10/17/2013

Two sureties are completing Ballenger Construction's contracts. The surety companies bonded 22 Texas projects that were defaulted upon by the construction company, and they are expected to receive proceeds from the firm's contracts and liquidation, while unsecured creditors will likely come up empty-handed, according to Bankruptcy Court documents. The construction firm listed more than 3,000 creditors and liabilities of as much as $50 million in its December bankruptcy-protection filing.

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