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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Feb 7 (Reuters) – Walter Investment Management Corp: * WALTER INVESTMENT MANAGEMENT CORP. ANNOUNCES ANTICIPATED DATE OF EMERGENCE FROM CHAPTER 11 PROCEEDINGS AND START OF TRADING IN NEW COMMON.
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Walter Investment Management Corp. Announces Anticipated Date of Emergence From Chapter 11 Proceedings and Start of Trading in New Common Stock PR Newswire FORT WASHINGTON, Pa., Feb. 7, 2018 FORT W.
About Walter Investment Management Corp. The Company is an independent servicer and originator of mortgage loans and servicer of reverse mortgage 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%.
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Discounted Cash Flow Analysis reflects potential for a near 300% return on investment. are met without delay. However, according to Whitman and Diz, restructurings can take anywhere from 18 months.
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The news release also can be accessed from the Company’s Investor Relations website at www.ditechholding.com. About Ditech Holding Corporation Ditech Holding is an independent servicer and originator of mortgage loans and servicer of reverse mortgage loans.
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After a slight delay, Walter Investment Management Corp. (NYSE: WAC.BC) emerged on Friday from a prepackaged Chapter 11 restructuring plan – with a new name. The parent company of Reverse Mortgage Solutions will be known as Ditech Holding Corporation, adopting the new ticker symbol dhcp when trading begins Monday morning.