A federal judge ordered Capmark Financial Group this week to push back the deadline it had set to receive bids for its commercial mortgage servicing business.

Capmark, one of the nation’s largest commercial real estate companies, surrendered to the sector’s continuing deterioration and filed for Chapter 11 bankruptcy Sunday. It services more than $360 billion in mortgage loans.

When it filed for bankruptcy, Capmark said it planned to sell its servicing unit to a joint venture of Warren Buffett’s Berkshire Hathaway and Leucadia National Corp. for $490 million.

Capmark was expected to close bidding for its servicing business this Saturday, but Judge Christopher Sontchi ruled during a hearing Tuesday that Capmark must wait for its creditors to form a committee before setting a deadline for bids.

According to a Reuters report, the creditors’ formation of a committee is expected to happen Monday, with a hearing for the proposed sale motion to come later next week.