USA Capital files bankruptcy
Wednesday, April 19, 2006
More signs of a Reno Housing Bubble? USA Capital is an affiliate of Tanamera Homes(a major Reno Builder) and ~20 other companies that should be feeling the pinch right about now.
From the USA Capital website,
"USA Commercial Mortgage Company announced on April 13, 2006 that it and certain of its affiliates have filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code... "
More information here.
If you are an investor with USA Capital, then you may be interested in this.
posted by author @ 6:54 PM,
