Tarragon Corp. Files First Day Pleadings

As reported earlier, Tarragon Corp. and numerous affiliates filed for bankruptcy today (more details on the bankruptcy filing can be found here).  As is customary in large corporate bankruptcy filings, Tarragon also filed motions and applications for relief from certain bankruptcy code sections and rules in order to allow the companies to continue to operate their businesses.  The following is a list of the companies’ first day pleadings filed thus far (follow the links to view the documents using netDockets):

• Chapter 11 Voluntary Petition
• Application for Designation as a Complex Chapter 11 Case
• Motion for Joint Administration
• Motion to Extend Time to File Missing Schedules
• Motion for an Order Approving Debtors’ Filing of a Consolidated List of Their Thirty (30) Largest Unsecured Creditors
• Motion for Relief from Stay re: to the Extent Applicable, to Allow the Debtors and Third Parties to Continue Pending Arbitration and State Court Proceedings
• Motion for an Order (A) Authorizing the Debtors to Pay or Honor Prepetition Obligations Under Customer Programs; and (B) Authorizing Financial Institutions to Honor All Related Checks and Electronic Payment Requests
• Motion for an Order (A) Authorizing the Debtors to Continue Using Their Existing Cash Management System, Bank Accounts and Business Forms; (B) Authorizing Continued Intercompany Arrangements and Historical Practices; and (C) Waiving the Debtors’ Compliance with Investment Guidelines Under 11 U.S.C. Section 345(b)
• Motion for an Order: (A) Granting Interim Relief Pursuant to 11 U.S.C. Section 366(b); (B) Authorizing the Payment of Adequate Assurance for Postpetition Utility Services; (C) Fixing Final Hearing Date to Determine Adequate Assurance; and (D) Granting Other Related Relief
• Motion for Emergency and Final Orders: (I) Authorizing the Debtors to (A) Satisfy, and to the Extent Applicable, Direct ADP and any Payroll Banks to Honor, Pre-Petition Gross Salaries, Payroll Taxes and Related Employee Benefit Obligations to the Debtors’ Employees and (B) Honor, in their Discretion, Pre-Petition Sick, Vacation and Personal Days; and (II) Granting Other Related Relief
• Motion for Entry of an Order Authorizing the Debtors and their Non-Debtor Affiliates to Continue to Sell Residential Inventory in the Ordinary Course of Business and to Continue to Transfer the Sale Proceeds in Accordance with their Cash Management System
• Motion for Entry of an Order Enforcing the Protections of Section 525(a) of the Bankruptcy Code
• Motion for an Order Establishing Procedures for Sale of Assets
• Motion for an Order Pursuant to Sections 105(a), 362(a)(3) and 541 of the Bankruptcy Code (A) Limiting Certain Transfers of Equity Interests of the Debtors and Claims Against the Debtors and (B) Approving Related Notice Procedures
• Motion for an Order Authorizing the Retention and Compensation of Professionals Utilitized by the Debtors in the Ordinary Course of Their Business Nunc Pro Tunc to the Filing Date
• Motion for an Order Authorizing Debtor to Retain a Claims and Noticing Agent
• Application For Retention of Professional Cole, Schotz, Meisel, Forman & Leonard, P.A. as Bankruptcy Counsel
• Application For Retention of Professional Jones Day as Special Corporate Securities and Transactional Counsel
• Application For Retention of Professional BDO Seidman LLP as Financial Advisors
• Application For Retention of Professional Lazard Freres & Co. LLC as Investment Banker
• Application For Retention of Professional Travis Wolff & Company, LLP as Independent Auditors and Accountants
• Motion for an Administrative Order Establishing Procedures for Allowance and Interim Compensation and Reimbursement of Expenses to Professionals
• Affidavit of William S. Friedman in Support of Debtors’ “First Day Motions”
• Application for Expedited Consideration of First Day Matters

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