American Home Mortgage Files Amended Ch. 11 Plan

Law360, New York (February 6, 2009, 12:00 AM EST) -- Bankrupt American Home Mortgage Holdings Inc. has put forward an amended liquidation plan, addressing widespread objections including those of the U.S. Securities and Exchange Commission and the Internal Revenue Service.

The plan, filed Thursday in the U.S. Bankruptcy Court for the District of Delaware, is the product of extensive negotiations among the debtors, creditors and other parties in interest, according to the mortgage lender's memorandum in support of the plan

The plan contemplates the transfer of the debtors' assets to a trust, which would manage their...
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