ResCap Bankruptcy Papers List Largest Creditors

Ally Financial Inc. placed its ResCap mortgage subsidiary into bankruptcy early Monday in an attempt to jettison what has long been a drag on its business.

ResCap’s initial bankruptcy filings also list the company’s largest unsecured creditors, a group that includes a number of bondholders, pension funds and other institutional investors. The company listed assets of $15.7 billion and debts of $15.3 billion.

Judge Martin Glenn of the U.S. Bankruptcy Court in New York has been assigned the case.

View the petition here.