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ResCap Ch. 11 Looms Closer As Buyout Rumors Swirl

By Sindhu Sundar (March 16, 2012, 9:55 PM EDT) -- Ally Financial Inc. unit Residential Capital LLC is expected to seek Chapter 11 protection and a possible sale to Fortress Investment Group LLC in coming weeks, as it reels from steep losses in the faltering mortgage market, according to Friday news reports....

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