Mealey's Bankruptcy - Judge: ResCap Creditor Fails To Meet Standard For Chapter 11 Plan Reconsideration

Mealey's Bankruptcy - Judge: ResCap Creditor Fails To Meet Standard For Chapter 11 Plan Reconsideration

NEW YORK - The federal bankruptcy judge in the U.S. Bankruptcy Court for the Southern District of New York presiding over the Chapter 11 case of Residential Capital LLC (ResCap) on April 23 denied reconsideration to a creditor who contended that the Bankruptcy Court abused its discretion when it confirmed ResCap's Chapter 11 plan, finding that he failed to meet the standard for reconsideration (In Re: Residential Capital LLC, No. 12-12020, Chapter 11, S.D. N.Y. Bkcy.).

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