Ally Financial’s ResCap mortgage unit seeks bankruptcy protection – Los Angeles Times
 Globe and Mail |
Ally Financial's ResCap mortgage unit seeks bankruptcy protection
Los Angeles Times AP The US government is hoping that the bankruptcy filing by Ally Financial Inc.'s troubled mortgage business will help the company repay its government bailout faster. Residential Capital, or ResCap, filed for Chapter 11 bankruptcy protection in New … CEO: Ally closer to IPO, private equity sale after ResCap bankruptcy Ally Fincl: ResCap Mortgage Subsidiaries File Chapter 11 Former subprime lender ResCap files for Ch. 11 |
