In a decision that may have implications for holders of community development district bonds and other similar “dirt bonds,” a Florida bankruptcy court has ruled that holders of community development district bonds do not always have plan voting rights when the underlying developer — as opposed to the development district itself — is the bankruptcy debtor.
USA, Florida, Insolvency & Restructuring, Public, Real Estate, Mintz, Bond (finance), Bankruptcy, Debtor, Interest, Voting, Municipal bond, Trustee, United States bankruptcy court, US District Court for Middle District of Florida