Developer with local projects files for bankruptcy
A Sacramento homebuilder with several troubled Kern projects filed for bankruptcy protection Wednesday.
John D. Reynen of Reynen & Bardis Communities Inc., along with his wife Judy M. Reynen, filed for Chapter 11 protection as individuals saddled primarily with business debts, court documents filed in a federal bankruptcy court in Sacramento show.
Some other creditors:
• Wells Fargo Bank, $29 million
• IndyMac Bank, $26.8 million
• Comerica, $21.5 million
• Chase Bank, $17.5 million
Wednesday, April 23, 2008
Posted by Bakersfield Bubble at 7:22 PM