Prospect Homes

The Docket: Circuit Court Roundup for 8.9.10

A meaty Docket this week, with an alleged life insurance fraud, and a hospital as commercial landlord trying to collect rent from a tenant and lots of businesses trying to collect past-due bills. Plus Henrico County alleged that a local super market violated zoning ordinances and a downtown bar gets sued by a woman who fell down the stairs.

Will turn of calendar signal new page for Richmond area?

As a new fiscal year begins, “green shoots” might be sprouting through the economy’s cracks. Then again, more than 20,000 workers are drawing unemployment benefits in the region, and bankruptcy filings are increasing by the month. In this piece, RBS takes a hard look at the economic indicators.

Local builder files for bankruptcy protection

Prospect Homes, a local homebuilder for more than 25 years, filed for Chapter 11 bankruptcy Tuesday. The company owes more than $50 million to hundreds of creditors. Many businesses listed as creditors were not surprised by the news, as checks had been late in arriving for at least six months. But several local business owners said they kept working with Prospect after Audi met with them, in part because they wanted future work and had known the company for decades.