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

Business Valuation UpdateVol. 16 No. 1
Legal and Court Case Update
January 2010

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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.)
October 30, 2009
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.

See Also

In re TOUSA, Inc.

Full Text of Court Cases
October 30, 2009

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.