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WMIC Prepackaged Plan Effective Date Anticipated

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Walter Investment Management filed with the U.S. Bankruptcy Court a notice of anticipated effective date.

The statement notes, “Walter Investment Management Corp currently anticipates that all remaining conditions precedent to the Prepackaged Plan will be satisfied and that the Company will emerge from Chapter 11 on February 9, 2018 (the ‘Effective Date’). Assuming the Company emerges on February 9, 2018, trading in the Company’s new common stock will commence on February 12, 2018. As previously disclosed, the Debtor intends to change its name to Ditech Holding Corporation on the Effective Date and will trade under the symbol ‘DHCP’ thereafter.”

Read more WMIC bankruptcy news.