American Business Financial trustee requests approval of William Robertson as examiner

By Caroline Salls

Pittsburgh, April 11 - The U.S. Trustee for American Business Financial Services Inc.'s Chapter 11 case asked for approval of the appointment of William W. Robertson as examiner in a request filed Friday with the U.S. Bankruptcy Court for the District of Delaware.

As previously reported, the court appointed David Coles as chief restructuring officer following an agreement between the company and the U.S. Trustee for the case. Under the deal, American Business agreed to the naming of an examiner while the U.S. Trustee withdrew its objection to Coles and its request for a Chapter 11 trustee.

The company will work with the trustee to define the examiner's responsibilities.

Philadelphia-based American Business Financial Services originates, sells and services home equity loans and money mortgage loans. It filed for Chapter 11 on Jan. 21. The company's Chapter 11 case number is 05-10203.

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