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Homebanc Wins 4 More Months Of Exclusivity

Law360 (November 27, 2007, 12:00 AM EST) -- The judge overseeing HomeBanc Mortgage Corp.'s Chapter 11 proceedings has given the bankrupt lender four more months to file a restructuring plan, after the debtors told the court that they needed an extension of their exclusive filing and solicitation rights so Homebanc could complete the sale of its servicing business.

U.S. Bankruptcy Judge Kevin Carey signed off on an order granting Homebanc's request to extend its exclusive right to propose a Chapter 11 plan for 122 days — through April 7, 2008 — and pushed back...
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