Lake At Las Vegas Gets OK To Fund Golf Courses

Law360, New York (July 25, 2008, 12:00 AM EDT) -- Lake at Las Vegas Joint Venture LLC, the developer of a residential and vacation complex that filed for Chapter 11 protection last week, has gotten a judge's approval to use its cash collateral to maintain its golf courses.

Judge Linda B. Riegle of the U.S. Bankruptcy Court for the District of Nevada approved the approximately $500,000 in cash collateral spending after a hearing on Wednesday.

She also set a hearing for Aug. 4 on the company's $127 million debtor-in-possession loan.

The cash collateral is to be...
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