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: Mortgage Lender Implode-o-MeterLehman plans to end bankruptcy, create new company
By Implode-Explode Heavy Industries
Lehman Brothers Holdings Inc on Monday filed a plan with the U.S. bankruptcy court in Manhattan to wind down its remaining assets and operations -- and end the largest U.S. bankruptcy case in history.
Under the proposed Chapter 11 plan, a newly created business called LAMCO would manage what is left of Lehman's commercial real estate, mortgages, principal investments, private equity, corporate debt and derivatives assets.
Full post as published by Mortgage Lender Implode-o-Meter on March 16, 2010 (boomark / email).
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