Borrower Class Says $57M ResCap Set-Aside Isn't Enough

By Maria Chutchian · August 8, 2013, 6:47 PM EDT

A class of residential mortgage borrowers on Thursday attacked Residential Capital LLC's Chapter 11 plan, saying it improperly aims to keep them from suing nondebtor entities and that the $57.6 million...

To view the full article, register now.

Try a seven day FREE Trial

Already a subscriber? Click here to login

Documents

Objection

Case Information

Case Title

Residential Capital, LLC

Case Number

Court

New York Southern

Nature of Suit

Date Filed

May 14, 2012

Recent Articles By Maria

June 23, 2014
ResCap Judge Tells Ally Mortgage Claimants To Back Off
June 20, 2014
Australia's Octaviar Prevails On 2nd Bid For Ch. 15 Relief
June 13, 2014
MSR Resort Subsidiary Settles $59M Five Mile Dispute
April 09, 2014
Five Mile Loses Appeal Of MSR Hotels' Bankruptcy Plan
March 05, 2014
ResCap Examiner To Produce Testimony For RMBS Probe
February 13, 2014
Lehman Inks $767M Deal To Resolve Freddie Mac Claim
January 30, 2014
ResCap Judge Says $2M CRO Bonus Not Tied To Hourly Pay
January 29, 2014
Lehman Judge Says Goodbye, OKs $2B Fannie Mae Deal
January 27, 2014
ResCap Says Restructuring Chief Deserves $2M Bonus
January 07, 2014
Loehmann's Inventory, IP Sales Get Bankruptcy Judge's OK