Mortgage Lenders' Creditors Get More Time

Law360, New York (July 26, 2007, 12:00 AM EDT) -- A bankruptcy court on Wednesday granted unsecured creditors of Mortgage Lenders Network USA Inc. extra time to file claims against the lender’s primary prepetition lender.

Judge Peter J. Walsh of the U.S. Bankruptcy Court for the District of Delaware extended the Aug. 2 deadline for the committee of unsecured creditors to assert claims against Residential Funding Co. LLC until Aug. 31, although the committee had asked for an additional 60 days to file claims against RFC and challenge RFC’s alleged liens and claims, known as the...
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