1st home liquidating trust
New Century filed for bankruptcy in 2007 and transferred its assets into a liquidation trust in 2008.
Notwithstanding that earlier dissolution and transfer, “New Century” executed a purported assignment of Yvanova’s deed of trust on December 19, 2011 to Deutsche Bank National Trust, as trustee for a Morgan Stanley investment trust. The assignment indicates that it was prepared by Ocwen Loan Servicing, LLC, identified as New Century’s attorney in fact, as well as the contact for both the assignor and assignee.
and 49 of its subsidiaries (the "Debtors") filed voluntary petitions in the United States Bankruptcy Court for the Central District of California seeking relief under the provisions of Chapter 11 of the United States Bankruptcy Code.
To find out more, Lawyer Monthly hears from Ashley B. It states that a plan may provide for the retention and enforcement by the debtor, by the trustee, or by a representative of the estate appointed for such purpose, of any such claim or interest.