Security National Units Seek Ch. 11 Vote With New Disclosure

Law360, Wilmington (October 15, 2012, 10:35 PM EDT) -- Real estate subsidiaries of nondebtor loan acquisition firm Security National Master Holding Co. LLC presented a revised disclosure statement in Delaware bankruptcy court Monday in an attempt to remove objections and move closer to resolving their year-old Chapter 11 cases.

Security National Properties Funding III LLC and nine other affiliates sought court protection in October 2011, citing the continued downtown in the commercial properties market. But the reorganization plan it introduced in April languished, and both the U.S. trustee and primary lender Bank of America NA...
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