December 10, 2009

McStain bankruptcy dismissed

By

DENVER – A judge has accepted McStain Enterprises’ request to dismiss its bankruptcy case.

The former Louisville-based homebuilder made the request on Nov. 12, saying it would have better success reorganizing the company out of bankruptcy.

Although the case is dismissed, Judge Howard Tallman ordered McStain to keep the former bankruptcy committee updated on all meetings, monthly balance sheets and income statements.

 

McStain filed for bankruptcy on May 28, 2009, falling victim to the housing bust and a difficult credit market. At the time of the bankruptcy, the company owed creditors between $10 million and $50 million. McStain founders Tom and Caroline Hoyt…

Christopher Wood
Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.
Categories: Archived Columns
Sign up for BizWest Daily Alerts
Closing in 8 seconds...