Editor’s note: This is the first in a two-part series. The second part is set to run in Tuesday’s paper.
No segment of the United States economy was more affected by the Great Recession than the homebuilding industry. Only now, in 2012, are signs of recovery beginning to emerge. It is fitting that one of the most significant bankruptcy cases if measured by law-firm alerts, panel discussions and email blasts involves a bankrupt homebuilder. This case also demonstrates how judges can review the same factual record and come to opposite legal conclusions.
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