Leucadia National Corp.

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Capmark Negotiating Mortgage Unit Sale to Stave Bankruptcy

Sep 03, 2009By

Capmark Financial Group said it is taking steps to restructure its businesses, including commercial real estate financing and servicing, to avoid a potential Chapter 11 bankruptcy filing. After losing $1.6bn in Q209, Capmark acknowledged “the outcomes of such restructuring may include reorganization under chapter 11 of the US Bankruptcy Code.”

3d rendering of a row of luxury townhouses along a street

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