Current news for this company:
Meyer-Sutton Homes, Inc. - Residential
Georgia home builder Meyer-Sutton Homes Inc. filed for Chapter 11 bankruptcy protection on June 4th of 2007. Per an AP article on their filing:
The article goes on to note that Meyer-Sutton was founded in 1994 and had $36 million in revenue in 2006. They intend to remain open throughout the bankruptcy proceedings.
builderman at 16:58 2008-11-19 said:It is a sad state of affairs but the owner of Meyer Sutton Homes in Georgia, took his own life on 11/15/08. He will be missed. http://www.fayettedailynews.com/article.php?id_news=2530 Permalink
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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.