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Here are some of the latest bankruptcy stories our reporters have been
covering Tuesday morning on TheDeal.com. For more check out the bankruptcy channel on TheDeal.com or visit Bankruptcy Insider.
Levitt set for disclosure hearing
Levitt and Sons LLC will seek approval of the disclosure statement outlining its Chapter 11 liquidating plan on Aug. 13. The plan, proposed jointly by Levitt and its official committee of unsecured creditors, doles out the proceeds of asset sales. Levitt and Sons owed its five lenders more than $380 million at the time of its Nov. 9, 2007, Chapter 11 filing. - John Blakeley Immunicon sets auction Immunicon Corp. will put itself up for sale in the coming weeks, hoping to draw a bid that rivals the stalking-horse offer of Johnson & Johnson affiliate Veridex LLC. A July 29 auction date has been set for the assets of Immunicon, a Huntingdon Valley, Pa., company that selects and analyzes cells in blood. Veridex has offered $31 million in cash and would release about $2.09 million in debt in return for Immunicon's assets, making for a total purchase price of about $33.09 million. - Ben Fidler Haven's sale to secureds OK'd A Connecticut judge approved bankrupt Haven Eldercare LLC's sale of its nursing homes to its secured creditors for $93 million in credit bids.- Jamie Mason One IP to seek reorg approval After more than a year in bankruptcy, One IP Voice Inc. will ask a Connecticut judge to approve its disclosure statement. The provider of telecommunications systems, services and refurbished parts will seek approval of its reorganization plan on July 31. - Carolyn Okomo Categories Deal Video
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