New Century Seeks To Push Plan Through

Law360, New York (May 8, 2008, 12:00 AM EDT) -- Though the Chapter 11 reorganization plan of New Century TRS Holding Corp. has come under fire from several parties in the lender's bankruptcy, the company continues to push for approval.

On Wednesday, New Century filed a post-hearing brief in support of the confirmation of its plan of liquidation in which the company addressed objections to the plan.

In the brief, filed in the U.S. Bankruptcy Court for the District of Delaware, New Century and its official committee of unsecured creditors say the plan does not inflate...
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