A construction company, Azure Builders Inc., has officially filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Middle District of Florida. The firm filed the case on Saturday, December 6, due to internal conflicts and financial strain.
Azure Builders Files for Bankruptcy Amid Shareholder Disputes
The official filing shows that the Naples-based construction company Azure Builders has voluntarily filed for Chapter 11 bankruptcy. On December 6, the firm filed the case in the U.S. Bankruptcy Court for the Middle District of Florida.
The firm is a residential and commercial building company that offers services to homeowners, business owners, and developers across Sarasota County, Florida. The firm was founded in 2000.
By filing for Chapter 11 bankruptcy protection in the U.S. Court, the firm aims to reorganize its finances, negotiate with creditors, tackle ongoing legal battles, and continue its operations as well.
Key Takeaways from the Bankruptcy Filing
The case, officially signed by David Nicolosi, President of Azure Builders Inc., is represented by Michael Dal Lago of Dal Lago Law, Naples, Florida.
- Filing Date: December 6, 2025
- Court and Jurisdiction: U.S. Bankruptcy Court for the Middle District of Florida
- Type of Filing: Voluntary Petition for Non-Individuals Filing for Bankruptcy
- Chapter: 11; Subchapter V
- Case Number: 2:25-bk-02434-FMR
- Estimated Assets: $125,697.30
- Estimated Liabilities: $1,388,549.01
- Reason for Filing: To keep operating while it reorganizes debt and resolves legal disputes
According to the filing documents, the company has between 1 to 49 creditors, and the largest secured claims include QuickBooks Capital, Eric DeVaughn, Sam Green, Bank of America, NSS Granite, Marble, and Quartz, and so on.
The firm has taken legal action against two of the major creditors, Eric DeVaughn and Sam Green. The firm has accused both companies of breach of ‘fiduciary duty and tortious interference.’
The firm aims to restructure its debts, resolve legal disputes, and continue operating under Chapter 11 bankruptcy.
