The organization kept sponsorships to the Hendrick’s area-date #forty-two vehicle, and the #87 car on the Busch Show peak
According to the terms of the latest arrangement, the fresh nonbank commonly go after a beneficial recapitalisation one deleverages its capital structure by detatching more than $800m within the business personal debt
Ditech stored a sponsorship regarding NASCAR Nextel Glass Collection regarding 2004 in order to 2007, conspicuously lookin into the #25 Chevrolet driven by the Brian Vickers. DiTech plus paid Kevin Harvick to own Stewart-Haas Racing from 2015 so you're able to 2016. Harvick create winnings from the The Hampshire having DiTech towards their Chevrolet SS.
In , Ditech registered getting personal bankruptcy toward 2nd amount of time in as much many years. Later one to season, the business's forward financial maintenance and you will originations business Ditech Financial LLC is actually acquired from the This new Home-based Financing Corp. and their opposite home loan providers, Reverse Mortgage Solutions Inc., is received by the Financial Property Management LLC.
According to the processing, Ditech entered with the a great restructuring support arrangement having specific lenders holding more 75 percent of your own businesses name finance
Financial maker Ditech Carrying Corp, and its subsidiaries, together with Ditech Monetary LLC and Opposite Financial Choice Inc, submitted to possess Section 11 case of bankruptcy coverage in the usa Bankruptcy Court towards the South Section of the latest York into the February.