ResCap Wins More Time To File Ch. 11 Plan

Law360, New York (December 20, 2012, 1:46 PM ET) -- A New York bankruptcy judge granted Residential Capital LLC more time with the exclusive right to file a Chapter 11 plan Thursday, saying that the case is extremely complicated and that a great deal of work still needs to be done.

U.S. Bankruptcy Judge Martin Glenn granted the debtor's motion for 70 more days to file a plan, extending the exclusivity period, which was set to expire Thursday, out to Feb. 28. The debtor will now have until April 29 to solicit acceptances for any plan...
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