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November 10, 2009

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.

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