American Business Financial Services, Inc.  Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Enter Into A Transaction Which Is Outside The Ordinary Course Of Business

On April 8, 2015, an order regarding the motion for authority to enter into a transaction which is outside the ordinary course of business was filed in the bankruptcy case of American Business Financial Services, Inc.  and its affiliates.

The filing was assigned docket number 5857 and is described on the court’s official docket as follows:

Order Approving And Authorizing The Trustee To Satisfy A Certain Mortgage Between Francis Magliocco, Mortgager And HomeAmerican Credit Inc., d/b/a Upland Mortgage, As Mortgagee, Recorded In Gloucester County, New Jersey. (Related Doc # [5781]) Order Signed on 4/8/2015. (BJM)

American Business Financial Services, Inc.  filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on January 21, 2005. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Delaware. The case number for the lead bankruptcy case is 05-10203. The bankruptcy case is currently assigned to United States Bankruptcy Judge Mary Walrath. The law firm of Unknown is acting as lead bankruptcy counsel to American Business Financial Services, Inc.  in the bankruptcy case.


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