2010-03-03 — builder-implode.com
``In a sign that the distress in the housing market and the economy is far from over, Bensalem, Pennsylvania-based Orleans builders has filed for chapter 11 bankruptcy protection. They list $440 million in assets and liabilities of $498.8 million, including, interestingly, $93 million owed to collateralized debt obligations (CDOs).''
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