WCI bankruptcy moving slowly


  • By
  • | 3:58 p.m. April 10, 2009
  • | 0 Free Articles Remaining!
  • News
  • Share

It's been eight months since Bonita Springs-based homebuilder WCI Communities filed for bankruptcy reorganization and there's still no plan.

What's taking so long?

In the latest extension request to file a reorganization plan, WCI says it's slogging through nearly 4,000 claims. Its attorneys have also complained that the economic situation has worsened, making any plan more difficult to craft.

 

Continue reading your article
with a Business Observer subscription.
What's included:
  • ✓ Unlimited digital access to BusinessObserverFL.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed print newspaper every Friday (optional)
  • ✓ Newsletter of daily business news

Latest News

Sponsored Content