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Article: In Re TOUSA, Inc.: Implications For Solvency Opinion Providers.(Case overview)
- Article from:
- Mondaq Business Briefing
- Article date:
- November 4, 2009
CopyrightCOPYRIGHT 2009 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The bankruptcy court's opinion exemplifies the second guessing that can confront solvency opinion providers and highlights issues that providers should carefully vet with experienced legal counsel.
On October 13, 2009, the U.S. Bankruptcy Court for the Southern District of Florida entered a final judgment against the senior lenders of liquidating homebuilder TOUSA, Inc., in a fraudulent transfer proceeding. Pursuant to federal bankruptcy law (the code), and New York and Florida state law, the court ruled that money lent to Tousa by a group of first and second lien lenders before Tousa and certain of its affiliates filed for bankruptcy protection on January 29, ...
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Article: TOUSA, Inc. (Engle Homes) Media Statement re: Chinese ...
PR Newswire;
March 17, 2009 ;
700+ words
... ... March 17 /PRNewswire-FirstCall/ -- TOUSA, Inc. (Pink Sheets: TOUSQ) -- In ... surrounding the use of Chinese Drywall, TOUSA, Inc., and the Engle Homes brand today released the following statement: TOUSA, Inc. and the Engle Homes brand take ...
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