Builder Levitt & Sons Gets Go-Ahead For Liquidation

Law360, New York (February 24, 2009, 12:00 AM EST) -- A bankruptcy court has confirmed the liquidation plan for defunct Levitt and Sons LLC, approving the dismantling of a storied homebuilder and development company credited with helping launch young families’ post-World War II migration to the suburbs.

Judge Raymond B. Ray issued an order Friday in the U.S. Bankruptcy Court for the Southern District of Florida confirming the plan, which establishes procedures for the payment of claims and liquidation of the company.

The confirmation comes a little more than a week after the building and development...
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