Articles tagged with: WCI Communities Inc.

Reports, Articles, Motions, Opinions Concerning WCI Communities, Inc. Bankruptcy Preferential, Fraudulent Transfer Avoidance Adversary Proceeding Litigation

WCI Communities Files 431 Bankruptcy Preference Actions for Recovery of Transfers by 126 Debtors Sharply Presenting Issue of Antecedent Debt, Transferor Identification

[Updated August 4. 2010] Ocean Ridge Capital Advisors LLC, as Creditor Trustee for the WCI Communities, Inc., Creditor Trust, over a eight day period (July 27, 2010 through August 3, 2010) filed 431 adversary proceeding complaints for the recovery of purportedly preferential transfers under Section 547 of the Bankruptcy Code. The adversary proceedings spring out of the August 4, 2008, Chapter 11 petition filings of WCI Communities, Inc. and one hundred and twenty-six (126) of its affiliates (collectively, the “Debtors”) in the United States Bankruptcy Court for the District of Delaware. The adversary proceedings, as are the WCI Communities bankruptcy cases, are pending before Judge Kevin J. Carey.