MSR Resort's Disclosure Statement Gets Green Light

Law360, New York (December 13, 2012, 5:04 PM EST) -- A New York bankruptcy judge signed off Thursday on MSR Resort Golf Course LLC's disclosure statement, clearing the resort owner to begin soliciting votes for its Chapter 11 plan following a recent agreement to sell off its five-resort portfolio for $1.5 billion.

U.S. Bankruptcy Judge Sean H. Lane approved the disclosure statement, which is meant to explain the Chapter 11 plan so creditors entitled to vote on it can decide which way to go, after the debtor managed to resolve all objections to the document....
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