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- Development’s Bankruptcy May Be Largest In Nevada History
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The bad news from Las Vegas just keeps coming:
In one of the potentially largest bankruptcies in Nevada history, Lake Las Vegas, a 3,592-acre residential and resort development in Henderson, filed for Chapter 11 bankruptcy Thursday.
Lake at Las Vegas Joint Venture LLC, one of five related companies filing for bankruptcy, reported debts that total between $500 million and $1 billion and assets that total between $100 million and $500 million. The case could approach other major bankruptcies as measured by the amount of creditor claims….
Original Source: housingdoom.com
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19 July, 2008| housingblogs |
@ 6:04