In an opinion that will have a significant impact on the viability of debt for debt exchanges and out of court restructurings, Judge Martin Glenn of the U.S. Bankruptcy Court for the Southern District of New York has refused in
Continue Reading Interesting ResCap FactOID – Court Rejects Effort to Disallow Portion of Bond Claims Based on “Original Issue Discount”
Judge Martin Glenn
Not Required, But Still Appropriate – Judge Glenn Appoints Examiner in ResCap
By Ben Feder on
Posted in Chapter 11
The chapter 11 case of mortgage lender and servicer Residential Capital, LLC (“ResCap”) is fascinating on a number of levels. Its parent company, Ally Financial, Inc. (“AFI”), hopes to use ResCap’s bankruptcy to extricate itself from potential liabilities arising from the…
Continue Reading Not Required, But Still Appropriate – Judge Glenn Appoints Examiner in ResCap