Madera Roofing, one of the largest roofing contractors in Central California, has emerged from chapter 11, the Pacific Business Journal reported today. Madera Roofing originally filed the petition in October 2013 as a result of being named a co-defendant in at least 28 construction lawsuits in various venues. The costs of legal fees, insurance payments and management distraction were huge and propelled the company to file and reorganize its financial affairs, said Victor Breedlove, Madera Roofing president. The chapter 11 plan results in 100-percent payment of all credit claims plus interest, said James Lowe of Executives Edge, which served as the chapter 11 trustee.
