WCI Communities asks court to force Aurelius Capital to disclose interest in bankruptcy case

By Jennifer Lanning Drey

Portland, Ore., Sept. 22 - WCI Communities, Inc. asked the U.S. Bankruptcy Court for the District of Delaware to force Aurelius Capital Management, LP to comply with disclosure requirements included under bankruptcy code or prevent Aurelius from participating in its Chapter 11 case, according to a Monday court filing.

According to the motion, Aurelius has filed two limited objections to WCI's motion to obtain debtor-in-possession financing and continue to use cash collateral.

WCI said in both filings, Aurelius has said it is objecting, "on behalf of the funds it manages that are holders of bonds issued by WCI Communities and guaranteed by various of its other subsidiaries."

However, WCI claimed that neither objection provided further information regarding the funds or in whose name the bonds are registered.

The company said bankruptcy code requires anyone representing more than one creditor in a Chapter 11 case to file a verified statement identifying the creditors and their claims.

WCI, a Bonita Springs, Fla.-based homebuilding and real estate services company, filed for bankruptcy on Aug. 4. Its Chapter 11 case number is 08-11643.

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