Southern pacific funding corporation liquidating trust
However, a relatively small portion of the homebuilding assets remained to be administered and liquidated.
Substantial litigation claims remained unadjudicated. In addition, a judgment with remaining damages of over 0 million was being appealed by the defendants in the case.
Southern Pacific Funding Corporation: (District of Oregon) Southern Pacific was a former NYSE Oregon based national home mortgage lender and servicer having originated or purchased approximately billion of home equity loans of which it securitized approximately billion. Beck has represented numerous debtors in Chapter 11 cases, such as Caressa, Inc.
( million debt shoe manufacturer); Gardens East Plaza, Ltd.
At the time of a chapter 11 filing in 2008, Tousa, Inc.
was one of the largest publicly traded national homebuilders in the United States.
It operated under various trade names, including Engle Homes, Newmark Homes, Trophy Homes and others and had 1700 employees until the chapter 11 filing of TOUSA, Inc. Various approaches were explored and attempted by the Debtors to maximizing the results of the restructuring effort.
At the same time, I understand the big picture and will keep your broader goals in focus.
(Southern District of Florida) TOUSA and its affiliates operated as a publicly traded nationwide group of homebuilders under the names, Engle Homes, Newmark Homes, Trophy Homes and others.
To complete the liquidation process, the TOUSA Liquidation Trust was created in 2013 by the entities' confirmed chapter 11 plan. Transcapital Financial Corporation and America Capital Corporation (f/k/a American Capital Corporation) (Southern District of Florida) Transcapital was a Florida based publicly traded savings and loan holding company (Trans Ohio Savings Bank, FSB was its wholly owned subsidiary).
Appellees are the liquidating trust created by the Plan and the trustees under the indenture agreement that is the focus of Spieker's objections.
The district court had jurisdiction over Spieker's appeal pursuant to 28 U.