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Home Depot and Lowe's rival, North American Builders Supply, has filed for Chapter 11 bankruptcy due to rising lumber prices and volatility caused by President Donald Trump's tariffs. The company has remained open and plans to reorganize and continue operations. Rising lumber prices damage the entire home construction industry and add complexity to the home-building process, impacting both major players like Home Depot and smaller retailers. The company's largest unsecured creditors include Bluetape, Kapitus Servicing, and Central Bank Illinois.
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