Construction Insolvency Tracker
24
May 2026
Real Estate & Infrastructure
US construction company insolvencies, bankruptcy filings, receivership appointments, and project suspension announcements confirmed each month from court filings, trade press, and company announcements. Each record includes the company name, state, insolvency type, projects affected and their stage of completion, approximate creditor exposure where disclosed, and the filing or announcement date. Coverage spans general contractors, specialist subcontractors, and residential developers.
US construction company entered bankruptcy, administration, receivership, or voluntary liquidation resulting in confirmed project suspensions or creditor losses in May 2026
Subcontractors and suppliers use it to monitor payment risk from contractors in their supply chain. Surety bond and construction insurance providers use it to track active insolvency events affecting bonded projects. Lenders and project finance banks use it to identify early stress signals in their construction loan portfolios. Real estate developers use it to anticipate project completion risks from contractor failures.
6491
<table class="catchall-table"><thead><tr><th style="min-width:40px">#</th><th style="min-width:220px">Subject Company</th><th style="min-width:150px">Location</th><th style="min-width:110px;white-space:nowrap">Filing Date</th><th style="min-width:150px">Insolvency Type</th><th style="min-width:110px">Loss Amount</th><th style="min-width:110px">Loss Currency</th><th style="min-width:220px">Creditor Losses</th><th style="min-width:220px">Project Suspensions</th><th style="min-width:220px">Key Projects Affected</th><th style="min-width:150px">Employees Affected</th></tr></thead><tbody><tr><td style="min-width:40px">1</td><td style="min-width:220px">Bellaviva at Whispering Hills, LLC</td><td style="min-width:150px">Leesburg, Florida</td><td style="min-width:110px;white-space:nowrap">2026-05-01</td><td style="min-width:150px">Bankruptcy</td><td style="min-width:110px">1,000,000</td><td style="min-width:110px">USD</td><td style="min-width:220px">Proportionate-share mitigation deal requires more than $4.1 million to offset school impacts tied to various phases of the project.</td><td style="min-width:220px">Project has been a lightning rod at City Hall, with years of negotiation with local officials.</td><td style="min-width:220px">Whispering Hills Mega-Project</td><td style="min-width:150px">100</td></tr><tr><td style="min-width:40px">2</td><td style="min-width:220px">Meridian Pacific</td><td style="min-width:150px">Kauai, Hawaii</td><td style="min-width:110px;white-space:nowrap">2026-05-14</td><td style="min-width:150px">Bankruptcy</td><td style="min-width:110px">1,000,000</td><td style="min-width:110px">USD</td><td style="min-width:220px">Impact on Kauai contractors and local businesses who contributed to the project.</td><td style="min-width:220px">Luxury project stops moving.</td><td style="min-width:220px">Kauanoe o Koloa project</td><td style="min-width:150px">100</td></tr><tr><td style="min-width:40px">3</td><td style="min-width:220px">Xin Development Group International</td><td style="min-width:150px">Flushing, New York</td><td style="min-width:110px;white-space:nowrap">2026-05-07</td><td style="min-width:150px">Bankruptcy</td><td style="min-width:110px">41,200,000</td><td style="min-width:110px">USD</td><td style="min-width:220px">Maverick Real Estate Partners facing a judgment lien of $41.2 million due to missed tax and debt-service payments.</td><td style="min-width:220px">Foreclosure sale of the RKO Keith's Theater parcel halted due to bankruptcy filing.</td><td style="min-width:220px">RKO Keith's Theater parcel — planned 17-story mixed-use complex</td><td style="min-width:150px">1</td></tr><tr><td style="min-width:40px">4</td><td style="min-width:220px">Shimmick Construction Company, Inc.</td><td style="min-width:150px">Irvine, California</td><td style="min-width:110px;white-space:nowrap">2026-05-19</td><td style="min-width:150px">Bankruptcy</td><td style="min-width:110px">183,000,000</td><td style="min-width:110px">USD</td><td style="min-width:220px">US Army Corps terminated contract to mitigate cost impacts not returning positive value on strategic infrastructure investment.</td><td style="min-width:220px">US Army Corps terminated lock chamber contract at the Chickamauga Lock Replacement Project.</td><td style="min-width:220px">Chickamauga Lock Replacement Project</td><td style="min-width:150px">183</td></tr><tr><td style="min-width:40px">5</td><td style="min-width:220px">Construction Kings</td><td style="min-width:150px">Sumner, Washington</td><td style="min-width:110px;white-space:nowrap">2026-05-11</td><td style="min-width:150px">Bankruptcy</td><td style="min-width:110px">1,100,000</td><td style="min-width:110px">USD</td><td style="min-width:220px">Over 40 claims totaling $1.1 million against Construction Kings. Subcontractors unpaid for materials and finished jobs.</td><td style="min-width:220px">Construction Kings abandoned projects, leaving framing, siding removal, and concrete deck work unfinished.</td><td style="min-width:220px">Ramp construction, window installation, and a renovation in Eatonville</td><td style="min-width:150px">100</td></tr><tr class="catchall-blurred"><td style="min-width:40px">6</td><td style="min-width:220px">████████████</td><td style="min-width:150px">████████████</td><td style="min-width:110px;white-space:nowrap">████████████</td><td style="min-width:150px">████████████</td><td style="min-width:110px">████████████</td><td style="min-width:110px">████████████</td><td style="min-width:220px">████████████</td><td style="min-width:220px">████████████</td><td style="min-width:220px">████████████</td><td style="min-width:150px">████████████</td></tr><tr class="catchall-blurred"><td style="min-width:40px">7</td><td style="min-width:220px">████████████</td><td style="min-width:150px">████████████</td><td style="min-width:110px;white-space:nowrap">████████████</td><td style="min-width:150px">████████████</td><td style="min-width:110px">████████████</td><td style="min-width:110px">████████████</td><td style="min-width:220px">████████████</td><td style="min-width:220px">████████████</td><td style="min-width:220px">████████████</td><td style="min-width:150px">████████████</td></tr><tr class="catchall-blurred"><td style="min-width:40px">8</td><td style="min-width:220px">████████████</td><td style="min-width:150px">████████████</td><td style="min-width:110px;white-space:nowrap">████████████</td><td style="min-width:150px">████████████</td><td style="min-width:110px">████████████</td><td style="min-width:110px">████████████</td><td style="min-width:220px">████████████</td><td style="min-width:220px">████████████</td><td style="min-width:220px">████████████</td><td style="min-width:150px">████████████</td></tr></tbody></table>
<h3>Are both general contractors and specialist subcontractors covered?</h3><p>Yes. Insolvencies affecting large general contractors, specialist mechanical and electrical contractors, and residential housebuilders are all included.</p><h3>How quickly do insolvency events appear after they are filed?</h3><p>Court filings and administrator appointments are typically captured within days of their public registration.</p><h3>Does the dataset include voluntary liquidations alongside distressed insolvencies?</h3><p>Voluntary liquidations are included only where they result in project suspensions or creditor losses. Solvent wind-downs of completed projects are excluded.</p>