Mealey's Bankruptcy - ResCap Trust: $32.85M Claim Filed In 'Bad Faith' And Should Be Disallowed

Mealey's Bankruptcy - ResCap Trust: $32.85M Claim Filed In 'Bad Faith' And Should Be Disallowed

NEW YORK - The Residential Capital Borrower Claims Trust on June 16 filed a brief in the U.S. Bankruptcy Court for the Southern District of New York, contending that a couple's $32.85 million claim against the bankruptcy estate should be disallowed because it was not timely filed and it demonstrates conduct that was "dilatory and in bad faith" (In Re: Residential Capital LLC, No. 12-12020, Chapter 11, S.D. N.Y. Bkcy.).

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