Fwd: NACBA to seek relief from stay in ResCap/Ally/GMAC Chapter 11
Posted: Fri May 18, 2012 2:54 pm
FYI....Be Careful out there....
Dear Fellow NACBA Member:
In response to the recent Chapter 11 bankruptcy filing by ResCap,
the mortgage arm of Ally Financial, formerly known as GMAC Mortgage,
NACBA will be seeking global relief from the automatic stay to allow
consumers in bankruptcy cases of their own to bring actions in those
cases related to ResCap/Ally/GMAC claims. NACBA is committed to
quickly obtaining the broadest and most efficient relief from the
stay as possible, so that consumers and their attorneys can continue
to bring lien-strip actions, objections to claim, and other actions
in bankruptcy cases, without having to individually seek permission
from the bankruptcy court in New York. NACBA is both working with
the U.S. Trustee and retaining counsel to bring appropriate
motions. NACBA will continue to provide updates as it moves forward
on this important matter.
Sincerely,
William Brewer, President
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