Lake at Las Vegas: court extends DIP loan maturity to July 15

By Lisa Kerner

Charlotte, N.C., May 3 - Lake at Las Vegas Joint Venture, LLC's request to extend the maturity of its debtor-in-possession financing to July 15 from April 30 was approved, according to a Monday filing with the U.S. Bankruptcy Court for the District of Nevada.

A hearing was held on April 21.

As previously reported, under the DIP loan amendment the company must obtain a plan of reorganization confirmation order by June 25, and the plan must take effect by the earlier of July 15 or 30 days after entry of the confirmation order.

The plan confirmation hearing is currently scheduled for June 21.

Lake at Las Vegas Joint Venture LLC, a 3,592-acre master-planned residential and resort community, filed for bankruptcy on July 17, 2008. Its Chapter 11 case number is 08-17814.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.