Renaissance Homes Files For Ch. 11

Law360, New York (September 26, 2008, 12:00 AM EDT) -- Luxury home builder Renaissance Custom Homes LLC filed for Chapter 11 protection on Thursday, blaming the dismal real estate and credit markets for its slump.

Renaissance filed its petition in the U.S. Bankruptcy Court for the District of Oregon, listing estimated assets between $50 and $100 million and a similar amount of liabilities. The company said it planned to reorganize its financial affairs while continuing to build homes for clients.

The Portland, Ore.-based company filed bankruptcy for three of its companies, including Renaissance Custom House LLC,...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.