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ResCap Bankruptcy Examiner Says Report to Take Longer

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A report on Residential Capital LLC's pre-bankruptcy transactions with parent company Ally Financial Inc. and others will take about two months longer than planned, said former Bankruptcy Judge Arthur J. Gonzalez, ResCap’s bankruptcy examiner, Bloomberg News reported yesterday. Judge Gonzalez said that he needs until early April to get required documents and to finish interviewing key witnesses. The case is In re Residential Capital LLC, 12-12020, U.S. Bankruptcy Court, Southern District of New York (Manhattan).