Fremont General says a bankruptcy filing is likely
By Admin - Posted on May 10th, 2008
Tagged: bankruptcy protection
• chapter 11
• fremont general corp
• mortgage business
• sub prime lending
Chapter 11 protection would let the failing sub-prime lender sell off its assets more quickly. Fremont General Corp., the former sub-prime lending giant that regulators forced out of the mortgage business last year, said Friday that it probably would seek bankruptcy protection to hasten its liquidation of assets.
