Gemcraft Homes, Inc. filed for chapter 11 bankruptcy protection yesterday at the United States Bankruptcy Court for the District of Maryland. The Forest Hill, MD-based homebuilder is a production builder targeting first-time buyers and retirement buyers.
According to Court documents, the debtors have reduced their staff from 400 to 81 employees and closed six of their seven offices.
Monitor new chapter 11 filings with a daily emailed list in excel format. Contact Ken at ktroubh@nationwideresearch.com for details.
Need to learn about new chapter 11s as the happen? We can help. Contact Ken at ktroubh@nationwideresearch.com for details of our case notification service.
Search our database of 7000 chapter 11s at www.chapter11library.com
Learn about our Chapter 11 notification service. Contact Ken at ktroubh@nationwideresearch.com for details.
New World Acquisition LLC submitted a Plan of Reorganization for Fremont General Corporation at the United States Bankruptcy Court/Central District of CA.
Search our database of 7000 Chapter 11 cases at www.chapter11library.com
SFO unsecured claims ($420M allowed) to receive an estimated recovery of 31.2%-47.1%. SFI unsecured claims ($1.35B allowed) to receive an estimated recovery of 3.2%-4.8%. (Source: Disclosure Statement)
Plan must be confirmed by the Bankruptcy Court to become effective.
Search our database of over 7000 chapter 11 cases at www.chapter11library.com
On November 5'th, the United States Bankruptcy Court, Northern District of New York issues an Order approving the Disclosure Statement for the debtors' Plan of Liquidation.
Search our database of chapter 11 cases at www.chapter11library.com
Be notified of every chapter 11, every day! Contact Ken at ktroubh@nationwideresearch.com today.
The petition lists assets of $363 million and debts of $331 million.
Sign up for our chapter 11 case notification service now! Contact Ken at ktroubh@nationwideresearch.com for details!
Source: www.chapter11library.com