C-Bass Plan Sails To Confirmation
Judge Allan L. Gropper said the plan "attempts to allocate the debtor's remaining resources as reasonably as possibly considering all of the circumstances of what I now gather is being called the great recession, but for some was much more than that."
C-Bass, founded in 1996, issued, serviced and invested in subprime and other credit-sensitive residential mortgage assets. It reported liabilities...
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