Ditech Holding Corp fka DHCPQ

[UnderR8D]

Unlike the first bankruptcy , Ditech included Subsidiaries Ditech Financial LLC and Reverse Mortgage solutions in this restructuring filing. Yes , the have had solid net income but Ditech as a whole is in a boatload of debt that it can’t escape. Further complicating matters is growth in the mortgage industry has slowed making the outlook look somewhat worse.

I don’t have a dog in this fight. If you do , i wish you the best of luck. My thoughts are this bankruptcy won’t go as well as the previous for Ditech. Looks like some are already lining up to purchase assets.

https://www.spglobal.com/marketintelligence/en/news-insights/trending/dr_bUQjiJMcuFyS32EzIjQ2

Nobody wanted the company as a whole with all that debt , but they certainly will load up on assets debt free or close to debt free ~