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What say?

posted by Stephen Lubben

Gretchen Morgenson, in Mortgage Unit Troubles Ally Financial explains that:

Although repurchase claimants would be considered general unsecured creditors in a ResCap bankruptcy, the put-back demands would very likely be somewhat senior to those of other unsecured creditors because of their contractual nature.

May 7, 2012 at 5:21 AM in Corporate Bankruptcy

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