ResCap Examiner's Prebankruptcy Report Delayed Again

Law360, New York (February 07, 2013, 5:21 PM ET) -- As Residential Capital LLC continues to claw its way toward a bankruptcy exit, a report examining the mortgage service provider's controversial prebankruptcy transactions has been delayed until at least May, a court-appointed examiner said at a hearing Thursday.

The examiner, retired U.S. Bankruptcy Judge Arthur J. Gonzalez, said his team will need more time to complete the report after receiving about 2 million more documents than it had expected at the end of January. It's the second time the examiner has requested more time to complete...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required