Unsecured Creditors Blast Tousa Ch. 11 Exit Plan
According to the unsecured creditors' motion, filed Saturday in the U.S. Bankruptcy Court for the Southern District of Florida, Tousa's reorganization plan and disclosure statement were designed under the presumption that the homebuilder would prevail in a fraudulent conveyance suit the unsecured creditors filed in July.
The plan also calls for payments to individuals and companies that do not have...
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