Business & Tech
2 Owings Mills Businesses File For Bankruptcy
Two companies based in Owings Mills filed for Chapter 11 protection in December.
OWINGS MILLS, MD — Two Owings Mills businesses recently filed for bankruptcy, according to the Baltimore Business Journal.
Crown Remodeling, of 5 Gwynns Mill Court, and Homes4Families of 5115 Wagon Shed Circle, both filed for Chapter 11 bankruptcy, the journal reported.
Chapter 11 means companies are undergoing financial reorganization in order to stay in business while they restructure their debts. During the proceedings, businesses can continue operating.
Find out what's happening in Owings Mills-Reisterstownfor free with the latest updates from Patch.
Crown Remodeling, which focuses on roof repairs, filed for Chapter 11 on Dec. 10, according to court records.
One customer whose roof was recently installed posted this review about Crown Remodeling on the Better Business Bureau website Dec. 19: "They worked hard all day until after dark trying to finish before impending bad weather came in. They came back the next day (Sunday) to make sure we were finished and okay for the snow....We would highly recommend them and their team."
Find out what's happening in Owings Mills-Reisterstownfor free with the latest updates from Patch.
Overall, the remodeling company based in Owings Mills owes $1 million to $10 million and has $100,000 to $500,000 in assets, based on court filings. Of its 50 to 99 creditors, the largest is Beacon Roofing Supply of Williamsport, Md., to which it owes $340,000, records show.
The other Owings Mills-based company that filed for bankruptcy has less information available about it.
Homes4Families filed for Chapter 11 bankruptcy on Dec. 14. It has three major debts, the largest of which is more than $743,000 owed to K&S Eastern of Pikesville, according to court filings. Other creditors include the Baltimore City Department of Public Works, owed $600, and BGE, which is owed $500, based on court records.
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