Accredited Home Tries To Block Conversion To Ch. 7

Law360, New York (June 30, 2009, 12:00 AM EDT) -- Mortgage lender Accredited Home Lenders Holding Co. has balked at a bid by creditors — led by a unit of JPMorgan Chase & Co. — to convert its bankruptcy to Chapter 7, arguing that its liquidation plans have moved expeditiously and efficiently to eliminate significant expenses.

The San Diego-based company said in an objection filed Tuesday in the U.S. Bankruptcy Court for the District of Delaware that prior to filing for bankruptcy protection on May 1 it had developed and implemented a plan to maximize value...
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