Lake at Las Vegas plan accepted by all but one voting creditor

By Caroline Salls

Pittsburgh, May 10 - Lake at Las Vegas Joint Venture LLC's plan of reorganization has been accepted by all but one voting creditor, according to a Monday filing with the U.S. Bankruptcy Court for the District of Nevada.

The one holder of $15,049 in class 4G senior mechanics' lien claims, the one holder of $1.21 million in class 4H senior mechanics' lien claims and the one holder of $247,154 in class 4J senior mechanics' lien claims voted to accept the plan.

In addition, 61 holders, or 98.39% in number, of $573.46 million, or 98.96% in amount, of pre-bankruptcy lender claims voted to accept the plan, while one holder, or 1.61% in number, of $6.01 million, or 1.04% in amount, of those claims voted to reject it.

A pre-trial conference is scheduled for Thursday. The plan confirmation hearing is set for June 21.

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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