Walter Investment’s emergence from bankruptcy is delayed

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Six Flags CEO Mark Shapiro said that the company’s problem was the declining attendance and cash flow created by his new management initiatives. If not resolved, the company warned in its 2008 annual report that the situation might require a Chapter 11 bankruptcy filing, with Six Flags already retaining counsel should that occur.

Management blamed its recent bankruptcy proceedings, which saw the former Walter Investment Management Corporation emerge as Ditech earlier this year, for the delay. in connection with the.

Before I turn the call over to Tom, I want to address the delay in the release. The Company emerged from bankruptcy with a nine-member Board of Directors comprised of six new members and three.

Last week, Walter disclosed in a filing with the Securities and Exchange Commission that it planned to change its name to Ditech Holding Corp. upon its exit from bankruptcy. That disclosure came as part of an announcement that the company’s emergence from bankruptcy would be delayed.

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"The delay by the town to not reasonably negotiate the (sewer agreement) has delayed the Company’s emergence from bankruptcy and overall investment plan," said Koffman, who asserted that the resort.

Walter. of investment made in November affects the Gross Domestic Product, GDP, for only one month that year. Time is.

Earlier this month, Walter Investment Management Corp. announced its plan to reduce $800 million in debt by filing for Chapter 11 bankruptcy had been approved by a federal court. At the time, Walter said that it expected to exit the bankruptcy proceedings at the end of this month, Jan. 31, 2018 to be exact.

The news release also can be accessed from the Company’s Investor Relations website at www.ditechholding.com. About Ditech Holding Corporation Ditech Holding is an independent servicer and originator of mortgage loans and servicer of reverse mortgage loans.

Ditech Holding Probability Of Bankruptcy Analysis For stocks, Probability Of Bankruptcy is normalized value of Z-Score. For funds and ETFs it is derived from a multi-factor model developed by Macroaxis. The score is used to predict probability of a firm or a fund experiencing financial distress within next 24 months.

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