Business news for Mon, 17 Dec 2007 & with word bankruptcy. 10 news.

WASHINGTON - Calpine will lower its bankruptcy-exit financing package by $400 million to $7.6 billion, under a deal with its lenders that gives the power company an extra week to emerge from Chapter 11 and loosens some of the loan's financial covenants.

Provident Bank is suing Clark Construction Group to recoup a $150,000 debt that Clark allegedly owed to Architectural Metals Inc., a Frederick firm that filed to liquidate in Chapter 7 bankruptcy.

After continuing to be a no-show at its Chapter 11 involuntary bankruptcy proceedings that began last month, British American Homes now has been placed in Chapter 7 bankruptcy.

Prime Development Inc., an Edwardsville-based real estate company that was forced into bankruptcy proceedings recently, owes First Bank and two other banks more than $6.6 million, according to recent court filings.

Online furniture retailer Gately's filed for bankruptcy in 2007.

Forever Resorts, owner of the famed SouthFork Hotel and Ranch, has acquired Lantana Lodge & Marina in a Dec. 12 bankruptcy auction.

The largest creditor of financially troubled Viansa Winery and Italian Marketplace is expected to take ownership of the Sonoma Valley tourist attraction at month-end.

A printing company that once found itself at the center of a storm over municipal tax incentives has been forced into Chapter 11 bankruptcy by three of its creditors.

Three people who allege a Lodi winery has defaulted on $1.48 million in notes have petitioned to force the company into Chapter 7 bankruptcy.

Nouveau Homes Inc., a small Rocklin-based builder that had been trying to market custom homes and a 51-home project in Lincoln, has filed for bankruptcy liquidation, but there doesn't appear to be much to distribute to the company's more than 100 creditors.