Lake at Las Vegas debtor's hearing on $1.84 million DIP facility continued to Sept. 29

By Jennifer Lanning Drey

Portland, Ore., Sept. 12 - The hearing on Lake at Las Vegas Joint Venture LLC debtor SouthShore Golf Club LLC's motion for approval to obtain $1.84 million of debtor-in-possession financing from Dorfinco Corp. was continued to Sept. 29, according to a source familiar with the case.

The hearing began Friday in the U.S. Bankruptcy Court for the District of Nevada.

As previously reported, SouthShore said it needs the financing to pay the costs of operating its golf course, to meet payroll and employee benefit obligations and to pay its share of professional fees, costs and expenses related to the Chapter 11 bankruptcy case.

Lake at Las Vegas Joint Venture, a 3,592-acre master-planned residential and resort community, filed for bankruptcy on July 17. Its Chapter 11 case number is 08-17814.

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