Prospect Homes Lists Largest Creditors

Richmond, Virginia.  Home builder, Prospect Homes of Richmond, Inc., is to file with the bankruptcy court its schedules of assets and liabilities and its statement of financial affairs by July 2, 2009.  These filings will disclose the full financial picture of Prospect Homes.

In its bankruptcy filings, Prospect Homes’ 20 largest bankruptcy creditors were listed as: SunTrust Bank, Farmville Investment Group, Regions Bank, Wachovia bank, Branch Bank & Trust, First Market Bank, Franklin Federal Bank, C&F Bank, Virginia Commonwealth Bank, Old Dominion Floor Co., American Applicators, Inc., Danny Smith, Inc., Village Bank, Carefil Inc., Richmond Decorating Center, JSC Concrete Construction, Creative Wood Products LLC, Brossfield Landscaping LLC, Ronco Plumbing, and Wolfe Distributing Company.

No deadline has been set yet for the filing of proofs of claim in Prospect Homes’ bankruptcy case.

Prospect Homes filed for bankruptcy protection under Chapter 11 on the Bankruptcy Code on June 2, 2009 in the Richmond Division of the U.S. Bankruptcy Court for the Eastern District of Virginia.

Prospect Homes’ primary business is new home construction.  New home builders and those in the construction industry have been severely impacted by the recession.