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Was Pacific Lifestyle Homes the first Portland Metro Area builder to file for chapter 11 Bankruptcy protections?

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Was Pacific Lifestyle Homes the first Portland Metro Area builder to file for chapter 11 Bankruptcy protections?

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A – No, so far three other Portland area builders have filed similar reorganizations since May of 2008. Sale Q- Why are you having a sale? A- Our reorganization plan calls for our number of completed homes to be reduced, thus our consultants recommended that we liquidate our inventory of homes built in 2008. Q- When does the sale end? A- All homes must be sold by March 31, 2009 Q- What if a home does not sell by March 31, 2009? A- Based on past volume and aggressive pricing on the homes in the sale, we anticipate that all homes will sell. Company History Q – Who owns Pacific Lifestyle Homes? A – The company is owned locally by Kevin Wann. The company was founded in 1996 and since then has built more than 2000 homes. . Pacific Lifestyle Homes is one of the most celebrated builders in Southwest Washington and Northern Oregon and has been selected as two-time winner of the prestigious “Builder of the Year” award from the BIA of Clark County. Q- How many homes has Pacific Lifestyle Homes b

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