Mealey's Bankruptcy - Residential Capital Trust: Third-Party Release Bars Claim Against Mortgage Broker

Mealey's Bankruptcy - Residential Capital Trust: Third-Party Release Bars Claim Against Mortgage Broker

NEW YORK - The liquidating trust in the Chapter 11 bankruptcy of Residential Capital LLC (ResCap) on March 24 moved in the U.S. Bankruptcy Court for the Southern District of New York for an order enforcing an injunction against a third-party complaint against a mortgage broker working with ResCap's affiliate GMAC Mortgage on grounds that it is enjoined as a result of a third-party release (In Re: Residential Capital LLC, No. 12-12020, Chapter 11, S.D. N.Y. Bkcy.).

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