Mortgage Lenders Network Seeks Extension

Law360, New York (January 2, 2008, 12:00 AM EST) -- Mortgage Lenders Network USA Inc. is asking the court overseeing its Chapter 11 proceedings for a 90-day extension of its exclusive period for filing a reorganization plan.

The company said that it has made significant process, but it needs more time to put together its restructuring plan.

Mortgage Lenders filed a motion on Monday seeking U.S. Bankruptcy Judge Peter J. Walsh's approval of the extension, marking the third time Mortgage Lenders has asked to have its exclusive rights extended since it filed for bankruptcy in February...
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