Current news for this company:
Lafferty Homes - California Home Builder
Mercury News wire reports that San Ramon, California-based Lafferty Homes has fild for Chapter 7 bankruptcy protection. According to the article:
Further to the article, the company's founder Richard Lafferty also declared personal bankruptcy.
The Lafferty Homes website (laffertyhomes.com) lists communities under development across California, including Oakdale, Palmdale and Lancaster.
We have been unable to find out more as to the size of Lafferty at peak. If you have any information regarding their peak building or employee levels, or can provide us with additional details regarding the specific circumstances surrounding Lafferty's implosion, please let us know.
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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.