TITLE

LAKE LAS VEGAS SEEKS CHAPTER 11 PROTECTION

AUTHOR(S)
Edwards, John
PUB. DATE
July 2008
SOURCE
Las Vegas Business Press (10712186);7/28/2008, Vol. 25 Issue 30, pP16
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that Lake Las Vegas, a residential and resort development in Henderson, Nevada, has filed for Chapter 11 bankruptcy. One of the five related companies filing for bankruptcy, Lake at Las Vegas Joint Venture LLC reported debts that total between $500 million and $1 billion, and assets that total between $100 million and $500 million. LLV Holdco LLC, who took over ownership and management of the community in January 2008, cited several reasons for seeking bankruptcy court protection.
ACCESSION #
33947426

 

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