Delays In Appointing Examiner Give Lender Trouble

Law360, New York (August 28, 2007, 12:00 AM EDT) -- A bankruptcy judge on Friday instructed the U.S. Trustee to appoint an examiner to investigate mortgage lender TransLand Financial Services Inc. and oversee its financial transactions—but by Monday, the lender had already asked for relief from the court.

Judge Arthur B. Briskman of the U.S. Bankruptcy Court for the Middle District of Florida issued an order directing the appointment of an examiner, one day after three creditors filed an involuntary petition for Chapter 11 against TransLand. By Monday, however, no examiner had been appointed and the...
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