BankUnited Financial creditors committee delays plan hearing again

By Lisa Kerner

Charlotte, N.C., Sept. 23 - BankUnited Financial Corp.'s official committee of unsecured creditors agreed to reschedule hearings to Nov. 21 from Sept. 28, according to a Friday filing with the U.S. Bankruptcy Court for the Southern District of Florida.

The hearings were for motions related to establishing procedures for solicitation and tabulation of votes to accept or reject the committee's first amended joint plan of liquidation and scheduling a hearing for the plan confirmation.

The hearings had previously been rescheduled from Aug. 9.

According to the committee, an approximate 45-day continuance is appropriate for the parties to discuss a potential alternative to its proposed plan of liquidation.

BankUnited Financial, the holding company for BankUnited FSB, is based in Coral Gables, Fla. The company filed for bankruptcy on May 22, 2009. The Chapter 11 case number 09-19940.

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