Law360, New York (November 16, 2009, 4:39 PM ET) -- Champion Enterprises Inc., a maker of factory-built homes, and its U.S. operating units have filed for Chapter 11 protection, in an attempt to improve the company's capital structure through a sale of its operations.
The Troy, Mich.-based company filed its petition Sunday in the U.S. Bankruptcy Court for the District of Delaware, where it listed $576.5 million in assets and $521.3 million in liabilities. Its U.K. and Canadian operations are not included in the filing.
Champion, among the largest producers of modular housing in the U.S....
Housing Slump Prompts Champion Ch. 11 Petition
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