Gemcraft Homes, Inc. Files For Chapter 11

Debtor Name:  Gemcraft Homes, Inc.

Year Filed:  2009

Jurisdiction:  United States Bankruptcy Court / District of Maryland

Asset Size:  100,000,001 to 500,000,000

Case Number:  09-31696

Industry:  Construction/Engineering, Homebuilder

Gemcraft Homes, Inc. filed for chapter 11 bankruptcy protection yesterday at the United States Bankruptcy Court for the District of Maryland.  The Forest Hill, MD-based homebuilder is a production builder targeting first-time buyers and retirement buyers.

According to Court documents, the debtors have reduced their staff from 400 to 81 employees and closed six of their seven offices.  

Monitor new chapter 11 filings with a daily emailed list in excel format.  Contact Ken at ktroubh@nationwideresearch.com for details.