Dispute Over Alliance Mortgage Trustee Continues

Law360, New York (September 10, 2007, 12:00 AM EDT) -- The U.S. Trustee and creditors of Alliance Mortgage Investments Inc. have continued to spar over the election of a permanent trustee to oversee the bankrupt mortgage lender's Chapter 7 case, even arguing over the date of an upcoming hearing.

In a motion filed Friday in the U.S. Bankruptcy Court for the District of Delaware, interim Chapter 7 Trustee Montague S. Claybrook requested a continuance, which would push the scheduled hearing on the trustee election dispute from Sept. 12 to Sept. 19. Wells Fargo Bank NA, which...
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