Thursday, October 9, 2008

Classic Southern Homes (NC Homebuilder) Files Chapter 7 Bankruptcy

Charlotte home builder Classic Southern Homes Inc. has filed for Chapter 7 liquidation, according to a company filing in U.S. Bankruptcy Court here.

The company has more than 50 creditors, and its debts are between $1 million and $10 million, the filing states.

Court documents say Classic Southern has between $100,000 and $500,000 in assets.

Classic Southern was launched in 1998. The company is at 526 Sedgewood Lake Drive, near Randolph and Wendover roads.

According to its Web site, Classic Southern builds and renovates homes for “the discriminating client.”

Classic Southern Homes’ attorney, A. Burton Shuford, couldn’t be reached for comment.

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