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Copacali Homes Inc. - Atlanta home builder
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2008-09-16
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stories: bizjournals.com
The Atlanta Business Chronicle reports that Canton-based (outside Atlanta) Copacali Homes Inc. filed for Chapter 7 bankruptcy protection on September 16 (Additionally, affiliates Copacali Homes & Properties LLC and Copacali Communities Inc. also filed at the same time). Searches for additional information on Copacali have turned up no further details about the size of the company, which the ABC describes as "smaller". We are classifying them as a "tiny" implosion, as such.
Further information on Copacali Homes can be sent to us here.
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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.