Tennessee builder files for bankruptcy

Greenvale Homes, one of the largest builders in central Tennessee, has filed for Chapter 11, according to an article in The Tennessean. Listed among its major unsecured creditors are 84 Lumber in Murfreesboro, which is owed $76,521, and appliance seller HH Gregg in Indianapolis, which is owed $20,533. Local creditors include Smyrna Ready Mix in Murfreesboro, Thomas & Sons Electric in La Vergne and Wall to Wall Floor Covering in La Vergne.

Headquartered approximately 30 miles outside of Nashville, the Murfreesboro-based builder lists 13 subdivisions on its website. Greenvale listed liabilities of between $10 million and $50 million and assets of less than $50,000. It has been in business for 15 years.