Mealey's Bankruptcy - Bankruptcy Judge Denies Claim For More Than $29.84M Against Residential Capital

Mealey's Bankruptcy - Bankruptcy Judge Denies Claim For More Than $29.84M Against Residential Capital

NEW YORK - The federal bankruptcy judge presiding over the Chapter 11 case of Residential Capital LLC (ResCap) in the U.S. Bankruptcy Court for the Southern District of New York on Feb. 26 denied a creditor's claim for $29,841,120.01 because the creditor is not entitled to distribution under the Chapter 11 plan or pursuant to federal rules governing bankruptcy procedure (In Re: Residential Capital LLC, No. 12-12020, Chapter 11, S.D. N.Y. Bkcy.).

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