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Real Estate Co. DBSI Moves Into Bankruptcy

Law360 (November 10, 2008, 12:00 AM EST) -- Real estate investment company DBSI Inc. and a slew of affiliates filed for Chapter 11 protection on Monday, citing factors including a “moribund” real estate market and an inability to raise capital from investors or obtain new lending to continue operations.

Meridian, Idaho-based DBSI Inc. and more than 100 affiliates filed petitions Monday in the U.S. Bankruptcy Court for the District of Delaware, and asked that the cases be jointly administered. DBSI Inc.'s petition listed liabilities and assets both in the $100 to $500 million range....
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