The CEO of Montalbano Builders Inc. filed for personal bankruptcy last month, according to bankruptcy filings for a U.S. Bankruptcy Court in Chicago. Homebuilder Anthony P. Montalbano Sr. listed assets of less than $10 million against liabilities of more than $100 million.

One of the largest creditors named in the lawsuit, RBC Bank, claimed that Montalbano defaulted on loans last year and filed a foreclosure lawsuit against him five days after Montalbano's filing. Two of the towns in the RBC Bank foreclosure lawsuit were the Arizona cities of Peoria and Coolidge, according to RBC's attorney.

If you or your company is considering filing for bankruptcy, contact the Arizona bankruptcy attorneys of the Harmon Law Office at 480-829-0494.