On July 8, 2015, a motion for the court to abstain or withdraw the reference from the bankruptcy court was filed in the bankruptcy case of Residential Capital, LLC and its affiliates.
The filing was assigned docket number 8856 and is described on the court’s official docket as follows:
Motion for Abstention Under Section 305 for Permissive Abstention filed by Spencer Allen Tew on behalf of Law Offices of David J. Stern, P.A.. (Attachments: # (1) Exhibit Escrow Agreement # (2) Exhibit Proposed Abstention Order) (Tew, Spencer)
Residential Capital, LLC filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on May 14, 2012. The bankruptcy case is pending before the United States Bankruptcy Court for the Southern District of New York . The case number for the lead bankruptcy case is 12-12020. The bankruptcy case is currently assigned to United States Bankruptcy Judge Martin Glenn. The law firm of Morrison & Foerster LLP is acting as lead bankruptcy counsel to Residential Capital, LLC in the bankruptcy case.