Content about Insolvency law

April 8, 2011

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

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

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

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

November 3, 2008

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

September 21, 2008

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

September 16, 2008

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

September 15, 2008

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

September 4, 2008

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

August 27, 2008

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

August 25, 2008

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

August 24, 2008

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

June 11, 2008

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

March 2, 2008

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

January 29, 2008

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

November 13, 2007

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

October 31, 2007

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

September 13, 2007

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

© 2014 Home Channel News. All Rights Reserved.