Lake Las Vegas requests two-month exclusivity extension to resolve economic issues

By Caroline Salls

Pittsburgh, Jan. 6 - Lake at Las Vegas Joint Venture LLC requested an extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan, according to a Monday filing with the U.S. Bankruptcy Court for the District of Nevada.

The company wants to extend its exclusive plan-filing period to March 17 from Jan. 13 and the solicitation period to May 15 from March 16.

According to the motion, the joint venture and its official committee of unsecured creditors are requesting the extension to give them more time to negotiate remaining economic issues with the company's debtor-in-possession facility lenders and some of its pre-bankruptcy secured lenders.

Lake at Las Vegas Joint Venture, LLC, 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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