(EMAILWIRE.COM, May 13, 2009 ) FAIRLESS HILLS, Pa. -- May 13, 2009 -- Bankruptcy Creditors' Service, Inc., published Issue No. 21 of LANDSOURCE BANKRUPTCY NEWS today. The 41-page newsletter contains stories with these headlines:

[00328] BARCLAYS FILES SECOND AMENDED REORG PLAN FOR LANDSOURCE
[00329] BARCLAYS' MOTION FOR $140MM BACKSTOP RIGHTS PURCHASE PACT
[00330] COURT ADJOURNS DISCLOSURE STATEMENT HEARING TO MAY 20
[00331] DISCLOSURE STATEMENT OBJECTIONS -- PBGC, et al.
[00332] DISCLOSURE STATEMENT OBJECTIONS -- Sam Hill & CH2M
[00333] COMMITTEE'S MOTION TO CHALLENGE LIENS & ASSERT CLAIMS
[00334] LMI'S MOTION TO OKAY CANANWILL PREMIUM FINANCING PACT
[00335] ADVERSARY PROCEEDING -- Washington Square vs. Dolce View
[00336] DEBTORS' NOTICE TO RESELL WASHINGTON SQUARE PROPERTY
[00337] DEBTOR'S NOTICE TO SELL SOUTHERN CA PROPERTIES FOR $8-MIL
[00338] DEBTORS' 1ST OMNIBUS OBJECTION TO CLAIMS
[00339] DEBTORS' 3RD OMNIBUS OBJECTION TO CLAIMS
[00340] DEBTORS' APPLICATION TO TAP BILZIN AS CORPORATE COUNSEL
[00341] DEBTORS' APPLICATION TO TAP DELOITTE TAX AS ACCOUNTANTS
[00342] DEBTORS' MOTION TO EMPLOY ORDINARY COURSE PROFESSIONALS
[00343] CIT'S MOTION TO COMPEL DEBTORS TO DECIDE ON LEASE
[00344] CAT FINANCIAL'S MOTION TO LIFT STAY TO FORECLOSE PROPERTY
[00345] BAY SOUTH'S MOTION TO LIFT STAY TO FORECLOSE PROPERTY
[00346] MASONRY GROUP CALIFORNIA'S MOTION TO FILE LATE CLAIM
[00347] ORANGE COUNTY TAX COLLECTOR'S REQUEST FOR ADMIN PAYMENT
[00348] BANKRUPTCY PROFESSIONALS' 2ND INTERIM FEE APPLICATIONS
[00349] ADVERSARY PROCEEDING -- Newhall vs. Fenceworks
[00350] RURAL COMMUNITY FILES NOTICE OF CLAIM WITHDRAWAL
[00351] AMTECH ELEVATOR COUNSEL CHANGES NAME TO BIFFERATO LLC
[00352] DEBTORS' MONTHLY OPERATING REPORT -- February 2009

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.

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