We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

New Century Creditors Investigate Its Collapse

Law360 (April 30, 2007, 12:00 AM EDT) -- Bankrupt subprime lender New Century Financial Corp.’s official committee of unsecured creditors has made moves to investigate the company both before and after its collapse.

On Friday, the creditors filed a motion with the U.S. Bankruptcy Court for the District of Delaware asking for permission to obtain and examine New Century’s corporate documents under Bankruptcy rules 2004 and 9016. The creditors are hoping to investigate the events leading up to the lender’s bankruptcy.

The creditors asked for the production of all documents relating to New Century’s...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.