Cases
CourtFilingsPetition dateMore filters
The court confirmed Tarragon Corporation’s Second Amended and Restated Joint Plan on June 18, 2010, moving the real estate developer from Chapter 11 restructuring into post-confirmation administration. Tarragon filed on January 12, 2009 after the housing and credit-market collapse hit a business built around development, rental apartments, and interests in more than 100 subsidiaries, partnerships, and joint ventures. At filing, management reported about 300 employees, roughly $840.7 million of assets, about $1.0 billion of liabilities, approximately $170 million of unsecured debt at Tarragon Corp., and about $769 million of contingent guaranty exposure tied to subsidiary project debt. source filing source filing source filing
The plan vote showed substantial support across impaired creditor classes, including Class 2B(ii) with $126.1 million accepting against $285.52 rejecting and Class 2B(v) with $476.8 million accepting and no rejecting amount. The confirmation order starts the wind-down timetable: professional fee applications are due within 90 days after the final confirmation order, and the clerk is directed to close the case 180 days after entry absent a timely extension motion. For professionals, the case has shifted from plan risk to consummation, claims cleanup, fee review, and post-confirmation entity execution. source filing source filing
Loading defined terms…