Bankruptcy News January 31, 2018 / 11:17 AM / a year ago BRIEF-Walter Investment Management Says Date Of Emergence From Chapter 11 Proceedings Will Not Occur Before Feb 2
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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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.
Chapter 7 Emergence. In most cases, you can get a discharge of your debts and emerge from Chapter 7 bankruptcy in between three and six months. Since Chapter 7 bankruptcy is a liquidation bankruptcy, you may not receive your discharge until the courts sells some of your assets to help pay your creditors.
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Walter Investment Management Ditech returns to bankruptcy to restructure its debt Ditech Holding Corp. is refiling for bankruptcy almost a year after emerging from it in order to facilitate a restructuring agreement with lenders holding more than 75% of its term loans.
RMS Parent’s Bankruptcy Proceedings Hit Delay. Once completed, the restructuring plan will see Walter shed $800 million in corporate debt and free up cash for investments in technology and the company’s other origination businesses. Walter stock closed Wednesday’s trading at $0.67 per share, down 3 cents or 3.68%.
BRIEF-Walter Investment Management Says Date Of Emergence From Chapter 11 Proceedings Will Not Occur Before Feb 2.. All quotes delayed a minimum of 15 minutes.. * WALTER INVESTMENT.
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Walter Investment’s emergence from bankruptcy is delayed Walter investment management corp. pushed back the date it would emerge from bankruptcy to no earlier than Feb. 2 from the originally planned Jan. 31.