Two putative creditors of Morris Schneider Wittstadt, who are suing the firm over unpaid loans executed by its former managing partner, Nathan Hardwick IV, have asked that the firm be ordered to set aside $6.5 million to cover their claims, out of concern that the firm’s assets are shrinking to the point where they will not be able to collect anything.
Their loans were triggered by the residential real estate closing and foreclosure firm’s discovery last August that an estimated $30 million was missing from the escrow accounts of its closing practice.
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