Posted July 27, 2019 04:38:00Bozeman, Mont.
(AP) Bozemans real estate company, Bozeme, Inc., filed for Chapter 11 bankruptcy protection Thursday after the company was caught up in the recent wildfire that destroyed most of its property and caused extensive damage.
The company’s shares fell more than 5% in after-hours trading.
Bozemann Co., which is based in Bozemen, said in a statement that the company had suffered a loss of $30 million, or about $14 million a share, on the sale of the properties.
It was not immediately clear why the company needed bankruptcy protection.