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IN RE LOMAS FINANCIAL CORP.

Bankruptcy No. 95-1235 (PJW).

212 B.R. 46 (1997)

In re LOMAS FINANCIAL CORPORATION, Lomas Mortgage USA, Inc., Lomas Information Systems, Inc., and Lomas Administrative Services, Inc., Debtors.

United States Bankruptcy Court, D. Delaware.

July 21, 1997.

Attorney(s) appearing for the Case

Neil B. Glassman, Jeffrey M. Schlerf, Bayard, Handelman & Murdoch, P.A., Wilmington, DE, Martin J. Bienenstock, Weil, Gotshal & Manges, L.L.P., New York City, for Nomas Corp. and LMUSA Statutory Creditors' Committee.

Laurie Selber Silverstein, William A. Hazeltine, Potter, Anderson & Corroon, Wilmington, DE, David C.L. Frauman, Cynthia E. Cunningham, Milbank, Tweed, Hadley & McCloy, New York City, for CDC Servicing, Inc.

MEMORANDUM OPINION

PETER J. WALSH, Bankruptcy Judge.

This is the Court's ruling with respect to CDC Servicing, Inc.'s ("CDC") motion for reconsideration of a December 10, 1996 order (the "Order"), which, inter alia, disallowed and expunged a proof of claim filed by CDC against Lomas Mortgage USA, Inc., now known as Nomas Corp. ("Debtor"). CDC argues that Debtor's failure to send its counsel the notice of objection to the CDC claim constitutes cause...

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