Thursday, February 14, 2013

Real estate companies top bankruptcy list

When the housing bubble burst in 2008, hundreds of real estate developers, contractors and homebuilders ended up at federal bankruptcy court.

While the biggest filings seem to have been resolved, ripples of the housing collapse are still evident at bankruptcy court.

Although the number of filings is down, of the biggest 10 bankruptcies in Oregon last year, roughly half were filed by developers, contractors, or other companies connected to the real estate industry, according to new research by American City Business Journals, the parent company of the Portland Business Journal.

Read the rest of the article at Portland Business Journal

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