Hedge Fund News From HedgeCo.Net


Capmark Financial bankruptcy due soon: source

Reuters – Capmark Financial Group Inc., the commercial real estate company created through a 2006 leveraged buyout of certain GMAC assets, is preparing to file for bankruptcy possibly by the end of next week, according to a source with direct knowledge of the situation.

The company, which owns a bank that will continue to operate while it is in court, is in negotiations with lenders, bondholders and the Federal Deposit Insurance Company that will result in a filing by the end of October at the latest, the source said.

Read Complete Article

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated and tagged , , , . Bookmark the permalink.

Leave a Reply