Current news for this company:
EnCap Golf Holdings - Developer / Home builder
EnCap Golf Holdings a New Jersey company that was set to build "thousands of homes" and golf courses above entombed landfills filed for Chapter 11 bankruptcy protection. The filing came a day after the Meadowlands Commission, a New Jersey regulatory agency, determined to sever ties with EnCap. Per NJ.com:
The article goes on to note that EnCap lists liabilities/assetse in a range between $100 to $500 million.
Comments: Be the first to add a comment
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
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.