2012-09-27bloomberg.com

Bondholders of Residential Capital LLC, the bankrupt mortgage unit of Ally Financial Inc. (ALLY), are ending an agreement to support its reorganization plan.

ResCap's secured bondholders ended the agreement, Gina Proia, a spokeswoman for Detroit-based Ally, said yesterday in an e-mailed statement. The bankruptcy process continues to move forward, she said.


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