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RALPH THE HOMEOWNER FIGHTS BACK AT NEW CENTURY MORTGAGE--RE INEFFECTIVE BAR DATE NOTICE TO ALL CONSUMERS OF NEW CENTURY MORTGAGE AND HOME123 CORP LOANS-APRIL 2012

RALPH THE HOMEOWNER FIGHTS BACK AT NEW CENTURY MORTGAGE--RE INEFFECTIVE BAR DATE NOTICE TO ALL CONSUMERS OF NEW CENTURY MORTGAGE AND HOME123 CORP LOANS-APRIL 2012

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Published by: 83jjmack on Apr 25, 2012
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INTHEUNITEDSTATESBANKRUPTCYCOURTFORTHEDISTRICTOFDELEWAREINRE:Chapter11NEWCENTURYTRSHOLDINGS,INC.,etaI.,aDelawareCorporationCaseNo.
07-10416
(KJC)(JointlyAdministered)Debtors,MOLLYS.WHITEANDRALPHN.WHITEAdversary.ProceedingNo.10-55357(KJC)Plaintiffs
v.
Re:DocketNos.
10824,1173
NEWCENTURYTRSHOLDINGS,INC,eta!.,aDelawareCorporationDefendantRESPONSEOFMOLLYS.WHITEANDRALPHN.WHITEINOBJECTIONTOTHENEWCENTURYLIQUIDATINGTRUSTMOTIONREQUESTINGANORDERTHATTHEDEBTORSHAVECOMPLIEDWITHTHEBARDATEORDERFORFILINGPROOFSOFCLAIMANDAPPROVINGFORM,MANNERANDSUFFICIENCYOFNOTICECOMESNOWMollyS.WhiteandRalphN.White(the"Whites")filesthis,responseinobjectiontotheNewCenturyLiquidatingTrust(the"Trust")MotionforentryofanOrderdeterminingthattheDebtorshavecompliedwiththeOrderestablishingbardatesforfilingproofofclaimandapprovingform,MannerandSufficiencyofNotice,andthatsuchOrderbedeemedapplicabletoallcreditors.InsupportoftheWhitesoppositiontothemotion,theWhitessubmit,atrueandauditedcopyoftheentirepageonwhichtheNoticeappearedintheWallStreetJournal(the"WSJ")withanenlargedandlegiblecopyforbenefitofthecourtwhichisattachedheretoasExhibit"A"andincorporatedhereinbyreference,andfurtherincorporatedbyEvidentiaryHearing,TranscriptattachedheretoasExhibit"8",andrespectfullysubmitsasfollows.
I
 
PRELIMINARYSTATEMENT
1.OnJune8,2007,theDebtorsandDebtorsinpossessionmotionedthecourtforentryofanOrderestablishingbardatesforfilingProofsofClaimandapprovingForm,MannerandSufficiencyofNoticethereof(the"Motion")
[0.1.
1173].ThecourtenteredanOrderonJune28,2007,(the"BarDateOrder")
[0.1.
1721]establishingtheGeneralBarDateofAugust31,2007at5:00pmasthelastdateforfilingproofsofclaimbynon-governmentalentities.Further,theBarDateOrderestablishedthat"theGeneralBarDateshallbefixedasadatenoearlierthan60daysaftertheservicedate"oftheNotice...BarDateOrder,1{5.OnDecember13,2011,theTrustandhomeownerclaimant,HelenGalope(the"GalopeClaimant")engagedinanEvidentiaryHearing(the"December13,EvidentiaryHearing")uponwhichtheTrustpresentedthetestimonyofformerleadcounselfortheDebtor,SuzzanneUhland,Esq.forthepublicationnoticeofthebardate.PursuanttotheTrust'sforty-secondOmnibusObjectiontoclaims,theTrustnoticedandsoughttodisallowtheclaimsofKaranRussell,TiphanieGoinesandHelenGalope[0.1,10562].OnFebruary7,2012,thecourtentereditsOrderandMemorandum(collectivelythe"GalopeDecision")
[0.1.
10726]settingitsbasisfordisallowanceoftheGalopeclaim.ThecourtreasonedthatNoticebypublicationintheWSJandsupplementalNoticebytheOrangeCountyRegistersatisfiedtherequirementsofdueprocesspertainingtotheBarDateOrderforunknowncreditors.ThecourtfurthercitedtheextremedelayinfilingandbringingforththeGalopeclaim.TheTrustnowseeksablanketOrderapplicabletoallunknowncreditorsnotwithstandingthefactthattheotherpotentiallyunknowncreditors,ofwhichtheWhitesdonotconcedeasapplicable,shouldbedeniedtotheextentitreliesontheform,MannerandSufficiencyoftheNoticeandforlackofcompliancewiththeBarDateOrder.
2
 
BACKGROUND
2.
OnApril
2,2007,
theDebtor(withtheexceptionofNewCenturyWarehouseCorporation)filedvoluntarypetitionsforreliefunderChapter11ofTitle11oftheUnitedStatesBankruptcyCode(the"Code")withtheUnitedStatesBankruptcyCourtfortheDistrictofDelaware(the"Court).3.OnJune
8,2007.
theDebtorandDebtorsinpossessionfiledamotionforentryofanOrderestablishingbardatesforfilingProofsofClaimandapprovingForm,MannerandSufficiencyofNotice.[0.1.1173].4.OnJune
28,2007,
thecourtenteredanOrderestablishingthebardatesforfilingproofsofclaimsandapprovingform,MannerandSufficiencyofNoticethereof.5.OnJuly
23,2007.
theDebtorscourtapprovedclaimsandnoticingagent,XRoadsCaseManagementServices,LLC("XRoads")publishedone(1)entryofthebardateNoticeintheNationalEditionoftheWSJandtheOrangeCountyRegister.6.OnAugust1,
200S,
(the"OriginalEffectiveDate")theoriginalplanbecameeffectiveandpursuanttotheoriginalplan,theNewCenturyLiquidatingTrustAgreementwasexecutedwherebyaTrustwascreatedappointingAlanM.JacobsasTrusteeandsoleofficerandplacingallassetsoftheDebtorsexcludingaccesslendingassetsbutincludingaccesslendinginterestsintotheTrust.
7.
OnJune16,
2009,
theUnitedStatesDistrictCourtfortheDistrictofDelawareissuedaMemorandumOpinionreversingtheOriginalConfirmationOrder.
S.
OnNovember
20,2009,
theCourtenteredanOrderConfirmingtheModifiedPlan(the"ModifiedConfirmationOrder").9.OnDecember1,
2009,
theModifiedPlanbecameeffective.
3

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