A construction company, Azure Builders Inc., has officially filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Middle District of Florida. The firm filed the case on Saturday, December 6, due to internal conflicts and financial strain.
Azure Builders Files for Bankruptcy Amid Shareholder Disputes
The official filing shows that the Naples-based construction company Azure Builders has voluntarily filed for Chapter 11 bankruptcy. On December 6, the firm filed the case in the U.S. Bankruptcy Court for the Middle District of Florida.
The firm is a residential and commercial building company that offers services to homeowners, business owners, and developers across Sarasota County, Florida. The firm was founded in 2000.
By filing for Chapter 11 bankruptcy protection in the U.S. Court, the firm aims to reorganize its finances, negotiate with creditors, tackle ongoing legal battles, and continue its operations as well…