Current news for this company:
Construction Compliance Inc. (CCI) - Residential
Construction Compliance Inc., a St. Petersburg, Florida-based home builder filed for Chapter 11 bankruptcy on April 3, 2007. The Southwest Florida Herald Tribune reported that, "the troubled home builder listed total assets of $8,932,458.12 against total debts of $10,951,811.77."
Further to the Tribune's article, CCI left nearly 500 homes either "uncompelted or unstarted".
An article from the St. Petersburg Times noted the following regarding CCI's peak operations:
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Important: This company is on our list of builder operations that have "imploded" (see also ailing lenders). This is a somewhat subjective call, and does not necessarily mean total shutdown or bankruptcy. It can also mean steep and rapid declines in enterprise value; or abnormal "bail-out" by corporate parents or peers in order to continue to operate. The builders may be residential or commercial.