Fort Worth‑based homebuilder Village Homes announced this week that it has successfully completed its Chapter 11 reorganization and is back in full operation. The court‑approved plan, signed off by a federal bankruptcy judge in July, preserves the company’s existing ownership and leadership, allowing it to continue building homes without ongoing court oversight.
Why Village Homes filed for Chapter 11
Last October the company filed for Chapter 11 after a legal dispute threatened its ability to conduct business. Village Homes had entered a 2024 contract to sell 100 vacant lots, its name and related intellectual property as part of a planned rebrand and retirement for a co‑founder’s original partner. When the proposed buyer failed to close, Village Homes terminated the agreement and sued for a declaratory judgment to confirm that termination. The buyer responded with a countersuit and a pending lawsuit notice against each lot, which hampered Village Homes’ operations. The Chapter 11 filing was intended to protect the business’s value as a going concern while the disputes were resolved.
Judge approves reorganization plan
In July, a federal bankruptcy judge approved Village Homes’ reorganization plan, clearing the path for the company to move forward. “Chapter 11 was not a path we wanted to take, but it became necessary to protect the business and the people who depend on us,” said Michael Dike, co‑founder and president of Village Homes. “We defended the company throughout this process, and the court’s order bears out what we have maintained from the beginning — about the strength of Village Homes, the circumstances that forced us to seek Chapter 11 protection, and our ability to come through it successfully.”
30‑year legacy and future focus
With the plan confirmed, Village Homes has preserved its existing ownership and leadership. The company, which has built more than 1,500 homes across Fort Worth and Parker County, is now able to put its full focus back on building homes, serving its neighborhoods, and carrying its three‑decade legacy into the next generation. “We emerged with our company and our relationships intact — exactly as we said we intended to do from the start,” Dike added. “Now we can put our full focus back where it belongs: building homes, serving our communities, and carrying Village Homes’ 30‑year legacy into the next generation.”
Impact on the local housing market
The exit from bankruptcy is good news for Fort Worth’s housing market. Village Homes remains a significant builder in the region, and its continued operations support local employment and the supply of new homes for families seeking to settle in the area. The company’s stability also reassures lenders, suppliers, and prospective homebuyers who rely on its reputation for quality construction.
Other local business news
In related local business developments, Game Show Studio opened an immersive entertainment venue in Southlake, and TechFW graduate Nanoscope Therapeutics has filed an FDA request for its gene‑therapy treatment Mogenry for retinitis pigmentosa. Additionally, The Country Network expanded its over‑the‑air reach to four Gulf Coast markets, and Madison Realty Capital originated a $77 million loan for the Shivers Farm project that will bring Southlake’s first Whole Foods Market.
Village Homes’ successful emergence from Chapter 11 underscores the resilience of Fort Worth’s homebuilding sector and its commitment to serving families and neighborhoods for decades to come.
Original reporting: Fort Worth Report — read the source article.
