Thornburg Mortgage Securities Trust Chapter 11
Posted: Wed Mar 21, 2012 2:57 pm
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****
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> Attorney at Law****
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