Judge Approves Subprime Lender's Trustee Request

Law360, New York (July 9, 2007, 12:00 AM EDT) -- A bankruptcy judge on Friday ordered that a U.S. Trustee be appointed to oversee MILA Inc., just days after the subprime lender filed for Chapter 11.

MILA, which does business as Mortgage Investment Lending Associates, filed for Chapter 11 on July 2 in the U.S. Bankruptcy Court for the Western District of Washington. The lender requested that a U.S. Trustee be appointed to its case, and asked to expedite the appointment hearing.

Four days later, MILA appeared before Judge Samuel J. Steiner. At the hearing, Judge...
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