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Home Front

A blog about the economy and the Sacramento-area real estate market.

October 15, 2008
Builder Christo Bardis files for personal BK protection

For the third time in six months a major Sacramento-area land developer and home builder has filed for personal bankruptcy protection. This time it is Christo Bardis, cofounder of Sacramento-based Reynen & Bardis Communities.

Bardis claims liabilities between $100 million and $500 million and assets of $10 million to $50 million. His attorneys filed the Chapter 11 request in U.S. Bankruptcy Court in Sacramento about 4 p.m.

His filing comes after a similar filing last April by his long-time partner John D. Reynen.

And it's jsut weeks after famed California highway builder C.C. Myers filed for personal bankruptcy protection regarding his Winchester Country Club near Auburn.

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