The company that does business as John Laing Homes, one of metro Denver’s largest homebuilders, filed Chapter 11 bankruptcy reorganization in Delaware on Thursday, claiming between $500 million and $1 billion in debts.
Irvine, Calif.-based WL Homes LLC, which builds under the John Laing brand primarily in Colorado, California, Arizona and Texas, has an estimated 25,000 to 50,000 creditors, according to its bankruptcy filings.
John Laing Homes recently suspended operations in metro Denver, according to local customers of the homebuilder. A local couple was told in mid-January that Laing was halting construction on their four-bedroom, $500,000 house in Denver’s Stapleton neighborhood.
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