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Thornburg Mortgage Securities Trust Chapter 11
From its name, it sounds to me like the debtor is in the business of
acquiring loans. I'd need to read some first-day motion narratives to
ascertain whether they're in such business. If so, they are authorized to
continued to do so under 363, but check the docket and there may be
something interesting about their authority in there.
On Wed, Mar 21, 2012 at 1:06 PM, Shannon Doyle wrote:
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> Is anyone familiar with the Thornburg Mortgage Securities Trust Chapter
> 11? Would the trustee/debtor be allowed to purchase new loans while in
> Chapter 11 without Court approval? Further, if the PSA agreement forbids
> the trust to acquire loans in default could it somehow do so in the Chapter
> 11? And why would a bankrupt trust acquire defaulting loans? Working on a
> very complex standing issue involving the trustee of this trust as the
> movant.****
>
> ** **
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> Shannon A. Doyle****
>
> Attorney at Law****
>
> [image: small logo]****
>
> 100 N. Barranca Avenue, Suite 250****
>
> West Covina, CA 91791-1600****
>
> Tel: (626) 646-2555****
>
> Fax: (626) 332-8644****
>
> www.blclaw.com ****
>
> ** **
>
>
>
Giovanni Orantes, Esq.
Orantes Law Firm, P.C.
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The post was migrated from Yahoo.
Is anyone familiar with the Thornburg Mortgage Securities Trust Chapter
11? Would the trustee/debtor be allowed to purchase new loans while in
Chapter 11 without Court approval? Further, if the PSA agreement forbids
the trust to acquire loans in default could it somehow do so in the
Chapter 11? And why would a bankrupt trust acquire defaulting loans?
Working on a very complex standing issue involving the trustee of this
trust as the movant.
Shannon A. Doyle
Attorney at Law
100 N. Barranca Avenue, Suite 250
West Covina, CA 91791-1600
Tel: (626) 646-2555
Fax: (626) 332-8644
www.blclaw.com
The post was migrated from Yahoo.