November 14, 2007 (LPAC)--Historic builder, Levitt and Sons announced Nov. 11 that the company and 37 of its subsidiaries filed for bankruptcy in Fort Lauderdale, Fl, blaming "unprecedented conditions." It had already halted all projects, laid-off nearly 90% of its staff, and failed to successfully negotiate with its bank lenders to restructure its debt. The firm is best known for Levittown, a community developed on Long Island, N.Y. for returning World War II soldiers and their families. Likewise, Sacramento-based Dunmore Homes filed for Chapter 11 bankruptcy protection late last week; it had stopped building in August.