Palm Beach County Developer Featured on Extreme Makeover: Home Edition Files Chapter 7 Bankruptcy
A Palm Beach County developer whose construction of a new home in Riviera Beach for a single father suffering from cancer was featured on the popular ABC-TV series Extreme Makeover: Home Edition has filed for Chapter 7 bankruptcy.
In February of 2006, Majestic Custom Homes built a 2,300 sq. ft. home for Dunstan Rainford, a 43-year-old single father with lymphatic cancer whose roof had been ripped away by Hurricane Wilma. The building of the home was featured on Extreme Makeover: Home Edition during the 2006 season.
Rainford died seven months after the completion of the home, which is now owned by his relatives.
JPG Enterprises, Inc., doing business as Majestic Custom Homes, filed for Chapter 7 bankruptcy, listing more than $7 million in liabilities and $1.6 million in assets. The company, headed by president John Paul George, was incorporated in 1984 and built custom homes in Indian River, Palm Beach, Sarasota and St. Lucie counties.
Majestic’s bankruptcy filing showed that among the company’s liabilities are significant sums due for unfulfilled home construction contracts, including some on homes that have already been foreclosed on by lenders.
The Florida housing market meltdown has caused a number of construction-related businesses to file Chapter 7 or Chapter 11 bankruptcy in Florida. If you are the owner of a financially troubled Florida business and want more information about the business bankruptcy process in Florida, consult a Florida bankruptcy attorney.
If you are the owner of a financially troubled Florida business and want more information about the business bankruptcy process in Florida, consult a Florida bankruptcy attorney.
Greg Gilbert
Keith Maynard
