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Home My WebLink AboutCOURT NOTICE Meeting of Creditors• GENERAL DEVELOPMENT CORPORATION c/o U.S. BANKRUPTCY COURT P.O. BOX 013391 MIAMI, FL 33101 UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF FLORIDA CHAPTER 11 JOINTLY ADMINISTERED CASE No. 90-12231-BKC-AJC In re: General Development Corporation, et al., Debtors. NOTICE OF MEETING OF CREDITORS, PROCEDURE TO FIDE CLAIMS AND BAR DATE TO THE DEBTORS, THEIR CREDITORS, SHAREHOLDERS AND OTHER PARTIES IN INTEREST: NOTICE IS HEREBY GIVEN, THAT: 1. Each of the Debtors named in paragraph 10 hereof filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code on the date indicated. 2. THE COURT HAS FIXED DECEMBER 10, 1990 AS THE DATE BY WHICH PROOFS OF CLAIM MUST BE FILED. DISPUTED CLAIMS NOT FILED BY THIS BAR DATE ARE GENERALLY NOT ALLOWED. A PROOF OF CLAIM IS ENCLOSED WITH THIS NOTICE. 3. A meeting of creditors (the "Creditors Meeting") shall be held on Thursday, August 16, 1990 at the Gusman Center for the Performing Arts, 174 E. Flagler Street, Miami, Florida, U.S.A., at 2:00 p.m. The Debtors shall appear by their executive officers at that time and place for the purpose of being examined. At the Creditors Meeting creditors and shareholders may examine the Debtors and transact such other business as may properly come before such meet- ing. The United States Trustee or his designee will preside at the Creditors Meeting. 4. You are invited to attend the Creditors Meeting but you need not do so. Your rights will not be prejudiced if you do not attend this meeting. The Office of the United States Trustee has appointed certain Committees to represent the interests of General Unsecured Creditors, Bondholders, Letter of Credit Issuers, Equity Security Holders, Receivables Purchasers, Lot Purchasers, and Home Purchasers at the Creditors Meeting and during the course of these Chapter 11 proceedings. The Creditors Meeting may be continued or adjourned from time to time by notice at such meeting without further written notice to credi- tors, shareholders and other parties in interest. 5. As a result of the filing of the petitions, certain acts and proceedings against the Debtors and their property have been, and continue to be, stayed as provided in 11 U.S.C. S 362(a). 6. The Debtors have filed their Schedules of Assets and Liabilities. You may obtain copies of the Schedules at a cost of 10 cents per page by con- tacting Exchange Photo, at (305) 358-3787. 7. Proofs of claim should be mailed to and filed with GENERAL DEVELOP- MENT CORPORATION, ET AL., c/o U.S. Bankruptcy Court, P.O. Box 013391, Miami, Florida 33101, U.S.A. Claims filed with the Court will be forwarded to Poorman- Douglas Corporation, who has been authorized by the Court to docket claims and maintain an official claims register. DO NOT MAIL YOUR CLAIM DIRECTLY TO POOR - MAN -DOUGLAS. The Clerk of the Bankruptcy will also maintain a duplicate official claims register. All claims filed of record may be inspected at the Clerk's Office, U.S. Bankruptcy Court, 51 S.W. First Avenue, Miami, Florida, during ordinary business hours (9:00 a.m.-5:00 p.m. e.s.t.). 0 • 8. Pursuant to Bankruptcy Rule 3003(b), the list of shareholders filed pursuant to Bankruptcy Rule 1007(a)(3) shall constitute prima facie evidence of the validity and amount of the equity security interests and it shall not be necessary for the holders of such interests to file a proof of interest. 9. Pursuant to Bankruptcy Rule 3003(c)(5), the Indenture Trustees for the holders of General Development Corporation 12-5/8% Subordinated Debentures due September 1, 2005 and 12-7/88 Senior Subordinated Debentures due August 1, 1995 will file class proofs of claim for any principal and interest due to all known and unknown holders of such Debentures. Accordingly, it shall not be 10. Please ensure the correct name of the Debtor and the appropriate case number are indicated in Section A of your proof of claim: Debtors Filing Date Case No. General Development Corporation General Development Financial Services, Inc. General Development Resorts, Inc. Florida Residential Communities, Inc. Five Star Homes Group, Inc. GDV Financial Corporation Environmental Quality Laboratory Inc. Five Star Homes, Inc. Florida Home Finders, Inc. 4/6/90 90-12231-BKC-AJC 4/6/90 90-12232-BKC-AJC 4/6/90 90-12233-BKC-AJC 4/6/90 90-12234-BKC-AJC 4/6/90 90-12235-BKC-AJC 4/6/90 90-12236-BKC-AJC 4/12/90 90-12337-BKC-AJC 4/12/90 90-12338-BKC-AJC 4/12/90 90-12339-BKC-AJC 11. For further information regarding these bankruptcy proceedings, you may call the GDC Bankruptcy Information Hotline at the following toll free telephone number: 1-800-955-4532 or locally, at (305) 859-4200. Dated: Miami, Florida July 7, 1990 WILMER, CUTLER & PICKERING GREENBERG, TRAURIG, HOFFMAN, Lead Counsel for Debtors LIPOFF, ROSEN & QUENTEL, P.A. 2445 M. Street, N.W. Co -counsel for Debtors Washington, D.C. 20037-1420 1221 Brickell Avenue Miami, Florida 33131 UNITED STATES BANKRUPTCY COURT r�t.liL"'I'e:.:i.a •i'= 0 Ei OTHERN DISTRICT OF FLORID48 GENERAL DEVELOPMENT CORPORATION c/o U.S. BANKRUPTCY COURT P.O. BOX 013391 MIAMI, FLORIDA 33101 In re: ) General Development Corporation, et al., ) ) Debtors. ) CHAPTER 11 JOINTLY ADMINISTERED CASE NO, 90-12231-BKC-AJC FLORIDA HOME FINDERS INC. NOTICE OF MEETING OF CREDITORS, PROCEDURE TO FILE CLAIMS AND BAR DATE TO THE CREDITORS OF FLORIDA HOME FINDERS, INC., Debtor in Possession in Jointly Administered Case No. 90- 12339-BKC-AJC: NOTICE IS HEREBY GIVEN, THAT: 1. Florida Home Finders, Inc., (the ''Debtor'') filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code on April 12, 1990. The Debtor's Chapter 11 case is being jointly administered for procedural purposes only with the above -styled Chapter 11 case of its parent, General Development Corporation. 2a. THE COURT HAS FIXED SEPTEMBER 10, 1990 (the ''Bar Date'') AS THE DATE BY WHICH PROOFS OF CLAIM MUST BE FILED provided, however, that in the event the Debtor does not file a plan of reorganization with the court by September 30, 1990, the Bar Date for filing proofs of claim and interest Tin the Debtor's case shall automatically be ex- tended to December 10, 1990. THIS MEANS THAT ALL CLAIMANTS MUST FILE THEIR PROOFS OF CLAIM ON OR BEFORE SEPTEMBER 10, 1990. DISPUTED CLAIMS NOT FILED BY THIS BAR DATE ARE GENERALLY NOT ALLOWED. 2b. PLEASE DISREGARD ANY PRIOR NOTICES RECEIVED INDICATING A DIFFERENT BAR DATE FOR THE DEBT- OR. A PROOF OF CLAIM IS ENCLOSED WITH THIS NOTICE. 3. A meeting of creditors (the ''Creditors Meeting' shall be held on Thursday, August 16, 1990 at the Gusman Center for the Performing Arts, 174 E. Flagler Street, Miami, Florida, U.S.A., at 2:00 p.m. The Debtor shall appear by its execu- tive officers at that time and place for the purpose of being examined. At the Creditors Meeting creditors and shareholders may examine the Debtor and transact such other business as may properly come before such meeting. The United States Trustee or his designee will preside at the Creditors Meeting. 4. You are invited to attend the Creditors Meeting but you need not do so. Your rights will not be prejudiced if you do not attend this meeting. The Office of the United States Trustee has appointed certain representatives to represent the interests of General Unsecured Creditors at the Creditors Meeting and during the course of these Chapter 11 proceed- ings. The Creditors Meeting may be continued or adjourned from time to time by notice at such meeting without further written notice to creditors, shareholders and other parties in interest. 5. As a result of the filing of the petition, certain acts and proceedings against the Debtor and its property have been and continue to be, stayed as provided in 11 U.S.C. 362(a). 6. The Debtor has filed its Schedules of Assets and Liabilities. You may obtain copies of the Schedules at a cost of 10 cents per page by contacting Exchange Photo, at (305) 358-3787. 7. Proofs of claim should be mailed to and filed with GENERAL DEVELOPMENT CORPORATION, ET AL., c/o U.S. Bankruptcy Court, P.O. Box 013391, Miami, Florida 33101, U.S.A. All claims filed of record may be inspected at the Clerk's Office, U.S. Bankruptcy Court, 51 S.W. First Avenue, Miami, Florida, during ordinary business hours (9:00 a.m. - 5:00 p.m. e.s.t.). 8. For further information regarding these bankruptcy proceedings, you may call the GDC Bankruptcy Information Hotline at the following toll free telephone number: 1 800-955-4532 or locally, at (305) 859-4200. Dated: Miami, Florida July 20, 1990 WILMER, CUTLER & PICKERING GREENBURG, TRAURIG, HOFFMAN Lead Counsel for Debtors LIPOFF, ROSEN & OUENTEL, P.A. 2445 M. Street, N.W. Co -counsel for Debtors Washington, D.C.. 20037-1420 1221 Brickell Avenue Miami, Florida 33131