ResCap Said To Explore Prepackaged Bankruptcy

09 Feb 2012

Residential Capital is said to be exploring the possibility of selling itself to a buyout firm through a prepackaged bankruptcy.

Residential Capital is said to be exploring the possibility of selling itself to a buyout firm through a prepackaged bankruptcy. Sources said the firm has been in talks with firms including Fortress Investment Group and Cerberus Capital Management as its parent, Ally Financial, seeks to limit liability from ...

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