Replies to post #312 on Walter Investment Management Corp (WAC)

[BigDog0708]

Would be nice to provide a new targeted "Effective Date".


FORT WASHINGTON, Pa., Jan. 31, 2018 /PRNewswire/ -- As previously announced, Walter Investment Management Corp. (the "Company") (NYSE:WAC.BC) received approval of its prepackaged financial restructuring plan (the "Prepackaged Plan") from the United States Bankruptcy Court for the Southern District of New York on January 17, 2018. Also as previously announced, the Company will emerge from Chapter 11 on such date that the conditions to the Prepackaged Plan are satisfied (the "Effective Date"), which date was previously anticipated to occur on or before January 31, 2018. The Company announced today that, while it remains on track to complete the work necessary to satisfy such conditions, the Effective Date will not occur prior to February 2, 2018.