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MoneyTalks - > Money Talks -> Dunmore bankruptcy, local fallout
Dunmore bankruptcy, local fallout

Lawyers should do OK in the real estate bust if the Dunmore Homes bankruptcy is any indication. The Sacto developer's downfall (it has turned into a liquidation case) has created a nasty swamp of legal action.

Small companies, however — including many in Bakersfield — have  bitter pills to swallow. They're not likely to get much from bankruptcy proceedings. Most pay out-of-pocket for work and materials they supply. For them, those expenses are a total loss.

Here's our full story on local fallout from Dunmore's demise. You'll also find links to previous articles in the Developer Default series.

 

-- Gretchen Wenner, staff writer

 

Posted in these Groups:
Topics: Dunmore Homes, Real Estate, bakersfield, developer, default, Bankruptcy
posted by MoneyTalks on Monday, May 5, 2008 at 07:05 PM
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