Navigation

Current news for this company:

Dale Thompson Builders - Maryland homebuilder

Search

 

2009-07-30

Comment on this article | Subscribe by email!

stories: explorehoward.com

Columbia, Maryland home builder Dale Thompson Builders (website:dalethompsonbuilders.net) has filed for Chapter 11 bankruptcy according to an article on explorehoward.com. The article noted:

Thompson, of Clarksville, filed the paperwork June 5 in U.S. Bankruptcy Court for the District of Maryland. The paperwork states the bankruptcy is due primarily to business debts and lists roughly $33.8 million in secured debt and $29 million in unsecured claims, with assets around $3.3 million. ...

Dale Thompson Builders has been struggling for months, shutting down its Columbia office and seeing some of its lots and model homes sold off at auction to pay company debts. The company, which has been in business for 22 years, has been saddled with more than two dozen lawsuits in the past year.

If you have any more information regadring this "tiny implosion," such as peak closings per year or number of employees affected, please comment below or email us!

permalink to this record | forum thread


Comments: Be the first to add a comment

add a comment | go to forum thread

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.