August 15, 2025
The secured lender for resort developer SilverRock asked a Delaware bankruptcy judge to reject SilverRock's third request to extend its plan exclusivity period, saying the developer should not need 16 months to file a liquidating plan.
July 14, 2025
Resort developer SilverRock has asked the Delaware bankruptcy court for permission to hold an auction for its real estate assets in Southern California to see if the company could fetch a better offer through a public process than the stalking horse bid it secured, instead of selling its assets through a sealed bidding process.
June 17, 2025
Acknowledging property owner and creditor valuation objections and unsettled claims, a Delaware bankruptcy judge on Tuesday approved a $60 million stalking horse offer intended to jumpstart bidding for a 134-acre tract southeast of Los Angeles that was once part of a resort development plan.
June 16, 2025
Secured lenders of resort construction firm SilverRock Development Corporation have objected to the debtor's proposed designation of a stalking-horse bid, telling a Delaware bankruptcy court on Monday the $60 million offer is far below the asserted value of the company's real estate assets.