Neumann Homes secured trade creditors form informal committee

By Caroline Salls

Pittsburgh, Nov. 13 - Neumann Homes, Inc.'s secured trade creditors have formed an informal committee to address issues faced by mechanics-lien claimants in the company's bankruptcy case, according to a news release.

The founding members of the informal group include Another Plumbing Co., LLC; J&L Concrete, Inc.; Keystone Electrical Co.; Keystone Heating and Cooling; Keystone Mechanical Industries, Inc.; S.S. Schwarz Construction, Inc.; and Stock Building Supply Co.

According to the release, the mechanics lien claims held by the founding members constitute roughly one-third of the $11.9 million in pre-bankruptcy debt disclosed by Neumann Homes that could potentially be subject to mechanics-lien claims.

The founding members of the informal committee are concerned that Neumann's official committee of unsecured creditors is not likely to represent their interests in the company's Chapter 11 case, the release said.

The informal committee is represented by Jonathan Friedland and Jon C. Vigano of Schiff Hardin LLP.

Neumann Homes, a Warrenville, Ill.-based new homebuilder, filed for bankruptcy on Nov. 1 in the U.S. Bankruptcy Court for the Northern District of Illinois. Its Chapter 11 case number is 07-20412.

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