Dolan Co. Hits Ch. 11 To Shave Debt From Foreclosure Units

Law360, Wilmington (March 24, 2014, 4:17 PM EDT) -- Business information and professional services firm The Dolan Co. and several affiliates filed for Chapter 11 protection Sunday in Delaware, planning a debt-for-equity swap with an H.I.G. Capital LLC unit after it was hurt by a slowdown in mortgage foreclosure processing in the wake of the so-called robosigning controversy, the company said.

Minneapolis-based Dolan Co., which listed nearly $186 million in total debt against $236 million in assets in its petition, publishes business journals and offers litigation support services, and at one point included a business...
To view the full article, register now.