General Information Case Information Contact Information Frequently Asked Questions

Introduction

On January 12, 2009, January 13, 2009 and February 5, 2009, Tarragon Corporation and 24 of its affiliates identified under "Case Information" above (collectively, the "Debtors"), filed voluntary petitions for relief under chapter 11 of the United States Bankruptcy Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the District of New Jersey (the “Bankruptcy Court”).The Debtors' cases were each assigned separate case numbers (collectively, the "Bankruptcy Cases"), which are being jointly administered under Case No. 09-10555 (DHS). The Bankruptcy Cases are pending before the Honorable Donald H. Steckroth.

Shortly after the commencement of these cases, the United States Trustee for the District of New Jersey (the "UST") appointed a committee of creditors holding unsecured claims (the "Creditors' Committee”). Information about the Creditors' Committee can be found on this Web site by clicking on "Frequently Asked Questions," above.

The Bankruptcy Code (specifically including, but not limited to, 11 U.S.C. § 362) affords a debtor certain protections against its creditors. For example, the Bankruptcy Code prohibits creditors from taking certain actions against the Debtors related to debts that were incurred prior to the commencement of the Bankruptcy Cases. If you believe that you might be a creditor of the Debtors based upon debts arising prior to the date on which such Debtor filed for bankruptcy, and you are considering taking action based upon your status as a creditor, you should first seek legal advice. The staff of Epiq is not permitted to give legal advice.

On May 11, 2010, the Bankruptcy Court issued an Order approving the Debtors’ Second Amended and Restated Disclosure Statement Pursuant to Section 1125 of the Bankruptcy Code (“Disclosure Statement”). And on June 18, 2010, the Bankruptcy Court entered an order (the “Confirmation Order”) confirming the Debtors’ Second Amended and Restated Joint Plan of Reorganization Under Chapter 11 of the Bankruptcy Code (the “Plan”) The Plan became effective on July 6, 2010 (the “Effective Date”).

Pursuant to the Plan and a related Liquidating Trust Agreement (the “LTA”), the Tarragon Creditor Entity (the “TCE”) was formed on the Effective Date and WBT LLC became the Trustee of the TCE (the “Trustee”). As set forth in greater detail in the Plan and the LTA, the purpose of the TCE is to resolve, liquidate and realize upon the Trust Assets (as defined in the LTA) for the benefit of the holders of Allowed Claims (as defined in the Plan). Among other things, the Trustee has responsibility for reducing the assets of each Reorganized Debtor to cash and making pro rata distributions of that cash to the holders of Allowed Claims against each Debtor. Copies of the Trustee’s periodic reports to creditors can be found on this Web site by clicking on “Case Information,” above.

This Web site was created to assist the Creditors' Committee in providing access to information to unsecured creditors and to solicit and receive comments from such creditors. Pursuant to Section 5.2 of the LTA, this Web site is presently maintained by the Trustee in order to provide periodic reports to creditors on the status of the liquidation of the Trust Assets. If you have any questions or comments you wish to share with TCE, please send an email to dalowenthal@pbwt.com or bguiney@pbwt.com.

Copies of the Plan, Disclosure Statement, Disclosure Statement Order, Confirmation Order, and LTA can be found on this Web site by clicking on “Case Information,” above.

Useful Links

Debtors' Information Website: http://www.kccllc.net/tarragon (This website contains, among other items, an unofficial copy of the Court Docket and the official copy of the Claims Register.)
Bankruptcy Court: http://www.njb.uscourts.gov

Website Information

From time to time, certain key documents filed in the Bankruptcy Cases or otherwise made available by the Debtors or the Creditors' Committee will be available by selecting the "Key Documents" link above. Should you have any questions relating to this website, please feel free to contact us at (646) 282-2400.

Plan and Disclosure Statement

On May 11, 2010, the Debtors filed their Second Amended and Restated Joint Plan of Reorganization Under Chapter 11 of the Bankruptcy Code ("Plan") and related Second Amended and Restated Disclosure Statement Pursuant to Section 1125 of the Bankruptcy Code for the Debtors' Chapter 11 Plan of Reorganization ("Disclosure Statement") with the Bankruptcy Court. By order dated May 11, 2010, the Bankruptcy Court entered an Order approving the Disclosure Statement and determining that it contains "adequate information" with respect to the Plan ("Disclosure Statement Order").


On May 11, 2010, the Bankruptcy Court issued an Order approving, among other things, the Disclosure Statement. The Plan was confirmed on June 18, 2010 and became effective on July 6, 2010 (the “Effective Date”).

A copy of the Plan can be obtained by clicking here.

A copy of the Disclosure Statement can be obtained by clicking here.

A copy of the Disclosure Statement Order can be obtained by clicking here.

A copy of the Order confirming the Plan can be obtained by clicking here.

A copy of the LTA can be obtained by clicking here.


If you are a creditor of any of the Debtors, your rights may be affected by the Plan. You are strongly encouraged to review the Disclosure Statement and the Plan. The Disclosure Statement contains detailed information about the Plan and projected creditor recoveries.

TCE Trustee’s Reports to Creditors

For copies of the Trustee's Interim Reports, please click on the links below: