Homeowners Seek Stay Relief from WL Homes to Pursue Insurance

Another group of Nevada homeowners is asking a federal bankruptcy judge for permission to pursue a lawsuit against bankrupt homebuilder WL Homes LLC for constructing defective houses, Bankruptcy Law360 reported. Robert Bransky and several dozen owners of homes in WL Homes' Whisper Creek and Four Winds subdivisions filed a motion for relief from the automatic stay in bankruptcy court on September 28, 2009 in the US Bankruptcy Court of Delaware, saying the company's insurer, American International Group Inc., would be liable for any damages arising from their suit. The homeowners told the court they would collect any judgment from the insurance company and waived their rights to recover any settlement from WL Homes. The original lawsuit was filed in state court December 31st, several months before WL Homes declared bankruptcy in April.

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Bob Schaller


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