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Walter Investment’s emergence from bankruptcy is delayed

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About Walter Investment Management Corp. Walter Investment Management Corp. is an independent servicer and originator of mortgage loans and servicer of reverse mortgage loans.

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Case Background. On November 30, 2017, Walter Investment Management Corp. ("Walter" or the "Company") announced that the Company elected to file a voluntary chapter 11 petition in the United States Bankruptcy Court for the Southern District of New York to execute a prepackaged financial restructuring plan.

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About Walter Investment Management Corp. As previously disclosed, on November 30, 2017, the Company filed a voluntary petition (the case commenced thereby, the " Chapter 11 Case ") under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the Southern District of New York (the " Court ").

Walter Investment Management Corp. Prepackaged Chapter 11 Plan Approved By Court Expects to Emerge from Chapter 11 by January 31, 2018 Announces Composition of Post-Emergence Board of Directors

Walter Investment’s emergence from bankruptcy is delayed Walter Investment Management Corp. pushed back the date it would emerge from bankruptcy to no earlier than Feb. 2 from the originally planned Jan. 31.

I like Ben Grahams analogy that one should buy stocks the way you buy groceries not the way you buy perfume -walter Schloss. may have to do with its debt consolidation after filing for bankruptcy.

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%.

According to Walter, the operations of Ditech and the company’s reverse mortgage division, Reverse Mortgage Solutions, will not be affected by the parent company’s bankruptcy proceedings.

How we pick the Best Mortgage Companies to Work For “A 3-to-5 minute conversation with somebody allows for personality to come out, further conversation about the things that we do beyond the reverse mortgage, and the positives and negatives of the.

After filing for bankruptcy almost four months ago with plans to sell its business, the Richmond, Virginia-based company has delayed an auction twice without. according to Fitch Ratings and data.

Bankruptcy news january 31, 2018 / 11:17 AM / a year ago BRIEF-Walter Investment Management Says Date Of Emergence From Chapter 11 Proceedings Will Not Occur Before Feb 2