- 11 U.S.C.
In re Residential Capital LLC
Oct
23
2012
Ruling
Appointment of Official Committee of Borrowers, whose loans were serviced by debtor, denied.
Procedural posture
Debtors, an LLC that serviced residential mortgages and affiliated businesses, declared chapter 11 bankruptcy, and the court appointed an Official Committee of Unsecured Creditors to protect creditors' interests. Homeowners who executed mortgages that were serviced by the debtors asked the court to appoint an Official Committee of Borrowers to protect their interests. The debtors and the Creditors' Committee opposed the homeowners' motion.
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Court
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