FOX Business: ResCap presents creditor payout plan to judge, criticizes bondholders

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ResCap presents creditor payout plan to judge, criticizes bondholders Nov 19th 2013, 23:28 A lawyer for bankrupt Residential Capital on Tuesday asked a judge to confirm the mortgage lender's plan to end its Chapter 11 case and pay back creditors, criticizing "scorched-earth" opposition by bondholders in the opening of what figures to be a marathon hearing.

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