New Century Files For Bankruptcy

New Century Financial has filed for Chapter 11 and agreed to sell its servicing operations to Carrington Capital Management.

  • 02 Apr 2007

--Cathy Cunningham

New Century Financial has filed for Chapter 11 and agreed to sell its servicing operations to Carrington Capital Management. The filing was made today in the U.S. Bankruptcy Court for the District of Delaware.

"This was a very hard step for me personally and clearly not the outcome ...

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