Ally's ResCap Mortgage Unit Said to Seek Buyers for Prearranged...

02/08/12

Ally's ResCap Mortgage Unit Said to Seek Buyers for Prearranged Bankruptcy
Bloomberg
Potential bidders are being told that a pre-packaged bankruptcy filing would allow the buyer to leave behind liabilities such as private-label securitizations that have been the subject of litigation, said the people. Spokesmen for Ally, Cerberus and ...

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