Quick bankruptcy fix for Rhodes

April 2009
Las Vegas Business Press (10712186);4/27/2009, Vol. 26 Issue 17, pP5
The article reports on the state of the Chapter 11 bankruptcy case of the Rhodes homebuilding companies. Rhodes attorney James Stang is optimistic at a court hearing on April 7, 2009 that the companies and their lenders would reach an agreement on a term sheet that outlines ways to restructure the company's 372.7 million U.S. dollar debt. Lenders have insisted that president and chief executive officer (CEO) James Rhodes relinquish control of the real estate firm.


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