Laguna Village Owners' Association, Inc., a California non-profit corporation ("LVOA") filed for bankruptcy protection of October 1, 2010. On December 21, 2010, LVOA filed its Notice of Motion and Debtor and Debtor in Possession's Motion for Order (1) Approving Settlement and Compromise of Disputes with AV Builder Corp., and (2) Authorizing Special Homeowner Assessment to Fund the Settlement Payments to AV Builder Corp ("Settlement Motion").
At a hearing held on June 29, 2011, and pursuant to Court order entered on July 6, 2011, the Court approved the Disclosure Statement Describing Debtor's Chapter 11 Reorganization Plan ("Disclosure Statement") proposed by Laguna Village Owners' Association, Inc., a non-profit corporation. A hearing on confirmation of the Chapter 11 Reorganization Plan ("Plan") is scheduled for August 24, 2011 at 11:00 A.M.
Click hear for a copy of the Notice of (1) Hearing on Confirmation of the Debtor's Chapter 11 Reorganization Plan; (2) Deadline for Filing Objections to the Confirmation of the Plan and (3) Time for Casting Votes to Accept or Reject the Plan.