Ditech Holding Corporation

Case #
19-10412
Court Address

On February 11, 2019, Ditech Holding Corporation announced that it has entered into a Restructuring Support Agreement (the “RSA”) with certain lenders holding more than 75% of Ditech Holding’s term loans. The RSA provides for a restructuring of the Company’s debt while the Company continues to evaluate strategic alternatives. Under the RSA, the Company will pursue a recapitalization that deleverages its capital structure by extinguishing over $800 million in corporate debt, and a liquidity enhancing transaction that includes an appropriately sized working capital facility at emergence. As contemplated by the RSA, the Company simultaneously continues to consider a broad range of options, including but not limited to potential transactions such as a sale of the Company and/or a sale of all or a portion of the Company’s assets, as well as potential changes to the Company’s business model.

To facilitate this financial restructuring, Ditech Holding Corporation and certain of its subsidiaries (together the “Company”), including Ditech Financial LLC and Reverse Mortgage Solutions, Inc., have filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code.

The Company and its employees remain focused on providing homeowners with the right home financing solutions and the same high-quality service they have come to expect from us.

The Company’s case has been assigned to Judge James L. Garrity, Jr and Case No. 19-10412. The Docket can be accessed in the Dockets tab above or through the website maintained by the United States Bankruptcy Court for the Southern District of New York (www.nysb.uscourts.gov).

Additional information, including press releases and frequently asked questions, is available on the restructuring page of our website, (http://www.ditechholding.com).

Debtor List
Debtor
Green Tree Credit LLC
Case #
19-10411
Debtor
Ditech Holding Corporation
Case #
19-10412
Debtor
DF Insurance Agency LLC
Case #
19-10413
Debtor
Ditech Financial LLC
Case #
19-10414
Debtor
Green Tree Credit Solutions LLC
Case #
19-10415
Debtor
Green Tree Insurance Agency of Nevada, Inc.
Case #
19-10416
Debtor
Green Tree Investment Holdings III LLC
Case #
19-10417
Debtor
Green Tree Servicing Corp.
Case #
19-10418
Debtor
Marix Servicing LLC
Case #
19-10419
Debtor
Mortgage Asset Systems, LLC
Case #
19-10420
Debtor
Reo Management Solutions, LLC
Case #
19-10421
Debtor
Reverse Mortgage Solutions, Inc.
Case #
19-10422
Debtor
Walter Management Holding Company LLC
Case #
19-10423
Debtor
Walter Reverse Acquisition LLC
Case #
19-10424