Mortgage Lenders Wins More Time To File Plan

Law360, New York (March 26, 2008, 12:00 AM EDT) -- Mortgage Lenders Network USA Inc.'s exclusive rights to file and seek support for a Chapter 11 plan have been extended through the middle of May, allowing the company and its creditors committee time to reach an agreement on a mutually acceptable plan.

U.S. Bankruptcy Judge Peter J. Walsh of the District of Delaware signed an order Tuesday extending Mortgage Lenders Network's exclusive filing rights through May 15, 2008, and extending the debtor's exclusive solicitation period through June 30, 2008.

The extension order handed down by Judge...
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