 6, 2011
Arizona home builder to exit Chapter 11

Fulton Homes, one of Arizona’s largest privately-owned home builders, has announced the confirmation of its reorganization plan in U.S. Bankruptcy Court.

Fulton Homes, one of Arizona’s largest privately-owned home builders, has announced the confirmation of its reorganization plan in U.S. Bankruptcy Court. The company filed for Chapter 11 in 2009.

April 8, 2011
Fiesta Gas Grills files for Chapter 7

According to a report in the Nashville Business Journal, Dickson, Tenn.-based Fiesta Gas Grills filed for Chapter 7 bankruptcy protection. 

According to the article, the company listed more than $35 million in liabilities and $15,000 in assets, with the largest secured creditor being Ontario-based Wolfdale Engineering, maker of propane cylinders.

March 15, 2011
Reno lumberyard to close

B&C Builders, a 38-year-old lumberyard in Sparks, Nev., is closing on March 31, according to an article in the Reno Gazette Journal. 

The owners said that a lack of construction has forced them to shutter their doors. The company has about $250,000 to $275,000 worth of inventory, which it may dispose of through a liquidation sale or an auctioneer.

Both owners wanted to get out of the business before they had to declare bankruptcy.

January 7, 2011
Roper Bros. bankruptcy sparks family lawsuit

The Chapter 11 bankruptcy filing of a century-old lumberyard business in Petersburg, Va., has resulted in a legal battle between family members, according to an article in the Progress-Index.

December 29, 2008
Hines Horticulture purchased by creditor

A private equity firm has received bankruptcy court approval to purchase the industry’s largest green...

November 3, 2008
Big-box construction firm files Chapter 11

A northern New Jersey firm known for building shopping centers and big-box stores has filed...

September 21, 2008
In recovery

A succession of builder bankruptcies in California, Arizona, Wisconsin, Utah and other parts of the...

September 16, 2008
Dos and don’ts for the unsecured creditor

A succession of builder bankruptcies around the country have tightened credit policies at most lumberyards,...

September 15, 2008
Hines Horticulture secures financing

The industry’s largest supplier of green goods, which filed a Chapter 11 bankruptcy petition on...

September 4, 2008
PDIS to address credit management, post-bankruptcy collections

A credit manager and a commercial bankruptcy attorney will give expert advice on how to...

August 27, 2008
Charlevoix Homes files for bankruptcy

The company listed up to $50 million in liabilities to its creditors....

August 25, 2008
Hines Horticulture seeks to sell assets to Black Diamond

Black Diamond, which is Hines' largest unsecured creditor and the holder of a majority of...

August 24, 2008
Tailor Made Homes files for bankruptcy

According to the filing, Tailor Made owes debts to a number of local building materials...

June 11, 2008
Oregon home builder files for bankruptcy

Under the name Legend Homes/Matrix Development, the builder filed for bankruptcy protection at the Portland,...

March 2, 2008
Atlanta-based Wheeler’s declares Chapter 11

Wheeler’s Building Materials, the Atlanta-based pro dealer, filed for Chapter 11 bankruptcy protection in federal...

January 29, 2008
TOUSA files for bankruptcy

The filing includes TOUSA Homes, Newmark Homes and entities that represent all their brands --...

November 13, 2007
Hoboken Flooring goes bankrupt

The largest distributor of hard surface flooring in the Northeast has filed for Chapter 7...

October 31, 2007
Levitt and Sons declares bankruptcy

The Florida-based home builder, hit hard by credit market deterioration, lists $1 million in assets...

September 13, 2007
Bankruptcy judge gives green light to Kara Homes reorganization

The East Brunswick, N.J., home builder filed for Chapter 11 protection in U.S. bankruptcy court...