The case is In re: Residential Capital LLC, U.S. Bankruptcy Court, Southern District of New York, No. 12-12020.
GMAC’s bankruptcy filings reveal that Deutsche Bank is listed as its largest unsecured creditor.
Also, as American Banker reports here:
Other large creditors include Bank of New York Mellon, U.S. Bank, and several bond insurers including MBIA and Ambac. Fannie Mae/Freddie Mac regulator, the Federal Housing Finance Agency, is also listed as a top creditor. But in the case of the FHFA and the bond insurers no debt amount is listed.
The filing only says that these debtors are owed money due to “contingent claim—securitization.”
Nine creditors of Residential Capital LLC, including AIG, were selected to join the unsecured creditors committee for the mortgage lender’s bankruptcy.
Other committee members include Bank of New York Mellon Corp , Deutsche Bank AG, bond insurers Financial Guaranty Insurance Co and MBIA Inc, and US Bancorp.
Also on the committee is a representative for plaintiffs in separate mortgage lending litigation.