Ditech Holding Corporation Continues To Dodge Creditors After Emerging Bankruptcy And Sacking COO
Ditech Holding Corporation is in trouble again.
The company formerly known as Walter Investment Management emerged from Chapter 11 bankruptcy last year. The company restructured and eliminated $800 million in corporate debt. It also changed its name to Ditech Holding.
Ditech has also had a revolving door in its CEO’s office for several years.
Yet, the bankruptcy didn’t end the company’s financial problems. In June, Ditech warned investors that it was exploring “strategic alternatives to enhance stockholder value,” which included possibly selling the company.
Ditech Holding Corporation ran into more trouble when it was kicked off of the New York Stock Exchange in November.