ResCap Gets Court Approval To Pay $1.1B Ally Debt

By Maria Chutchian · June 12, 2013, 4:13 PM EDT

Residential Capital LLC on Wednesday secured a New York bankruptcy judge's approval to make an early $1.1 billion debt payment to former parent Ally Financial Inc., despite an objection from bondholder...

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Case Information

Case Title

Residential Capital, LLC

Case Number

1:12-bk-12020

Court

New York Southern

Nature of Suit

Date Filed

May 14, 2012