Judge Hands $21.4M Loan To Bankrupt South Edge

Law360, New York (August 12, 2011, 10:00 PM EDT) -- A Nevada bankruptcy judge on Friday approved a $21.4 million loan to Nevada real estate joint venture South Edge LLC to help it avoid insolvency and bridge an exit from bankruptcy.

U.S. Bankruptcy Judge Bruce A. Markell granted the request for the new money for the beleaguered South Edge at a hearing Friday, according to Bob Moore, an attorney for the trustee.

South Edge, a joint venture of several building companies that was forced into bankruptcy against its will after work on a $1.3 billion development...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.