Village Homes of Colorado, which survived Denver’s dot-com bust, has filed for Chapter 11 bankruptcy protection, according to the Rocky Mountain News.
Citing “inappropriate actions” by lenders, Village Homes has $138.4 million in debt and $103.8 million in assets, according to documents filed in federal bankruptcy court Thursday, the paper said.
Based in Greenwood Village, Colo., Village Homes was honored as America’s Best Builder in 2002 by NAHB and BUILDER. It was known as an innovator, thanks to its embrace of high-tech home features such as home automation, home theaters, and more.
Alison Rice is senior editor, online, at BUILDER magazine.
Learn more about markets featured in this article: Denver, CO.
