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ResMAE looks to retain Milestone Advisors as financial adviser
By Caroline Salls
Pittsburgh, Feb. 16 - ResMAE Mortgage Corp. requested court approval to hire Milestone Advisors, LLC as the financial adviser for its Chapter 11 case, according to a Thursday filing with the U.S. Bankruptcy Court for the District of Delaware.
The financial adviser's duties will include identifying and profiling potential buyers, structuring and negotiating sale transactions and advising the company and parties in interest on possible restructuring, sale and financing alternatives.
A hearing is scheduled for March 5.
ResMAE, a mortgage lender based in Brea, Calif., filed for bankruptcy on Jan. 12. Its Chapter 11 case number is 07-10177.
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