http://www.richmondbizsense.com Richmond's Homepage For Business News Thu, 09 Feb 2012 23:46:57 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://www.richmondbizsense.com/2011/04/27/french-bankruptcy-approved/ http://www.richmondbizsense.com/2011/04/27/french-bankruptcy-approved/#comments Wed, 27 Apr 2011 17:17:42 +0000 Al Harris http://www.richmondbizsense.com/?p=28330 A U.S. bankruptcy judge has approved the involuntary bankruptcy petition against fallen developer Justin French. Three banks petitioned for the Chapter 7 bankruptcy; Paragon Commercial Bank, Franklin Federal Savings Bank and Citizens Bank & Trust say they are owed a combined total of $2.47 million from bad real estate loans. Earlier this month, French’s lawyer ]]> http://www.richmondbizsense.com/2011/04/27/french-bankruptcy-approved/feed/ 0 http://www.richmondbizsense.com/2009/06/04/local-builder-files-for-bankruptcy-protection/ http://www.richmondbizsense.com/2009/06/04/local-builder-files-for-bankruptcy-protection/#comments Thu, 04 Jun 2009 10:37:11 +0000 Al Harris http://www.richmondbizsense.com/?p=8115 Prospect Homes, a local homebuilder for more than 25 years, filed for Chapter 11 bankruptcy Tuesday. The company owes more than $50 million to hundreds of creditors. Many businesses listed as creditors were not surprised by the news, as checks had been late in arriving for at least six months. But several local business owners said they kept working with Prospect after Audi met with them, in part because they wanted future work and had known the company for decades. ]]> http://www.richmondbizsense.com/2009/06/04/local-builder-files-for-bankruptcy-protection/feed/ 1