The unsecured creditors’ committee of ResMae Mortgage Corp. has filed a motion saying it cannot amend its reorganization plan in order to track interest for disputed claims as creditor Merrill Lynch had requested, Bankruptcy Law360 reported yesterday. Despite Merrill Lynch’s request, the committee’s motion said that making a distribution to holders of allowed claims sooner than to those who hold disputed or unliquidated claims doesn’t mean that the debtor has to compensate those with disputed claims for the delay. Merrill Lynch and LaSalle Bank National Association filed limited objections last Tuesday to ResMae’s proposed amended reorganization plan. Both said that they each had concerns about how unliquidated claims would be treated, among other things. Merrill Lynch said that it was concerned about the plan’s failure to contain a mechanism to reserve for unliquidated claims, the preservation of all parties’ set-off and recoupment rights, and the granting of overly broad third-party releases, among other things.

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