Harbor Custom Development (NASDAQ:HCDI) has voluntarily filed for defense beneath Chapter 11 of the U.S. Bankruptcy Code, the corporate stated Monday.
The firm stated the chapter was filed within the Western District of Washington at Tacoma.
Harbor stated it filed quite a lot of customary first day motions with the court docket that can enable it to proceed working within the unusual course of enterprise whereas it prepares a reorganization plan.
HCDI stated it can proceed to market and promote completed tons and houses and to function multi-family tasks as they work in direction of stabilization.
Press Release.
