Sudden Chapter 7 bankruptcy puts homeowners’ deposits at risk

TheStreet•Thursday, November 6, 2025 at 4:30:42 PM

Sudden Chapter 7 bankruptcy puts homeowners’ deposits at risk

A national home renovation company has unexpectedly filed for Chapter 7 bankruptcy, leaving many homeowners at risk of losing their deposits. This sudden closure, which came without any prior warning, has left customers in a lurch, unable to reach the company for updates on their projects. This situation highlights the vulnerabilities in the home renovation industry and raises concerns about consumer protections, making it crucial for homeowners to be cautious when choosing contractors.

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