
LandSource Communities Development
Representation of the creditors’ committee in the chapter 11 case of LandSource and its affiliated companies in the District of Delaware. LandSource owns more than 50 communities across the United States with approximately 35,000 homesites and golf courses. Through the firm’s efforts, within 30 days of the appointment of the creditors’ committee, the committee was able to defeat the onerous financing proposal presented by the debtors and the senior secured creditors. As a result, general unsecured creditors that were behind approximately $1.4 billion of debt – and in all likelihood out of the money – may receive a recovery as high as 75 cents on the dollar.
Related Practices & Industries
Circuit Court
9th Circuit
National Presence, Global Reach
Our specialized bankruptcy attorneys are strategically positioned across the country, offering top-tier legal expertise with international reach. Find the right partner for your complex restructuring and insolvency challenges.
Meet Our Attorneys