Walter Investment’s emergence from bankruptcy is delayed

Feb 7 (Reuters) – Walter Investment Management Corp: * WALTER INVESTMENT MANAGEMENT CORP. announces anticipated date OF EMERGENCE FROM CHAPTER 11 PROCEEDINGS AND START OF TRADING IN NEW COMMON.

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Last week, Walter disclosed in a filing with the Securities and Exchange Commission that it planned to change its name to Ditech Holding Corp. upon its exit from bankruptcy. That disclosure came as part of an announcement that the company’s emergence from bankruptcy would be delayed.

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Bankruptcy News February 7, 2018 / 9:03 PM / a year ago BRIEF-Walter Investment Management Corp. Announces Anticipated Date Of Emergence From Chapter 11 Proceedings And Start Of Trading In New.

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.

2 409158.1 WALTER WHEREAS: A. The Action was filed on March 16, 2017, in the United States District Court for the Southern District of Florida, styled Elkin v.Walter Investment Management Corp. et al, Case No. 1:17-cv-20997-UU.

The dates of the Chapter 11 filing, plan confirmation, and emergence from Chapter 11, liquidation, or reorganization are taken from Bankruptcy DataSource and Lexis-Nexis. To estimate the time taken for the resolution of the reorganization process, we use the date of the confirmation of the plan by the bankruptcy court as the date of the final resolution of the reorganization process.

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People on the move: march 23 Walter Investment’s emergence from bankruptcy is delayed * WALTER INVESTMENT MANAGEMENT CORP – EFFECTIVE DATE OF EMERGENCE FROM chapter 11 proceedings WILL NOT OCCUR PRIOR TO FEBRUARY 2, 2018 Source text for Eikon: Further company coverage: Our.Business Events Calendar for March 18, 2019.

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Creditors will swap debt for equity under a proposed balance sheet restructuring. Walter Investment Management Corp., weighed down by debt from a series of deals it has struck since 2010, has filed for bankruptcy protection with a plan to reduce its debt by $806 million and turn over most of its ownership to bondholders. The Fort Washington, Pa.,

Remington Begins Chapter 11 Bankruptcy Proceedings. With the consent of a majority of the holders of the Term Loans (the “Term Loan Lenders”) and the Third Lien Notes (the “Third Lien Noteholders”), Remington Outdoor Company will provide a $45 million delayed draw first-out first lien term loan (the “FirstOut Term Loan”) to FGI OpCo.