Current news for this company:
MBD Inc. - California Home Builder
Chico, California-based home builder MBD Inc. has filed for Chapter 11 bankruptcy protection. MBD was founded by Andrew Meghdadi and built nearly 60 homes a year at peak. Per an article on the bankruptcy filing:
We can't help but be a bit skeptical regarding these expectations: Meghdadi is only building about one house a month currently.
If you can provide any further details on MBD's bankruptcy filing, please comment below or email us.
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.