Barclays Files LandSource Disclosure Statement

Law360, New York (November 6, 2008, 12:00 AM EST) -- Barclays Bank PLC, the debtor-in-possession financier for LandSource Communities Development LLC, on Wednesday filed a disclosure statement for the bankrupt real estate developer.

The filing in the U.S. Bankruptcy Court for the District of Delaware followed up on the Chapter 11 reorganization plan the bank filed on behalf of LandSource last month.

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, California, Florida, New Jersey, Nevada and Texas, several...
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