Walter Investment Management expects to emerge from bankruptcy Feb. 9

By Caroline Salls

Pittsburgh, Feb. 7 – Walter Investment Management Corp. expects to emerge from its pre-packaged Chapter 11 bankruptcy case on Friday, according to a company news release.

As previously reported, Walter’s plan of reorganization was confirmed on Jan. 17 by the U.S. Bankruptcy Court for the Southern District of New York.

Assuming it emerges on Feb. 9, the company said trading in its new common stock will begin on Feb. 12.

Walter said it intends to change its name to Ditech Holding Corp. on the plan effective date, and its stock will trade under the symbol DHCP after the name change takes effect.

Walter is a Fort Washington, Pa., servicer and originator of mortgage loans and servicer of reverse mortgage loans. The company filed for bankruptcy on Nov. 30, 2017 under Chapter 11 case number 17-13446.

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