ResCap Gets Court Approval To Repay Creditors - Mortgageorb

06/12/13


Mortgageorb

ResCap Gets Court Approval To Repay Creditors
Mortgageorb
A U.S. bankruptcy judge has ruled that defunct mortgage company Residential Capital LLC (ResCap) may proceed with repaying more than $1.9 billion in debt - including $1.1 billion to parent Ally Financial - which it borrowed before filing for Chapter 11 ...

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