published Friday, December 4th, 2009

Dogwood Grove builder files bankruptcy

Sparta Homes, building a new Signal Mountain subdivision, has filed for Chapter 11 bankruptcy, said an attorney representing lender First Tennessee Bank.

Justin Sveadas said the bank was seeking to foreclose on Sparta Homes relating to Dogwood Grove off Shackleford Ridge Road. But, that won’t move ahead due to the bankruptcy filing, he said.

Mr. Sveadas said Dogwood Grove developers are expected to continue to try to sell lots in the meantime. He said no more than six of the 24 lots had been sold so far.

about Staff Report...

Get breaking news from the Times Free Press on Twitter at or by visiting us on Facebook or Twitter at the right:

Comments do not represent the opinions of the Chattanooga Times Free Press, nor does it review every comment. Profanities, slurs and libelous remarks are prohibited. For more information you can view our Terms & Conditions and/or Ethics policy.
please login to post a comment

videos »         

photos »         

e-edition »


Find a Business

400 East 11th St., Chattanooga, TN 37403
General Information (423) 756-6900
Copyright, Permissions, Terms & Conditions, Privacy Policy, Ethics policy - Copyright ©2014, Chattanooga Publishing Company, Inc. All rights reserved.
This document may not be reprinted without the express written permission of Chattanooga Publishing Company, Inc.