ResCap trust posts $129.14 million of liquidation assets at Sept. 30

By Caroline Salls

Pittsburgh, Nov. 9 – ResCap Liquidating Trust reported $129.14 million of net assets in liquidation as of Sept. 30, according to a report released Wednesday.

In comparison, the trust had $229.19 million of net assets in liquidation as of June 30.

The trust had $512.48 million of total assets and $383.34 million of total debt as of Sept. 30, including $63.53 million of claims and settlements.

Cash and cash equivalents at Sept. 30 were $95.62 million.

Also, the trust listed $175.71 million of total receipts for the year through Sept. 30.

Residential Capital, a New York-based mortgage originator and servicer, emerged from bankruptcy on Dec. 17, 2013.

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