Relevant:
- Lehman plans to end bankruptcy, create new company
- Hedge fund's assets locked up in Lehman bankruptcy
- $138 Billion Post-Bankruptcy JP Morgan Advance to Lehman; At Least $87 B Repaid by Fed
- Lehman’s U.K. Administrator Seeks to Return Hedge-Fund Assets
- CDOs Imperiled by Collapse of Iceland Banks, S&P Says
2009-01-09 — freedomblogging.com
``BNC Mortgage, an Irvine-based subprime lender, filed for bankruptcy today to wind down its assets along with its parent Lehman Brothers, which also is bankrupt, reports Bloomberg... Lehman bought the unit, which specialized in subprime loans, in 2004, bringing it into the business which eventually led to the company’s demise. Lehman filed the biggest bankruptcy ever on Sept. 15, listing debt of $613 billion.''
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