Barclays Files Plan In LandSource Ch. 11

Law360, New York (October 14, 2008, 12:00 AM EDT) -- Debtor-in-possession finance provider Barclays Bank PLC filed a proposed plan of reorganization for LandSource Communities Development LLC on Monday, less than a week after the exclusivity period ended.

Acting as administrative agent, Barclays filed both the proposed plan and a motion to authorize the bank to file a disclosure statement with the U.S. Bankruptcy Court for the District of Delaware.

LandSource is in the business of planning and developing — though, with the exception of one California site, not physically constructing — master-planned communities in Arizona,...
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.