Walter Investment’s emergence from bankruptcy is delayed

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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 FORT WASHINGTON, Pa., Feb. 7, 2018 /PRNewswire/ – As previously announced, Walter Investment Management Corp. (the "Company") (NYSE: WAC.BC) received approval of its prepackaged financial restructuring plan (the "Prepackaged Plan") from the.

The U.S. Bankruptcy Court issued an order confirming Walter Investment Management’s Amended Prepackaged Chapter 11 Plan of Reorganization [Modified], and the Company anticipates emerging from Chapter 11 protection by January 31, 2018. This mortgage loan servicer filed for Chapter 11 protection on November 30, 2017, listing $17 billion in pre-petition assets.

"Our emergence from bankruptcy and our new capital structure is a significant accomplishment and makes Tronox a much stronger company for the benefit of our stakeholders, including our customers, vendors, employees, joint venture partner and shareholders," said Dennis L. Wanlass, Chief Executive Officer of Tronox.

It’s the first hangup in what has been an otherwise smooth restructuring process for the Fort Washington, Pa.-based financial company: After publicly floating the idea of a prepackaged Chapter 11 in the summer and fall, Walter filed in December and received approval from a federal bankruptcy judge earlier this month.

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(Formerly Walter Investment Management Corp.) Ditech Holding Corporation (formerly Walter Investment Management Corp.) is an independent originator and servicer of mortgage loans and servicer of reverse mortgage loans. We service a wide array of loans across the credit spectrum for our own.

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Watch the full first presidential debate between Hillary Clinton and Donald Trump was filed “to delay or frustrate the legitimate efforts of secured creditors to enforce their rights.” Phoenix. United States Bankruptcy Judge Copies to: Walter J. Snell, Attorney for BTDT Investments, Inc. Robert Reynolds, Attorney for Canbec Investment Corporation .

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.

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