ResCap Bondholders Drop Backing Of Ch. 11 Plan

By Lisa Uhlman · September 27, 2012, 6:29 PM EDT

Third-lien bondholders of Residential Capital LLC have dropped their support for the Ally Financial Inc. unit's Chapter 11 plan in order to preserve their ability to capitalize on bond-trading, freeing Ally...

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Case Information

Case Title

Residential Capital, LLC

Case Number

1:12-bk-12020

Court

New York Southern

Nature of Suit

Date Filed

May 14, 2012