Try our Advanced Search for more refined results

Residential Capital, LLC

Track this case

Case overview

Case Number:

1:12-bk-12020

Court:

New York Southern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. November 27, 2013

    Credit Union's $78M Claims Against ResCap OK'd By Judge

    A New York bankruptcy judge on Tuesday approved a deal between bankrupt Residential Capital LLC and the National Credit Union Administration Board that will see NCUAB's general unsecured claims slashed from over $290 million to $78 million.

  2. November 26, 2013

    ResCap's Mortgage Loan Borrower Deal Gets Green Light

    Residential Capital LLC received final approval from a New York bankruptycy judge on Tuesday for its settlement with a class of mortgage loan borrowers, a deal that reduces the class' $1.9 billion in claims to a $300 million allowed claim against a ResCap unit.

  3. November 25, 2013

    ResCap Confirmation Trial Will Wrap Up In December

    The battle between Residential Capital LLC and a group of bondholders over hundreds of millions of dollars — as well as confirmation of ResCap's proposed liquidation plan — won't be resolved for at least two weeks as attorneys agreed Monday to argue the issues one last time in December.

  4. November 20, 2013

    ResCap Bondholders Grill CRO On Intercompany Debt

    The chief restructuring officer for the bankrupt Residential Capital LLC on Wednesday said the value of individual intercompany claims that are connected to a group of bondholders' bid for an additional $342 million payout was never seriously considered during settlement talks during the bankruptcy.

  5. November 19, 2013

    ResCap Touts Ch. 11 Plan As Bondholders Push For More Pay

    Residential Capital LLC on Tuesday said the objections of a group of junior secured noteholders cannot block the confirmation of its liquidation plan, saying the plan resolves billions of dollars in claims and has almost unanimous support otherwise.

  6. November 15, 2013

    ResCap Wins In Bondholder Row Over $342M Interest Payout

    Residential Capital LLC scored a significant victory Friday when a bankruptcy judge ruled that a group of junior secured noteholders are not entitled to $342 million in additional interest on the debt they hold, ending the first part of a lengthy and hotly litigated dispute.

  7. November 06, 2013

    ResCap, Bondholders Throw Final Punches In Interest Row

    Residential Capital LLC on Wednesday told a bankruptcy judge that a group of junior secured noteholders seeking $342 million in additional payouts have failed to show that the scope of the liens they hold on ResCap's assets is as expansive as they claim.

  8. November 04, 2013

    ResCap Confident Ch. 11 Exit Will Be Smooth

    Attorneys for Residential Capital LLC and its unsecured creditors told a New York bankruptcy court Monday that they expect the fallen mortgage servicer's plan confirmation hearing to be largely uncontested, with the exception of a long-running dispute over interest payments to junior secured noteholders.

  9. October 29, 2013

    Ally Settles Feds' Mortgage Suits, Records $170M Charge

    Ally Financial Inc., former parent of bankrupt Residential Capital LLC, announced Tuesday that it will record a $170 million charge in the third quarter after settling federal regulators' New York litigation over mortgage-backed securities for an unknown amount.

  10. October 23, 2013

    FHFA Joins Opposition To ResCap Ch. 11 Plan

    The Federal Housing Finance Agency objected Tuesday to Residential Capital LLC's Chapter 11 plan, arguing that it fails to provide the agency its claim of first priority to payment and unfairly gives it a smaller distribution percentage than the general unsecured creditors will receive.

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!