Caruso Homes' Reorganization Plan Gets OK
Judge F. Schneider of the U.S. Bankruptcy Court for the District of Maryland confirmed Caruso Homes' Chapter 11 reorganization plan Sept. 1. The Washington-area homebuilder had filed for bankruptcy in June 2008, a victim of the flagging house prices and bad mortgages of the subprime credit crisis.
Under its reorganization plan, the company will share some...
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