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John Laing Homes has gone bankrupt

24 February 2009
Written by: info Posted under US

The second-large building company of the USA – John Laing Homes, bought by Dubai developer Emaar Properties, has filed for bankruptcy.
John Laing Homes portfolio has 105 real estate projects in states of Colorado, Arizona, Texas and California.
Company’s agents prove that bankruptcy process will help it to reduce debt loading and will allow carrying out strategic reorganization.
Difficulties have begun caused by crisis in the USA. Within last several months John Laing Homes has dismissed more than thousand employees.


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