Surprise: Former LandAmerica customers vote for bankruptcy plan

LandAmerica’s former 1031 exchange customers have come to the final stage of grief: acceptance.

After a fiercely contested – and emotional – battle against the formerly Richmond-based title insurance company, 97 percent of the exchangers voted for the bankruptcy plan. Read more

LandAmerica settlement hard swallow for former customers

Talk about being between a rock and a hard place.

LandAmerica’s former 1031 exchange customers can either battle themselves for the shrinking scraps of the bankrupt company or collect some money now and hope two other lawsuits recover the rest of their money.

And that second part could take years.

Around 350 customers who used the Richmond-based company have until Nov. 10 to vote on a plan that divides the bankrupt company’s current assets and lays out how future proceeds will be divided. Read more