Residential Capital Seeks To Settle $8M Claim By Paying $287,740.40 To Loan Agency

Residential Capital Seeks To Settle $8M Claim By Paying $287,740.40 To Loan Agency

NEW YORK - Bankrupt Residential Capital LLC (ResCap) on Aug. 19 moved for approval of a plan to pay a cure amount of $287,740.40 to settle an $8 million claim against the estate by a loan servicing agency based on assets that were excluded from ResCap's asset purchase agreement in which it sold its loan service platform (In Re: Residential Capital LLC, No. 12-12020, Chapter 11, S.D. N.Y. Bkcy.).

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