Lehman, Loehmann’s, Ambac, Gulfstream: Bankruptcy

By
Real Estate Agent with Pacific Sun Capital - Commercial Bridge Loans & Investments

Paulson & Co. Inc. and nine other
creditors filed a competing Chapter
11 plan yesterday for Lehman Brot-
hers Holdings Inc.
The plan proposes
substantive consolidation with most
of the Lehman subsidiaries where all
assets are thrown into one pot and
creditors receive a similar distribution
regardless of the Lehman subsidiary
that owed the debt.

Read more on this story from
Bloomberg here

------------------------------------------

You can instantly receive news
updates like this via the RSS feed
for the main blog on our website.

On our blog we share more in depth
stories as well as regular video
news posts.

By subscribing to the RSS feed
you'll always get instant notification
whenever a news story or video has
been shared on our websites main blog.

------------------------------------------

PacSun - bridge loans, commercial hard money loans, bridge financing 

Pacific Sun Capital is a private funding source of bridge loans and commercial hard money loans. To learn more about our commercial bridge financing and debtor in possession financing programs, or to request either a bridge loan or hard money loan please visit our commercial real estate website which outlines the details of our bridge fund and the types of bridge capital we offer. We also buy and sell commercial notes.

If you need a Texas bridge loanFlorida bridge loanCalifornia bridge loan, or bridge financing in any other primary tier 1 market or secondary market please contact us by visiting our commercial website.

Comments (0)