People's Choice Seeks Exclusivity Extension

Law360, New York (September 26, 2007, 12:00 AM EDT) -- People's Choice Home Loans Inc. has asked a California bankruptcy judge for a two-month extension of its exclusive rights to file and lobby for support of a reorganization plan, warning that allowing any parties other than the debtors and the official committee of unsecured creditors to file a plan could torpedo the non-prime mortgage lender's restructuring process.

People's Choice filed its extension bid on Tuesday, asking U.S. Bankruptcy Judge Robert N. Kwan to extend the debtors' exclusive rights to file a plan until until Nov. 30,...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.