Summary of December 11 Hearing
On December 11, 2006, the Court held an omnibus hearing addressing the following items:
1. Motion to sell additional 12 homes: This motion was approved over the objections of several lenders to the form of the order. An order will be submitted to the Court in accordance with the Court's directive and will be entered shortly allowing the closings of the homes identified on the Exhibit in the ordinary course.
2. Motion for an Order to comply with Section 1102 of the Bankruptcy Code: This motion was granted without objection. The motion provides for the establishment of this website and the posting of information relevant to the bankruptcy cases for general unsecured creditors to access and for the Committee to fulfill their duties and obligations.
3. Motion to Compel Closing on Real Estate: This motion was resolved to allow the closing to move forward with some minor contract adjustments.
4. Retention Application of Sullivan & Co as consultants to the Debtors: This application was adjourned to January 8, 2007 at 1:00 pm.
5. Motion to Compel assumption or Rejection of Contracts by Bonding Companies: This motion was adjourned to January 8, 2007 at 1:00 pm.
6. Motion to Lift Automatic Stay to allow certain personal injury cases to move forward and continue in state court: This motion was adjourned to January 22, 2007 at 1:00 pm.
The next omnibus hearing date is scheduled for December 26, 2006 at 1:00 pm in Trenton, New Jersey.
1. Motion to sell additional 12 homes: This motion was approved over the objections of several lenders to the form of the order. An order will be submitted to the Court in accordance with the Court's directive and will be entered shortly allowing the closings of the homes identified on the Exhibit in the ordinary course.
2. Motion for an Order to comply with Section 1102 of the Bankruptcy Code: This motion was granted without objection. The motion provides for the establishment of this website and the posting of information relevant to the bankruptcy cases for general unsecured creditors to access and for the Committee to fulfill their duties and obligations.
3. Motion to Compel Closing on Real Estate: This motion was resolved to allow the closing to move forward with some minor contract adjustments.
4. Retention Application of Sullivan & Co as consultants to the Debtors: This application was adjourned to January 8, 2007 at 1:00 pm.
5. Motion to Compel assumption or Rejection of Contracts by Bonding Companies: This motion was adjourned to January 8, 2007 at 1:00 pm.
6. Motion to Lift Automatic Stay to allow certain personal injury cases to move forward and continue in state court: This motion was adjourned to January 22, 2007 at 1:00 pm.
The next omnibus hearing date is scheduled for December 26, 2006 at 1:00 pm in Trenton, New Jersey.
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