A report on Residential Capital LLC’s pre-bankruptcy deals with parent company Ally Financial Inc. will be finished in early May, about one month later than planned, a lawyer for the retired judge conducting the probe said, Bloomberg News reported yesterday. Lawyers for former Bankruptcy Judge Arthur J. Gonzalez, ResCap’s bankruptcy examiner, received about 2 million documents to review at the end of January and early this month, later than expected, Howard Seife, an attorney for Gonzalez, said in court yesterday. The examiner's report will affect ResCap's ability to develop a consensual reorganization plan, Bankruptcy Judge Martin Glenn said in federal court in Manhattan yesterday.
