A Las Vegas-area development won court approval of a bankruptcy exit plan that raises money for creditors in part with plans to sue the company’s former investors, including billionaire brothers Sid and Lee Bass. US Bankruptcy Judge Linda Riegle said yesterday in Las Vegas that she would sign an order approving the reorganization plan for Lake Las Vegas Resort LLC once minor legal issues have been resolved later this week.
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There are numerous sources for graphs, charts, surveys, calculations and a seemingly infinite number of people and organizations with a stake in the housing market, so it’s difficult to cut through the noise and hear the melody. But in her debut column, HousingWire Columnist Mary Frances Coleman shows you how.
MDK is strongly encouraging clients to embrace the new normal while preparing for a foreclosure volume increase in the not-too-distant future.