Residential Capital LLC asked a bankruptcy judge to approve the appointment of a chief restructuring officer to help it reach and confirm a reorganization plan following its assets sale, Bloomberg News reported today. ResCap is looking to appoint Lewis Kruger, a partner and co-chairman of the financial restructuring group at Stroock & Stroock & Lavan LLP who has worked as a restructuring attorney for more than 40 years. New York-based ResCap filed for bankruptcy in May with plans to sell its major assets and resolve legal claims related to mortgage loans. The company is owned by Ally Financial Inc., a Detroit-based lender majority owned by U.S. taxpayers.
