Edwards, John
August 2008
Las Vegas Business Press (10712186);8/4/2008, Vol. 25 Issue 31, pP16
The article reports that Thomas Patterson, attorney for bankrupt company Lake Las Vegas, was queried by Bankruptcy Judge Linda Riegle over a proposed $127 million postbankruptcy loan from a group led by investment banking firm Credit Suisse. According to Riegle, the chances of her approving an interim $114. million portion of the loan were slim and none. Patterson said that the company could rely on $1.2 million cash on hand and about $500,000 in total cash at three golf courses.


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