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Published on 4/21/2010 in the Prospect News Distressed Debt Daily.

Orleans Homebuilders posts $1,660 net loss for March 2 to March 31

By Caroline Salls

Pittsburgh, April 21 - Orleans Homebuilders, Inc. reported a $1,660 net loss for the period of March 2 to March 31 on zero revenues, according to a Tuesday filing with the U.S. Bankruptcy Court for the District of Delaware.

The company had $3,225 in cash at March 31.

Orleans Homebuilders, a Bensalem, Pa.-based developer, builder and marketer of single-family homes, townhouses and condominiums, filed for bankruptcy on March 1. The Chapter 11 case number is 10-10684.


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