IN RE ORLEANS HOMEBUILDERS, INC.

Jointly Administered Case No. 10-10684 (KJC).

In re: ORLEANS HOMEBUILDERS, INC., et al., Chapter 11, Debtors.

United States Bankruptcy Court, D. Delaware.

February 17, 2017.


Attorney(s) appearing for the Case

Orleans Homebuilders, Inc., Debtor, represented by Jane A. Bee , Blank Rome LLP, Kimberly A. Brown , Landis Rath & Cobb LLP, Kevin Burke , Cahil Gordn & Reindell LLP, David W. Carickhoff , Archer & Greiner, P.C., Michael Carney , Cahil Gorden & Reindel LLP, Richard Scott Cobb , Landis Rath & Cobb LLP, Ronald L. Daugherty , Salmon, Ricchezza, Singer & Turchi, LLP, Robert J. Dehney , Morris, Nichols, Arsht & Tunnell, Kenneth L. Dorsney , Elliott Greenleaf, Jeffrey R. Drobish , Landis Rath & Cobb LLP, Bonnie Glantz Fatell , Blank Rome LLP, Stephen J. Gordon , Cahill Gordon & Reindel LLP, Victoria A. Guilfoyle , Blank Rome LLP, Gail E. Johnston , Cahill Gordon & Reindel LLP, Shelley A. Kinsella , Elliott Greenleaf, Theodore Allan Kittila , Greenhill Law Group, LLC, Neil Raymond Lapinski , Gordon Fournaris & Mammarella, Daniel R. LeCours , Cahill Gordon & Reindel LLP, Joel H. Levitin , Cahill Gordon & Reindel LLP, Peter J. Linken , Cahill Gordon & Reindel LLP, Curtis S. Miller , Morris Nichols Arsht & Tunnell, Kerri K. Mumford , Landis Rath & Cobb LLP, Alan Michael Root , Archer & Greiner P.C., Nicholas E. Skiles , Swartz Campbell LLC, Richard A. Stieglitz, Jr. , Cahill Gordon & Reindel LLP, Stanley B. Tarr , Blank Rome LLP & Rafael Xavier Zahralddin-Aravena , Elliott Greenleaf.

Official Committee of Unsecured Creditors, Creditor Committee, represented by Gerard S. Catalanello , Duane Morris LLP, Lawrence Joel Kotler , Duane Morris LLP, Richard W. Riley , Duane Morris LLP, Sommer Leigh Ross , Duane Morris, LLP & James J. Vincequerra .


OPINION2

(D.I. 4509)

BACKGROUND

Orleans Homebuilders, Inc. and related entities (the "Debtors" or "Orleans") build, develop, market, and sell single-family homes, townhouses and condominiums to homebuyers...

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