Residential Capital's exclusive right to file a reorganization plan was extended until Dec. 20 during a court hearing yesterday, Reuters reported yesterday. The court's decision fell short of the nine-month extension that ResCap, a home mortgage lender that filed for bankruptcy in May, had requested. ResCap, a unit of Ally Financial, said in court papers that it needed a nine-month extension because of the complexity of the case and to give it time to examine a report by an independent bankruptcy examiner. That report is expected to be published in January.
