Bankrupt Homebuilder Gets More Time To File Plan

Law360, New York (April 23, 2008, 12:00 AM EDT) -- Bankrupt homebuilder Levitt & Sons LLC has been granted a 30-day extension of its exclusivity period, giving the company more time to negotiate its liquidation plan with its creditors.

Judge Raymond B. Ray of the U.S. Bankruptcy Court for the Southern District of Florida approved the extension Tuesday, giving the developer until May 2 to file its plan with the bankruptcy court and until July 10 to solicit support for it.

Levitt & Sons, the storied homebuilder that developed the first planned suburban community on Long...
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