(EMAILWIRE.COM, June 13, 2008 ) FAIRLESS HILLS, Pa. -- June 13, 2008 -- Bankruptcy Creditors' Service, Inc., published Issue No. 3 of LANDSOURCE BANKRUPTCY NEWS today. The 20-page newsletter contains stories with these headlines:

[00011] DEBTORS' MOTION FOR $1B ROLL-UP, $135M LOAN FROM BARCLAYS
[00012] DEBTORS' MOTION TO USE EXISTING CASH MANAGEMENT SYSTEM
[00013] DEBTORS' MOTION FOR JOINT ADMINISTRATION OF CASES
[00014] DEBTORS' MOTION TO EMPLOY KURTZMAN AS CLAIMS AGENT
[00015] DEBTORS' MOTION TO PAY NEWHALL STAFF'S PREPETITION CLAIMS
[00016] DEBTORS' MOTION TO PAY PREPETITION PROPERTY & SALES TAXES
[00017] DEBTORS' MOTION TO DEEM UTILITIES ADEQUATELY ASSURED
[00018] DEBTORS' MOTION TO EMPLOY RICHARDS LAYTON AS CO-COUNSEL
[00019] DEBTORS' MOTION TO EMPLOY LAZARD FRERES AS FIN'L ADVISOR
[00020] DEBTORS' MOTION TO TAP SITRICK AS COMMUNICATIONS ADVISORS
[00021] DEBTORS' MOTION TO EMPLOY ORDINARY COURSE PROFESSIONALS
[00022] LENNAR MAY LOSE 16% STAKE, COULD BE EXPOSED TO CLAIMS
[00023] CalPERS DOWNPLAYS EXPOSURE BUT MULLS LAND STAKE SALES
[00024] U.S. TRUSTEE SETS JUNE 20 MEETING TO FORM COMMITTEES

A copy of today's newsletter can be purchased on-line with a major credit card at https://ecommerce.bankrupt.com/bin/ibl_re?co_name=LANDSOURCE for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.

LANDSOURCE BANKRUPTCY NEWS tracks the restructuring of LandSource Communities Development LLC.

How to Subscribe to LANDSOURCE BANKRUPTCY NEWS

LANDSOURCE BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail. New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases. The subscription rate is $45 per issue. Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax. Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions. Subscriptions may be canceled at any time without further obligation.

To continue receiving LANDSOURCE BANKRUPTCY NEWS, please complete and submit the subscription form at https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=LANDSOURCE

Contact Information:
Bankruptcy Creditors' Service, Inc.
Peter A. Chapman
Tel: (215) 945-7000
Email us


This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.