The Arizona Contractors Association has filed for chapter 7 bankruptcy, the Arizona Republic reported today. The Phoenix-based industry trade group, which changed its trade name to the Arizona Construction Association in 2012, filed on April 24 to liquidate its assets. The nonprofit lost an office property to foreclosure and couldn't work out a deal with its creditors. The association, founded in 1956, includes as members developers, architects, engineers, construction managers, general contractors, subcontractors of all trades and material suppliers.
