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...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.