Leucadia National Corp.

Capmark Negotiating Mortgage Unit Sale to Stave Bankruptcy HW+

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.”