ResCap: Bankruptcy Court Should Not Permit $2.87M In Claims Against Estate

ResCap: Bankruptcy Court Should Not Permit $2.87M In Claims Against Estate

NEW YORK - Bankrupt Residential Capital LLC (ResCap) on Dec. 13 filed a brief in the U.S. Bankruptcy Court for the Southern District of New York arguing that the Bankruptcy Court should not permit various claims valued at $2,878,000 because the creditors failed to provide sufficient documentation of their claims and the claims are barred by the doctrine of res judicata (In Re: Residential Capital LLC, No. 12-12020, Chapter 11, S.D. N.Y. Bkcy.).

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