Bankruptcy News February 7, 2018 / 9:03 PM / a year ago BRIEF-Walter Investment Management Corp. Announces Anticipated Date Of Emergence From Chapter 11 Proceedings And Start Of Trading In New.
Earlier that year, Ditech emerged from bankruptcy after having previously done business under the name Walter Investment Management Corporation. In connection with the court-supervised bankruptcy process, Ditech has received commitments for up to $1.9 billion in debtor-in-possession financing to support its operations during the Chapter 11 process.
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2 409158.1 WALTER WHEREAS: A. The Action was filed on March 16, 2017, in the United States District Court for the Southern District of Florida, styled Elkin v.Walter Investment Management Corp. et al, Case No. 1:17-cv-20997-UU.
Earlier this month, Walter Investment Management Corp. announced its plan to reduce $800 million in debt by filing for Chapter 11 bankruptcy had been approved by a federal court. At the time, Walter said that it expected to exit the bankruptcy proceedings at the end of this month, Jan. 31, 2018 to be exact.
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After filing for bankruptcy almost four months ago with plans to sell its business, the Richmond, Virginia-based company has delayed an auction twice without. according to Fitch Ratings and data.
China’s emergence as a major player in Africa’s trade. In addition, large flows of Chinese investment and aid should not be allowed to delay much-needed domestic reforms, such as strengthening.
Walter Investment Management Corp. has successfully emerged from bankruptcy. The surviving organization is a restructured entity with a new name for the parent. Late last year, the Fort Washington, Pennsylvania-based company filed a voluntary chapter 11 petition in a Manhattan bankruptcy court. A.
Walter Investment Management Corp. Announces Anticipated Date of Emergence From Chapter 11 Proceedings and Start of Trading in New Common Stock. Assuming the Company emerges on February 9, 2018, trading in the Company’s new common stock will commence on February 12, 2018. The Company intends to change its name to Ditech Holding Corporation on the Effective Date and will trade under the symbol "DHCP" thereafter.
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U.S. President Barack Obama said Monday that General Motors had a solid chance of recovering with the proper combination of taxpayer investments. been closely watching Chrysler’s emergence from.