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Touting Plan, MLN Names Liquidation Trustee

Law360 (January 30, 2009, 12:00 AM EST) -- Having appointed a liquidation trustee, Mortgage Lenders Network USA Inc. is urging the bankruptcy court to confirm a liquidation plan and has set about trying to recover hundreds of thousands of dollars in preferential payments the company made while it was insolvent.

A plan supplement filed Thursday in the U.S. Bankruptcy Court for the District of Delaware names Neil F. Luria of Navigant Capital Advisors LLC the trustee in charge of establishing the liquidating trust in accordance with the proposed plan that was filed back in...
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