Securitization and Bankruptcy: Court to Decide Whether Bankrupt Loan Servicer Retains Servicing Rights Terminated Prior to Bankruptcy - Part I of II
A dispute between a bankrupt loan servicer and the insurer that guaranteed payments to bondholders secured by the loans, will be decided by a U.S. Bankruptcy Judge in Delaware next week. Part 1 of this Client Alert summarizes the issues and the positions of the parties. Part 2, which will be published after the Bankruptcy Court hearing on February 7, 2005, will summarize the Court’s ruling or, if the matter is otherwise settled, the final resolution of the issues.
To read this publication in its entirety, click the link in the adjacent "Downloads" section.