Although creationists can account for a change in the speed of light (we have a miracle worker), most creationist astronomers suggest alternative theories as a solution to the light travel time problem.
But in the case of V838 Monocerotis, the speed limit of the universe appears to be broken!
It is important to note that the object expanding is not the star itself
(or the remnants of the 2002 eruption) but a surrounding shell of nearby interstellar dust (presumably from an earlier eruption).The shell only appears to expand at a superluminal velocity because the light the dust gives off is a ‘light echo:’ The light originates from the star’s 2002 eruption and is re-radiated by the dust shell.
Similar geometric effects produce apparent superluminal motion in radio galaxies, BL Lac objects (active galactic nuclei that emit signals that vary on all time scales and at all frequencies!), quasars and blasars.
A light echo: Light ray A, direct from the source (yellow star) arrives at the observer (blue dot) first. Light ray B and C reflect off the gas cloud, but because B has a shorter path it arrives at the observer first. To the observer, B and C appear to come from the same point in the sky. It therefore appears that the illumination of the gas cloud in the direction perpendicular to A is faster than the speed of light.
The universe appears to be expanding in all directions, in a similarway, stars explode in all directions." CMI