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2012-09-27 — bloomberg.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. source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |