Mortgage Sight Gains Approval to Acquire Trumarkets
SPECIAL REPORT
NEW YORK--The attempted takeover of bankrupt trading platform Trumarkets by a consortium of banks calling itself Mortgage Sight Holdings (TTW, May 14) was given the green light in US Bankruptcy Court here late last week. The path to an acquisition was cleared when a dismissal motion of the Chapter 7 involuntary petition filed against Trumarkets by its creditors was granted. Ahead of a proposed dismissal hearing last week, Trumarkets creditors had submitted an appeal to the dismissal motion.
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