In re TOUSA, Inc.

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October 30, 2009

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1521 General Contractors-Single-Family Houses
236115 New Single-Family Housing Construction (except For-Sale Builders)
bankruptcy
In re TOUSA, Inc.
2009 WL 3519403 (Bankr. S.D. Fla.)
US
Federal Court
Florida
United States Bankruptcy Court
Alan J Perlman, Paul Steven Singerman
Kevin Clancy, Charles Hewlett, Amy Benbrook, William Derrough (unsecured creditors); Michael Canon, Michael Samuels, Rene Stulz, William Lenhart, Andrew Metrick (secured lenders)
Olson

Summary

Bankruptcy court voids over $600 million in transfers to subsidiaries of bankrupt homebuilders based on teams of expert testimony regarding solvency opinions and lack of reasonably equivalent value.
In re TOUSA, Inc.
PDF, Size: 24 KB

See Also

Teams of Experts Help Court and Creditors Value Huge, Bankrupt Homebuilder

Legal and Court Case Update
January 2010

Bankruptcy court voids over $600 million in transfers to subsidiaries of bankrupt homebuilders based on teams of expert testimony regarding solvency opinions and lack of reasonably equivalent value.

This article also appears in:
Business Valuation & Bankruptcy Compendium, Third Edition
BVR Guide to Management Projections and Business Valuation: Analysis and Case Law