Heritage Homes - Puget Sound-area residential builder

Search

2008-07-07

Comment on this article | Subscribe by email!

We don't have much on this company, but apparently they've filed bankruptcy:

Parry recently filed for Chapter 11 bankruptcy and is trying to offload the speculative homes in King County that have been his livelihood for the past two decades. The largest claims against his small company from his creditors — including several local banks — total more than $4.5 million, according to bankruptcy filings.

permalink to this record | forum thread

Comments: Be the first to add a comment

add a comment | go to forum thread

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.