Lake Las Vegas Exits Chapter 11

HENDERSON, NV-Lake Las Vegas, a 3,592-acre master-planned residential and resort community, has completed the steps necessary to effectuate its plan of reorganization and has successfully emerged from Chapter 11. “This is an extraordinary result,” says Frederick Chin, CEO of Lake Las Vegas, and founder of the Atalon Group LLC.

“The homebuilders, creditors, residents, homeowner groups, vendors, and the City of Henderson worked together to preserve the integrity of the community, resolve a multitude of complex issues that hindered its continuation and establish a platform for the future that enhances the objectives of property owners, homebuilders, lenders and local government,” he adds. “Through hard work and the tireless belief in the long-term viability of Lake Las Vegas, we were able to overcome market and other challenges and accomplish our goals,” he said.