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Home Builders

Chapter 11

June 11, 2009 Rolling Mill Hill, Nashville TN


Rolling Mill Hill condos head into receivership

Lenders have seized control of another Nashville condo project.

Rolling Mill Hill

June 4, 2009 - Prospect Homes of Richmond Inc., Richmond VA


Prospect Homes of Richmond Inc., one of the area's largest builders, has filed for bankruptcy protection. Prospect Homes

June 4, 2009 - The Kirk Corporation, Bolingbrook IL


Founded in 1978, The Kirk Corporation, one of the only major builders in the U.S. which is entirely owned by its employees and has built more than 50 neighborhoods throughout Chicagoland filed for bankruptcy. Kirk Homes

May 1, 2009 - T.H. Properties, Harleysville PA


Homebuilder T.H. Properties files for bankruptcy TH Properties

March 31, 2009 - Jim Rhodes - Rhodes Design and Development Corp, Las Vegas NV


Las Vegas developer Jim Rhodes files for bankruptcy

Rhodes has been one of Las Vegas’ most successful and controversial developers and home builders.

Jim Rhodes - Developer

February 20, 2009 - John Laing Homes, Irvine CA


John Laing Homes files for Chapter 11

John Laing Homes

February 7, 2009 - Japan General Estate Company, Tokyo Japan


Condo developer Japan General files for bankruptcy protection

Japan General Estate Co. has effectively folded with liabilities of about ¥197.55 billion (approx $2 billion USD) brought on by the global financial turmoil and the deepening slump in the real estate industry.

Japan General Estate
Facing the music: Japan General Estate Co. President Makoto Nishimaru (center) and two other executives bow in apology Thursday at a press conference in Tokyo after the major condominium developer filed for bankruptcy protection.

Feburary 4, 2009 - Versant, Asheville N.C.


Versant Development in bankruptcy; embezzlement alleged


January 28, 2009 - Fulton Homes, Tempe AZ


Fulton Homes seeks protection from creditors, files Chapter 11

Fulton Homes




January 26, 2009 - Mercedes Homes, Melbourne FL


Mercedes Homes files Chapter 11

The company called itself the No. 20 home builder in the United States and their operations were spread throughout 13 markets.

Mercedes Homes NHQ Winner

January 25, 2009 - Pond View Village, Gloucester MA


A Grand Vision Fades

Developer of mixed-income housing village files for bankruptcy

Pond View Village

January 19, 2009 - Wall Homes, Arlington TX


Arlington-based Wall Homes files for bankruptcy

Recently hosted an episode of TV's Extreme Makeover: Home Edition, featuring a house built in a week for a needy family.

Wall Homes

January 12, 2009 - Tarragon Corporation, New York NY


Tarragon Files for Chapter 11 as Luxury-Market Bets Sour

Real-estate developer Tarragon Corp. filed for Chapter 11 bankruptcy protection Monday amid falling sales and a sharp downturn in the housing market

Tarragon's Las Olas River House

January 9, 2009 - Mosiac Condominium Towers, Houston TX


Mosaic's developer files Chapter 11 protection

The developer of the Mosaic condominium tower on the edge of Hermann Park has filed for bankruptcy protection, averting foreclosure of the 29-story building.

Mosiac Towers Houston

December 27, 2008 - Barratt American, Carlsbad CA


Carlsbad home builder Barratt American has filed for bankruptcy reorganization, derailed by the housing bust and a dispute with its key lender, Bank of America. City Square in Escondido

December 24, 2008 - Empyrean International, Acton MA


One of the granddaddies of the prefab home business; Empyrean International is boarded up. Dwell House

December 5, 2008 - Centerpoint Condominiums, Tempe AZ


The developer of the stalled Centerpoint condominium towers in downtown Tempe filed for bankruptcy on the project Friday after months of legal wrangling with its construction lender, Mortgages Ltd. Centerpoint

December 2, 2008 - Morimoto Co. Ltd, Tokyo Japan


Bursting Bubbles Smack Japan's Midsized Developers

Morimoto Co., declared bankruptcy Friday, scuttled by $1.7 billion in debt it could not repay.


December 2, 2008 - Kimball Hill Homes, Rolling Meadows IL


Another Home Builder Gone

Kimball Hill started building homes in 1939 to help his fellow veterans find the affordable, quality housing they needed. His vision is largely responsible for building the city of Rolling Meadows, Illinois.

Kimball Hill Homes

November 15, 2008 - Land Resource LLC, Orlando FL


The developer of a controversial marina community on the Georgia coast near Cumberland Island National Seashore has filed for Chapter 11 bankruptcy protection. Cumberland Harbour
Update January 4, 2009

November 13, 2008 - SunCal Marblehead LLC, San Clemente CA

SunCal Marblehead LLC Files Bankruptcy

Filing Chapter 11 will allow another lender to come in and fund the completion of several outstanding projects at Marblehead Coastal.

Marblehead Coastal

November 6, 2008 - Village Homes of Colorado, Denver CO


Village Homes of Colorado Inc, one of metro Denver’s largest homebuilders filed Chapter 11 bankruptcy reorganization on Nov. 6 Village Homes

October 28, 2008 - Brown Family Communities, Tempe AZ


Brown Family Communities closed its doors Friday after more than three decades in the business Brown Family Communities

October 15, 2008 - Laketown Wharf, Panama City FL


The massive Laketown Wharf project has filed for Chapter 11 Lake

August 4, 2008 - WCI Communities, Bonita Springs FL


Icahn-led WCI Communities files for bankruptcy WCI

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