Bankrupt ResCap did not put value on intercompany claims - exec | Business Information & News | Westlaw

Bankrupt ResCap did not put value on intercompany claims - exec | Business Information & News | Westlaw

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11/21/13 REUTERS 13:04:05
REUTERS
Copyright © 2013 Thomson Reuters
November 21, 2013
Bankrupt ResCap did not put value on intercompany claims - exec
By Nick Brown
NEW YORK (Reuters) - Bankrupt mortgage lender Residential Capital LLC made no effort to put a value on the legal claims that are now an obstacle to its plan to repay creditors, the company's restructuring chief said on Wednesday.
ResCap...
---- Index References ----
Company: ALLY FINANCIAL INC; RESIDENTIAL CAPITAL LLC
News Subject: (Mortgage-Backed Markets (1MO87); Real Estate Investments (1RE04); Corporate Groups & Ownership (1XO09); Business Management (1BU42); Securitization (1SE75); Funding Instruments (1FU41); Corporate Events (1CR05); Bankruptcies (1BA08); Corporate Restructuring (1RE42))
Industry: (Investment Management (1IN34); Financial Services (1FI37); Retail Banking Services (1RE38); Banking (1BA20); Consumer Finance (1CO55); Loans (1LO12); Securities Investment (1SE57); Mortgage Banking (1MO85))
Region: (North America (1NO39); USA (1US73); New York (1NE72); U.S. Mid-Atlantic Region (1MI18); Americas (1AM92))
Language: EN
Other Indexing: (Martin Glenn; Lewis Kruger)
Keywords: bankruptcy (MCC:OEC); (N2:US); (N2:BKRT); (N2:USANY); (N2:BACT); (N2:AMERS); (subj:04016007); (subj:04016000); (N2:USA); (a1312cat:f); (MCCL:OEC)
Word Count: 587
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