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Published on 6/8/2009 in the Prospect News Distressed Debt Daily.

Lake at Las Vegas hearing on exclusivity hearing postponed to June 29

By Jennifer Lanning Drey

Portland, Ore., June 8 - The hearing on Lake at Las Vegas Joint Venture, LLC's request for a fifth extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan was rescheduled for June 29 by the U.S. Bankruptcy Court for the District of Nevada, according to an attorney.

The hearing was initially scheduled for Monday.

As previously reported, Lake Las Vegas wants to extend its exclusive plan-filing period to June 30 from May 29 and the solicitation period to Aug. 28 from July 27.

Lake at Las Vegas Joint Venture LLC, a 3,592-acre master-planned residential and resort community, filed for bankruptcy on July 17, 2008. Its Chapter 11 case number is 08-17814.


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