Tagged CALCQ

California Coastal’s Plan Confirmed

NEWS RELEASE Contacts: Raymond J. Pacini Chief Executive Officer California Coastal Communities, Inc. (949) 250-7781 CALIFORNIA COASTAL COMMUNITIES OBTAINS COURT CONFIRMATION OF PLAN OF REORGANIZATION ·Company expects to exit bankruptcy on March 1, 2011 IRVINE, California, February 24, 2011–California Coastal Communities, Inc. (OTCQB: CALCQ) announced that the United States Bankruptcy Court for the Central District…

California Coastal CommunitiesAgreement Approval Sought

Source: Bankruptcydata.com California Coastal Communities announced that the Company filed a motion for U.S. Bankruptcy Court authority to enter into a plan support agreement with a majority of its senior lenders comprising 81% of the senior revolving loan and 88% of the senior term loan (Lenders) that will enable the Company to proceed with a…